Answer and Explanation:
The classification is as follows:
a. In the case when the quantity demanded is more than the price so it is a price elastic demand
b. In the case when the change in price of 1% lower than the change in quantity demanded so it is price inelastic demand
c. And, in the case where there is a change of 1% in a price that generated the 1% change in quantity demanded is unit elastic demand
The cost per unit is $390.
The total cost of producing 2,000 units is $780,000.
<h3>What is the total cost?</h3>
The cost per unit is known as the average cost of production. In order to determine average cost, divide the total cost by the total unit produced.
Average cost = total cost / total unit
$390,000 /1000 = $390
The total cost of producing 2000 units = average cost x number of units
$390 x 2000 = $780,000
To learn more about average cost, please check: brainly.com/question/15071280
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Answer:
OPTION C i.e 11%
Option A i.e 30.55 year
Explanation:
we know that capital can be calculated as
from the data given in question we can calculate the value of r
so
solving for r we get
r = 11%
option C
we know that
from the data given we can evealueate the value of n
solving for n we get
n = 30.55 year.
Option A
Three numbers are in the ratio of 3:5:7. If the largest number is multiplied by 3, the result is 26
more than the sum of the first and second numbers. Find the numbers
Answer:
Walking to the convenience
store to buy a snack.