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My name is Ann [436]
3 years ago
14

Suppose that an increase in the price of melons from $0.50 to $1.50 per pound increases the quantity of melons that melon farmer

s produce from 2 million pounds to 4 million pounds. The price elasticity of supply in this case indicates that supply is Group of answer choices
Business
1 answer:
zaharov [31]3 years ago
4 0

Answer: elastic

Explanation:

The price elasticity of supply will be:

The percentage change in price will be:

= (1.50 - 0.50)/0.50 x 100

= 1.00/0.50 × 100

= 200

The percentage change in quantity will be:

= (4 -2)/2 x 100

= 2/2 × 100

= 100

Elasticity = % change in quantity/% Change in Price = 200/100 = 2

Since elasticity = 2, this indicates supply is elastic as it's greater than 1.

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nordsb [41]

Answer:

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5 0
3 years ago
Which of the following are correct concerning customer background and financial information, according to options exchange rules
Sever21 [200]

Answer:

(D) I, II, and III

Explanation:

1. Financial information which the customer supplies must be verified by the broker/dealer within 15 days after the account has been approved for options transactions.

2. If the firm becomes aware of material changes concerning existing customers, a copy of background and financial information on file must be sent to the customer within 15 days after the firm becomes aware of the change.

3. This information must be sent to the customer by the firm for verification within 15 days after the account is approved for options transactions unless it is contained in the customer's account agreement.

3 0
4 years ago
Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about purchasing his LLC interest. Bob's outside basis in
Vlad [161]

Answer:

$19,500

Explanation:

Given that,

Bob's outside basis in Freedom, LLC, = $10,000

One-fourth share of the LLC's debt = $2,500

Bob's 704(b) capital account = $17,000

Tom bought Bob's LLC interest = $17,000

Tom's outside basis be in Freedom, LLC:

= Amount paid for interest + share of LLC’s Debt

= $17,000 + $2,500

= $19,500

5 0
3 years ago
Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,9
Anna71 [15]

Answer:

Borrow $6,300.

Explanation:

The company has $10,100 cash at the beginning of June

and anticipates $31,900 in cash receipts

and $38,300 in cash disbursements during June.

This gives a positive balance of (10,100 + 31,900 - 38,300) $3,700 and

To maintain the $10,000 required balance, during June the company must:Borrow $6,300.

8 0
3 years ago
Read 2 more answers
A certain organization trying to decide where to locate their future factory is considering three locations. They are taking int
Llana [10]

Answer:

SITE A

Explanation:

Given :

FACTOR___ WEIGHT _SITE A_ SITE B _SITE C

Labor Cost __ 0.25 _____92 ____82____ 84

Curr Stability _ 0.35 _____75 ___ 85____ 88

Prox Market __ 0.30 ____ 80 ____50 ___ 60

Taxes _______ 0.10 _____69 ___ 88 ___ 91

SITE A:

(0.25 * 92) + (0.35*75) + (0.30*80) + (0.10*69) = 80.15

SITE B :

(0.25 * 82) + (0.35*85) + (0.30*50) + (0.10*88) = 74.05

SITE C :

(0.25 * 84) + (0.35*88) + (0.30*60) + (0.10*91) = 78.90

Using the weighed factor model;

The based site for locating the facility is SITE A as it has the highest weighted value

4 0
3 years ago
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