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3 years ago

What is the price elasticity of supply when the price rises from $2 to $4

1 answer:

5 0

To calculate PES u also need to give the change in quantity supplied.(which isn’t there in the question)
But the formula is

PES = %change in quantity supplied / % change in price

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

solong [7]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. 

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 85,400/2,440= $35

Absorption costing income statement:

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

8 0

4 years ago

What causes unemployment post-keynesianism?

Harlamova29_29 [7]

Answer:

involuntary employment

Explanation:

The Post-Keynesianism view is that effective demand is the main determinant of economic performance.

Thus, Keynesianism states that in an economy where there is a significant reduction in demand, it will affect the labor market which further leads to lower wages.

For example, an airline that has 100 workers is experiencing a sharp decline in demand (of flight bookings) because of a government lockdown may decide to cut down their staff capacity ad a result. leading to involuntary employment.

4 0

3 years ago

you plan to deposit $1,500 quarterly for 35 years at 7% interest, compounded monthly. how much will you have in the account in 3

VikaD [51]

After 35 years, you will have $911,053.82 in the account.

This is based on a quarterly deposit of $1,500 per year for a period of 35 years at 7% interest, monthly compounded.

Data and Calculations:

Quarterly Deposit = $1,500

Number of years = 35 years

N (# of periods) = 140 (35 x 4)

I/Y (Interest per year) = 7% (0.583% per month)

PV (Present Value) = 0

Quarterly PMT (Periodic Payment) = 1500

P/Y (# of periods per year) = 4

C/Y (# of times interest compound per year) = 12

PMT made at the of each period

Results:

Future Value = $911,053.82

Sum of all periodic payments = $210,000.00 ($1,500 x 140)

Total Interest = $701,053.82 ($911,053.82 - $210,000)

Thus, after 35 years, the account will have a balance of $911,053.82.

Learn more: brainly.com/question/17028320

7 0

2 years ago

Identify the following as a fixed asset (FA), or intangible asset (IA), natural resource (NR), or none of these (N). a. Computer

julsineya [31]

Answer:

a. Computer - fixed asset

b. Patent - intangible asset

c. Oil reserve - natural resource

d. Goodwill - intangible asset

e. U. S. Treasury note - none of these (N)

f. Land used for employee parking - fixed asset

g. Gold mine - natural resource

Explanation:

Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:

Goodwill
Patent
Trademarks
copyrights

a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.

A natural resource is a substance that occurs in nature that can be used to generate economic profit.

5 0

3 years ago

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Custo

Iteru [2.4K]

Answer:

d. $90,000, $60,000, $30,000 respectively.

Explanation:

The computation of price allocated is shown below:-

Ratio of values $90,000 : $60,000 : $30,000

= 3 : 2 : 1

Total cost = $180,000

Equipment = $180,000 × 3 ÷ 6

= $90,000

Installation= $180,000 × 2 ÷ 6

= $60,000

Training = $180,000 × 1 ÷ 6

= $30,000

Therefore the Equipment, Installation, Training is $90,000, $60,000, $30,000 respectively.

7 0

3 years ago