Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $3.50 , and the equilibrium quantity is 29.0 . When the price is $11.75 , the quantity supplied of motorcycles is 57.0 and the quantity supplied of pancakes is 111.0 . For simplicity of analysis, the demand for both goods is the same.
Answer:
a. 1.08
b. Supply in the market for motorcycles is less elastic than supply in the market for pancakes.
Explanation:
Note: This question is not complete. The complete question is therefore provide before answering the question as follows:
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $3.50 , and the equilibrium quantity is 29.0 . When the price is $11.75 , the quantity supplied of motorcycles is 57.0 and the quantity supplied of pancakes is 111.0 . For simplicity of analysis, the demand for both goods is the same.
a. Using the midpoint formula, calculate the elasticity of supply for pancakes? Please round to two decimal places.
b. Supply in the market for motorcycles is:
o. less elastic than supply in the market for pancakes.
o. More elastic than supply in the market for pancakes.
o. There is no enough information to tell which will have a higher elasticity.
o. The same elasticity as supply in the market for pancakes.
The explanation to the answers is now given as follows:
a. Using the midpoint formula, calculate the elasticity of supply for pancakes? Please round to two decimal places.
The elasticity of supply for pancakes can be calculated as follows:
Percentage change in quantity of pancakes supplied = ((New supply - Old supply) / ((New supply + Old supply) / 2)) * 100 = ((111 - 29) / ((111 + 29) / 2)) * 100 = 117.142857142857%
Percentage change in price of pancakes = ((New price - Old price) / ((New price + Old price) / 2)) * 100 = ((11.75 - 3.5) / ((11.75 + 3.5) / 2)) * 100 = 108.196721311475%
Therefore, we have:
Elasticity of supply of pancakes = Percentage change in quantity of pancakes supplied / Percentage change in price of pancakes = 117.142857142857% / 108.196721311475% = 1.08268398268398 = 1.08
Therefore, the elasticity of supply of pancakes is about 1.08. Note that since the price elasticity of demand of about 1.08 is greater than 1, it implies that the relationship between the quantity supplied and the price of pancakes is elastic.
b. Supply in the market for motorcycles is:
This can be determined by calculating the elasticity of supply for motorcycles and compare it with that of pancakes follows:
Percentage change in quantity of motorcycles supplied = ((New supply - Old supply) / ((New supply + Old supply) / 2)) * 100 = ((57 - 29) / ((57 + 29) / 2)) * 100 = 65.1162790697674%
Percentage change in price of motorcycles = ((New price - Old price) / ((New price + Old price) / 2)) * 100 = ((11.75 - 3.5) / ((11.75 + 3.5) / 2)) * 100 = 108.196721311475%
Therefore, we have:
Elasticity of supply for motorcycles = Percentage change in quantity of motorcycles supplied / Percentage change in price of motorcycles = 65.1162790697674% / 108.196721311475% = 0.601832276250881 = 0.60
Therefore, the elasticity of supply of motorcycles is about 0.60. Note that since the price elasticity of demand of about 0.60 is less than 1, it implies that the relationship between the quantity supplied and the price of motorcycles is inelastic.
Conclusion:
Based on the calculation above, supply in the market for motorcycles is less elastic than supply in the market for pancakes.
The reason is that the relationship between the quantity supplied and the price of pancakes is elastic but the relationship between the quantity supplied and the price of motorcycles is inelastic.
The ABC Cleaning Company is assessing the value of its tangible and intangible assets. Its intangible assets would most likely include their _____.
Answer:
Intangible assets might include: A trademark, a patent, copyright, or even a brand.
Allied Parts was organized on May 1, 2013 and made its first purchase of merchandise on May 3. The purchase was for 1,500 units at a price of $11 per unit. On May 5 Allied Parts sold 900 of the units for $15 per unit to Baker Co. Terms of the sale were 2/10 n/60. a. On May 7, Baker returns 315 units because they did not fit the customers needs. Allied Parts restores the units to its inventory. b. On May 8, Baker discovers that 75 units are damaged but are still of some use and therefore, keeps the units. Allied Parts sends Baker a credit memorandum for $525 to compensate for the damage. c. On May 15, Baker discovers that 50 units are the wrong color. Baker keeps 54 of these units because Allied Parts sends a $110 credit memorandum to compensate. Baker returns the remaining 36 units to Allied Parts. Allied Parts restores the 36 returned units to its inventory.
