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TiliK225 [7]
2 years ago
6

If the demand for apples is elastic, then a 5 percent increase in the price of apples will result in

Business
1 answer:
RUDIKE [14]2 years ago
3 0

Answer:

If the price elasticity of demand for apples is 0.6, then a 5.0% increase in the price of apples will decrease the quantity demanded of apples by 3.0%, and apples sellers' total revenue will increase as a result.

Explanation:

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A firm has the following accounts and financial data for 2007:
Oksi-84 [34.3K]

Answer:

The correct answer is $302.40.

Explanation:

According to the scenario, the computation can be done as:

To calculate firms' earning first we less cost of goods and total operating expenses from sales revenue:

= $3,060 - $1,800 - 600

= $660

Now we deduct the interest expense, then

= $660 - $126

= $534

Now we deduct tax rate, then

= $534 × $213.60    ( $534× 40%)

= $320.40

Now we finally deduct the dividends to get the firm's earning to common shareholder's, then

= $320.40 - 18

= $302.40

Hence, the firm's earning to common shareholder's is $302.40.

5 0
4 years ago
The key feature of this circular flow is the _______________.
Nat2105 [25]

Answer:

h o u s e h o l d

Explanation:

6 0
3 years ago
Tyrell bought a house for $186,500. He has a 30 year mortgage with a fixed rate of 6. 5%. Tyrell’s monthly payments are $1,060
Yakvenalex [24]

Based on the information given the down payment is:b. $18,650.

<h3>Down payment:</h3>

First step is to calculate the loan:

Laon=Monthly payment[1-(1+r)^-n]/r

Loan=$1,060.93[1-(1+0.065/12)^-360]/(0.065/12)

Loan=$1,060.93×158.210819537

Loan= 167,850

Second step is to calculate the down payment:

Down payment = House price - Mortgage

Down payment =$186,500 -$167,850

Down payment =$18,650

Inconclusion  the down payment is: b. $18,650.

Learn more about down payment here:brainly.com/question/26173748

3 0
3 years ago
John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of
andre [41]

Answer:

A. Increasing Marginal Utility  B.  Yes, John will spend

Explanation:

Total Utility is the total satisfaction from all units of consumption

Marginal Utility is additional satisfaction from an additional consumption unit.

Coca Cola    TU         MU

1                   10         10

2                   25        15 (25-10)

3                   50         25 (25-15)

John's Marginal Utility is increasing each time in succeeding unit over its preceding unit.

b. John having $3, price of a coke = $1: will be willing to spend 1st 2nd & 3rd dollar on coke consumption because - its gainful for him (MU > P) each time.

8 0
3 years ago
Allison Cobb sells homemade knit scarves for $ 25 each at local craft shows. Her contribution margin ratio is 60​%. ​Currently,
Oksanka [162]
<h2><u>Answer</u>:  Break-Even point ( in units)= Fixed Costs ÷ (Sales price per unit – Variable costs per unit) </h2>

Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee​ costs.

<h2><u>Explanation</u>:</h2>

Formula :

Break-Even point ( in units)= Fixed Costs ÷ (Sales price per unit – Variable costs per unit)

Given, Price of knit scarves = $25

Contribution margin ratio = 60%

Contribution margin per unit = (Price of knit scarves) x (Contribution margin ratio )

= $(25 x 0.60 )

= $15

Current entrance fees = $900

Percentage in increase in entrance fees = 10​%

Increase in entrance fees = 10% of  $900 = $90

Extra scarves to be sold =\dfrac{\text{Increase in extrnace fees}}{\text{Contribution margin per unit}}

\\\\=\dfrac{90}{15}=6

Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee​ costs.

7 0
3 years ago
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