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3 years ago

If the price elasticity of supply is 0.5 and the quantity supplied decreases by g 6%, then the price must:_______

Business

1 answer:

vova2212 [387]3 years ago

8 0

Answer: Price decreased by 12%

Explanation:

Price elasticity = %Change in quantity / % change in price

0.5 = 6% / % change in price

0.5 * % change in price = 6%

% change in price = 6%/0.5

% change in price = 12%

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Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's

katrin2010 [14]

Answer:

$50,820

Explanation:

Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense

= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit

Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit

Selling price per unit for special order = $77.40 per unit

Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit

Number of units for Special order = 2,100 units

Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820

Hope this helps!

7 0

4 years ago

How did whirlpool use capabilities of text analytics to better understand their customers and improve product offerings?

77julia77 [94]

Whirpool use the competences to enhanced their understanding of their customers and develop product offerings by as we know that Whirpool Corporation takes a cooperative approach to social media networks, with the Digital Marketing, Public Relations, and Customer Care teams all concerted effort to make available a reliable and trustworthy brand voice to its customers.

5 0

3 years ago

HELP!!!

Anarel [89]

Answer:

About 250 ; 2000 bicycles

Explanation:

Opportunity cost simply means the loss incurred on a certain option when the alternative opruoonos chosen.

The opportunity cost of increasing shoe production from 10,000 to 20,000 pairs

The value of 20,000 (x axis) on the y axis is about 3750

Value of point A in the y - axis = 4000

Hence opportunity cost = (4000 - 3750) = 250 bicycles

B.)

The opportunity cost of increasing shoe production from 50,000 to 60,000 pairs

The value of 60,000 (x axis) on the y axis is about 0

Value of point B in the y - axis = 2000

Hence opportunity cost = (2000 - 0) = 2000 bicycles

3 0

3 years ago

If an international firm has a multidomestic strategy and a relatively high level of product diversity, the best choice for its

natali 33 [55]

If an international firm has a multi domestic strategy and a relatively high level of product diversity, the best choice for its organizational structure is a(n) worldwide matrix structure.

Despite having their headquarters abroad and having profit centres in other locations, international companies nonetheless keep sizable interests there. US laws often govern parent company operations and governance, and GAAP is typically followed in parent company accounting.

Apple. In the 1970s, Steve Jobs, Steve Wozniak, and Ronald Wayne formed Apple Inc., which is now regarded as one of the most significant International corporations. Apple is a global manufacturer, developer, and retailer of software, streaming, and online services with headquarters in the US.

Learn more about International corporations here

brainly.com/question/494475

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3 0

2 years ago

A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep

nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

6 0

3 years ago