Answer:
1. 516 ppm; 2. 561 ppm
Step-by-step explanation:
1. CO₂ increase at old rate
Time = 2100 - 2010 = 90 years
Increase in CO₂ = 90 yr × (1.4 ppm/1 yr) = 126 ppm
CO₂ in 2010 = 390 + 126 = 516 ppm
At the old rate, the CO₂ concentration in 2100 will be 516 ppm.
2. CO₂ increase at new rate
Time = 2100 - 2010 = 90 years
Increase in CO₂ = 90 yr × (1.9 ppm/1 yr) = 171 ppm
CO₂ in 2010 = 390 + 171 = 561 ppm
At the new rate, the CO₂ concentration in 2100 will be 561 ppm.
The price elasticity of demand of the pen will be -0.2.
<h3>How to compute the elasticity?</h3>
The demand and supply schedule will be:
Price Qd. Qs
$10. 250. 100
$20. 200. 90
$30. 180. 80
The price elasticity of demand from $1 to $2 will be:
= Percentage change in quantity demanded/percentage change in price
Percentage change in quantity demanded will be:
= (200 - 250)/250 × 100
= -20%
Percentage change in price will be:
= (20 - 10)/10 × 100
= 100%
Therefore, the elasticity of demand will be:
= -20/100
= - 0.2
The value gotten illustrates an inelastic demand.
In order to increase the total revenue, the price can be reduced as it will lead to more sales.
Learn more about PED on:
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<u>Complete question:</u>
Choose any product or service. Create the demand and supply schedule.
Calculate just one PED.
Is the demand elastic or inelastic?
What price change would you recommend to increase TR?
Answer:
8
Step-by-step explanation:
Answer:
$52.50
Step-by-step explanation:
Lets use V for Veggie, and H for Ham.
V=4
H=4.50
She is getting 12 sandwiches, and Every 3 H, she buys one V.
So, the order of her buying the sandwiches would be:
H H H V H H H V H H H V
9 H and 3 V
9*H=40.5
3*V=12
40.5+12= $52.50
