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boyakko [2]
3 years ago
14

Supply of Children's Books Price (dollars) Quantity (books) $12 24 10 20 8 16 6 12 4 8 2 4 0 0 Instructions: Round your answers

to 2 decimal places. a. Using the midpoint method, what is the percentage change in price from a price of $4 to a price of $6 per children's book
Business
1 answer:
Nataly_w [17]3 years ago
5 0

Answer:

40%

Explanation:

the percentage change in price using the midpoint method = {(P₂ - P₁) / [(P₂ + P₁)/2]} x 100

= {($6- $4) / [($6 + $4)/2]} x 100 = [$2 / ($10 / 2)] x 100 = ($2 / $5) x 100 = 0.4 x 100 = 40%

The advantage of using the midpoint method for calculating percentage changes is that it doesn't matter if the change is positive or negative, e.g. it will yield the same result if the price increases or decreases in the same amounts.

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A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit
Darina [25.2K]

Answer:

Total overhead                       $

Indirect material ($0.5 x 200,000 units) = 100,000

Utilities ($0.25 x 200,000 units)             = 50,000

Supervisory salaries                                 = 60,000

Building rent                                              = 80,000

Total overhead                                             290,000

Overhead rate                = <u>Budgeted overhead</u>

                                           Budgeted direct labour hours

                                         = <u>$290,000</u>

                                              100,000 hours

                                         = $2.90 per direct labour hour

Explanation:

In this case, we need to obtain the total overhead, which is the total of indirect material, utilities, supervisory salaries and building rent.

Then, we will divide the total overhead by direct labour hours so as to determine the overhead rate.

8 0
3 years ago
Predictors and Effects of Participation in Peer Support: A Prospective Structural Equation Modeling Analysis
Arisa [49]

Results Structural equation modeling indicated a) lower levels of available support for diabetes management, higher depression scores and older age predicted more peer contact and b) more contact predicted lower final HbA1c levels, as well as lower baseline BMI and diabetes anxiety and fewer years of life with diabetes

The model equations are the conservation of mass, energy and momentum in their basic form, i.e. the sum of inflows and outflows and also the transformation of one conserved quantity into another.

The mathematical model we just used was in the form of a formula or equation. Equations are the most common type of mathematical model. Here is another example of an equation as a mathematical model. Let's say a store is having a sale where everything in the store is 15% off.

Learn more about model equations here brainly.com/question/16107051

#SPJ4

8 0
1 year ago
Which of the following total cost functions suggests the presence of a natural​ monopoly?
monitta

Answer: B. TC​ = 50​ + 20Q

Explanation:

A Natural Monopoly is generally associated with a firm that has very high initial fixed costs. These costs are generally related to the use of high scale technology or machinery to operate effectively.

Some examples include, gas pipelines, electricity grids, and the like.

They act as both a deterrent for companies to join the market as well as to exit.

Option B shows the typical Total Cost function of a Natural Monopoly and reflects the high initial costs as well.

8 0
3 years ago
2. What are some ways you should categorize your financial documents (choose all that apply)
drek231 [11]

Answer:

<h2><u>Credit Card Statements</u></h2><h2><u>Tax Returns </u></h2><h2><u>Bank Statements</u></h2>

Explanation:

<em>Hope this helps :)  </em>

<em>Pls make brainliest :3  </em>

<em>And have an amazing day <3</em>

4 0
3 years ago
Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to help you pay for col
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Answer:

The answer is D

Explanation:

6 0
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