1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elis [28]
3 years ago
8

Find the slope of an assumed linear demand curve for garri, when Mr. Anthony purchase 1000 quantities at N200 per plastic and 50

0 quantities at N350 per plastic?
Business
1 answer:
Gekata [30.6K]3 years ago
8 0
The linear demand curve is of the form
Q = a - bP
where
Q = quantity
P = price
b = the slope, the rate of change of price with respect to demand
a= the intercept (when the price is zero).

When Q = 1000, P = N200, therefore
a - 200b = 1000           (1)
When Q = 500, P = N350. Therefore
a - 350b = 500            (2)

Subtract (2) from (1).
150b = 500
b = 3.333

The slope is usually negative but it is expressed as ΔP/ΔQ, that is
(Absolute change in price) / (absolute change in quantity).

Answer: 3.33

You might be interested in
Pal Corp.'s 2004 dividend income included only part of the dividend received from its Ima Corp. investment. The balance of the d
VashaNatasha [74]

Answer:

Fair Value method, and only a portion of Ima's 2004 dividends represent earnings after Pal's acquisition.

Explanation:

The part of the dividend that reduce the carrying value of the investment can be said to be a liquidating dividend. Liquidating dividend is said to have occurred when the payment made by the investee is higher than the income that was earned in the course of the period in which the shares of the investee was owned by the investor.

On the other hand, the cost method treats liquidating dividends as spend or reduction in the investment account and treats normal dividend as income. Hence it is impossible for the firm to use equity method.

This is because dividend are seen as a reduction in investment account under the equity method. This means that dividends received cannot be taken as income in this method, hence C and D are wrong.

7 0
3 years ago
Company P has owned 80 percent of Company S for a number of years. This year Company P bought inventory for $100,000 and sold it
Vesna [10]

Answer:

don't know

Explanation:

3 0
2 years ago
A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
sergiy2304 [10]

Answer:

e. 10,500 units.

Explanation:

<em>the equivalent units of production - direct materials</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

<em>the equivalent units of production - conversion costs</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

5 0
3 years ago
A furniture company is producing two type of furniture. Product A requires 8 board feet of wood and 2 Ibs of wicker. Product B r
Blizzard [7]

Answer:

Maximize 30A + 40B.

Explanation:

Given that

Profit margin of product A = $30 per unit

And, the Profit margin of product B = $40 per unit

And, let us assume that

Number of product A produced is A

And, the Number of product A produced is B

So, the total profit is

= 30A + 40B

And, this reflects the maximum profit

All other information which is not given is not relevant. Hence ignored it

7 0
3 years ago
What are three key pieces of information that you can retrieve from the new car labels?.
andreev551 [17]

The  three key pieces of information that you can retrieve from the new car labels are: exterior and interior color, engine and transmission combination, the model year and trim level of the vehicle.

<h3>What is labels?</h3>

Labels can be defined as a paper attach to a products or an item that contain information which help to describe a  products.

Them three key pieces of information that a person can tend to  retrieve from the new car labels are:

  • Engine and transmission combination
  • Exterior color and interior color
  • Car model year and trim level of the vehicle

Learn more about labels here:brainly.com/question/27992495

#SPJ1

4 0
2 years ago
Other questions:
  • 6. Assume that as of August 1, 3,000 units of flat panel displays have been produced and sold during the current year. Analysis
    12·1 answer
  • Which of the following statements about social media is FALSE? Multiple Choice Social media can lead to hiring discrimination by
    7·1 answer
  • Marco creates a budget for himself. He would like to buy ice cream once a week, but doesn't have enough money to do so in his cu
    6·2 answers
  • Marion Klatt, CFA, is a representative for Thiel Financial Network. Klatt received a phone call at home from William Kind, a jun
    14·1 answer
  • TRUE OR FALSE. The amount of stock a person owns determines the strength of his or her voting power. (if correct, will receive B
    5·1 answer
  • only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical
    9·1 answer
  • Altima, Inc. finished Job A40 on the last working day of the year. It utilized $ 360 of direct materials and $ 2 comma 030 of di
    6·1 answer
  • Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activit
    7·1 answer
  • If everyone using the same equipment performs poorly, the tendency is to attribute any one person’s poor performance to ________
    15·1 answer
  • In the first quarter of operation, the Blending Department of ChemUSA produced 50,000 barrels of Compound X and left 20,000 barr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!