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OlgaM077 [116]
3 years ago
11

You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 0.8. if you want to increa

se your sales quantity by 10 percent through a price change, what should you do to price?
Business
1 answer:
kirill [66]3 years ago
5 0

Answer:  To increase sale by 10%, the seller must lower the price of the good by 12.5%.

Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,

e_{d}=\frac{Precentage change in quantity demanded}{Percentage change in price}  -0.8=\frac{10}{Percentage change in price}  Percentage change in price = -\frac{10}{0.8}  Percentage change in price = -12.5

Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.

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Answer:

Explanation Below.

Explanation:

By Selling the property, the company gains cash from the sale, and also has been using the land for the business.

Land does not depreciate in accounting terms, however, it will depend on the market value of the land. In most cases the land will appreciate and have a greater value each year.

When the accountant states that selling the asset gives the seller "the best of both worlds" the accountant is referring to selling the land for a greater value than purchased and now the cash can be used to purchase another asset that will also bring value to the company.

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3 years ago
The difference between the basic EOQ model and the production order quantity model is that
Svetradugi [14.3K]

Answer:

C. the production order quantity model does not require the assumption of instantaneous delivery.

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Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.

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7 0
3 years ago
At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages.
Tom [10]

Answer:

quantity demanded equals quantity supplied

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When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

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3 years ago
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vovangra [49]

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The correct answer is letter "B": Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.

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