Answer:
the requirements are missing, so I looked for them on similar questions. Journal entries need to be recorded regarding all the transactions with Baker Co.:
May 5, 2013, 900 units sold to Baker Co., credit terms 2/10 n/60
Dr Accounts receivable 13,500
Cr Sales revenue 13,500
Dr Cost of goods sold 9,900
Cr Inventory 9,900
a. May 7, 2013, Baker returns 315 units
Dr Sales returns and allowances 4,725
Cr Accounts receivable 4,725
Dr Inventory 3,465
Cr Cost of goods sold 3,465
b. May 8, 2013, sales allowance given to Baker to compensate damaged units
Dr Sales returns and allowances 525
Cr Accounts receivable 525
c. May 15, 2013, sales allowance given to Baker to compensate wrong color of 14 units
Dr Sales returns and allowances 110
Cr Accounts receivable 110
May 15, 2013, Baker returns 36 units
Dr Sales returns and allowances 540
Cr Accounts receivable 540
Dr Inventory 396
Cr Cost of goods sold 396
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
Which of the following describes interest compound on the principle, excluding previously earned interest?
a- future value
b- present value
c- simple interest
d- compunding
Answer:
c- simple interest
Explanation:
Simple interest is the interest attained on the principal amount only. It is expressed as a percentage of the principal amount. Because the principal amount does not change, and the interest rate remains constant, the simple interest amount is a constant figure throughout the investment life.
Simple interest contrast compound interest that earns interest on previously earned interest.
Suppose that TapDance, Inc.'s capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 14 percent. The appropriate weighted average tax rate is 21 percent. What will be TapDance's WACC?
Answer:
11.33%
Explanation:
Cost of debt (Cd) = 8% = 0.08
Cost of Equity (Ce) = 13% = 0.13
E = market value of firm's equity = 75% = 0.75
Market value of debt (D) = 25% = 0.25
Tax rate (T) = 21% = 0.21
WACC = (E/T0) *Ce + (D/T0) * Cd * (1-T)
= 0.75 * 0.13 + 0.25 * 0.08 * (1 - 0.21)
= 0.0975 + 0.0158
= 0.1133
= 0.1133 * 100%
= 11.33%
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
Which line of code will print I like to code on the screen?
O print("I like to code")
O print (I like to code)
O print("I LIKE TO CODE")
Oprint = I like to code
Helppp pleaseee
Answer:
the first one I think I'm not 100% sure tho
Answer:
O print(I like to code)
Explanation:
I do not know if it is correct though.
Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets
Answer:
O C. Buying and selling treasury securities
Explanation:
Through the Federal Reserve, the government employs monetary policy to influence the direction and speed of economic growth. Open market operations are part of the monetary policies. It entails the government buying or selling securities from commercial banks.
Monetary policies regulate the amount of money supply in the economy. When the government wants to increase the amount of money in the economy, it buys government securities from banks. The Fed deposits large sums of money to banks in exchange for the securities. The Banks lends the money to firms and households, therefore increasing money in the economy. The selling of securities by the Fed decreases the amount of money in the country.
Open market operations refer to the action by a central bank of (c.) buying and selling treasury securities. Option C
What is an open market?Open market operations can be defined as the action by a central bank of buying and selling treasury securities in order to influence the money supply and interest rates in the economy.
When a central bank buys treasury securities, it injects money into the economy, and this result in increase of the money supply and lower interest rates. When it sells treasury securities, it removes money from the economy, which can decrease the money supply and raise interest rates.
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What makes shopping at stores convenient? a. Easy to see and compare items. c. There are no crowds. b. There is a wider selection. d. Items are cheaper than online.
Answer:
A
Explanation:
Smokers impose negative externalities on nonsmokers. Suppose the airspace in a restaurant is a resource owned by the
restaurant owner.
a. How would the owner respond to the negative externality caused by smokers?
b. Suppose smokers own the airspace. How would that change matters?
c. If the government gives ownership of the air to nonsmokers, would that change matters? Explain your answer.
d. What does a ban on smoking in the restaurant do?
Diego wants to buy a dirt bike. He borrows a $7,999 simple interest loan from the bank
for 36 months at an interest rate of 9.7%.How much simple interest will he pay
Answer:
$ 2,327.709
Explanation:
Only the principal amount is considered when calculating simple interest. In simple interest, the principal amount remains constant. The formula for simple interest is as I = p x i x t
where I = interest
P = principal amount ...
i= interest rate
t= time
For Diego, p= $7,999, i= 9.7% , t 36 months or 3 years
Diego will pay
I= 7999 x( 9.7/100) x 3
I= 7999 x 0.097 x 3
Diego will pay $ 2,327.709
The demand and availability of an occupation is often referred to as what?
Answer:
Job outlook.
Explanation:
A job outlook is a forecast of how many jobs there are likely to be in a specific industry and how quickly that number is changing. An individual can consult a job outlook in order to help plan the future of his career.
Which of the following might vary in on online purchase depending on where the purchaser lives?
A. The quality of the object
B. The sales tax charged
C. The appearance of the item
D. The retail price of the item
Answer:
The sales tax
Explanation:
Type the correct answer in the box. Spell all words correctly.
In which closing technique does a salesperson respond to a customer's question with a counter question to close the sale?
In a __________ close, a salesperson's objective is to respond to a customer's question with a counter question that might help close
In a
the sale quickly
Answer:porcupine close
Explanation:
On page 23 of the Plato work
describe how supply and demand impact the cost of a good of service
Answer:
see below
Explanation:
Supply
Supply is the volume of a product or service that suppliers are willing to sell at the market at the stated price. The quantities supplied have a direct impact on the price of the product or service. The ideal volume is the equilibrium quantity, where there is no excess or short supply. Both sellers and buyers are happy with the price at the equilibrium quantity.
Should supply exceed equilibrium quantity, there is an excess supply in the markets. Many suppliers try to sell to a few buyers. Consequently, the prices decrease. When supply is below the equilibrium quantity, it causes a shortage in the market. As buyers compete for the few available products and services, prices increase.
Demand
Demand refers to the quantities that buyers are willing to purchase at a given price in a period. There exist a direct and proportionate relationship between the demand and price of a product or a service. An increase in demand causes the price to rise. When the demand falls, the prices decline.
What aspects of managing your account were probably more difficult before online banking was available?
Answer:
One of the main advantages of online banking is that you can access information about your account immediately and from anywhere. Before online accounts were available, you had to go to a bank or ATM on some specific cases if you wanted to carry out any type of transaction, e.g. pay a service or transfer money. Online accounts make it less likely for a person to go to a bank, e.g. in order to get a loan, I did it all online, I didn't even need to go to the bank.
Phishing, Identity Theft, Keylogging, and Pharming were arguably more difficult aspects of maintaining your account before internet banking was available.
Online bankingOnline banking, often called the internet banking, online banking, or home banking, is just an electronic account that allows bank or other commercial bank customers to execute a variety of financial transactions through the institution's website.
Prior to the availability of online banking, managing the account was undoubtedly more complex. Aspects are as follows:
PhishingIdentity TheftKeyloggingPharmingFind out more information about online banking here:
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Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and identify potential markets besides the public education systems. What is the order it should follow to take in the market targeting process?
Answer: B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
Explanation:
The options for the question are:
A) research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
C) profile target customer segment, identify business needs, segment total market, research and validate marketing opportunity
Market targeting simply has to do with selecting target market from whole market and it should be noted that target market are the people that company or organization wants to satisfy.
In the scenario above, the first thing is to identify business needs. Every successful company has to identify its business needs. After then, market segmentation takes place and this is when potential customers are being divided into segments or groups as a result of the features they possess like location and interests.
After then, the target customer segment are being profiled. This is done in order to know more about the customers and to also tailor the products towards the requirements of the segments. Lastly, the marketing opportunity is being researced and validated.
Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a 1 percent real return per year. Instructions: Enter your responses as as whole numbers. a.The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 117 in one year and 136.9 in two years. What nominal rate of interest should Frank charge Sarah? The nominal rate of interest charged should be %. b. Suppose Frank and Sarah are unsure what the CPI will be in two years. How should Frank index Sarah's annual repayments to ensure that he gets an annual 1 percent real rate of return. Frank should charge Sarah % the inflation rate.
Answer:
a) 18%
b) if Frank and Sarah are unsure about future inflation rate, they can agree on a variable interest rate. For e.g. this year the inflation rate was 17%, so the interest charged is 18%. If next year the interest rate is 15%, then the interest charged should be 16%.
the formula that they can use to calculate inflation rate is:
for calculating the first year's inflation rate = [(CPI₁ - CPI₀) / CPI₀] x 100for calculating the second year's inflation rate = [(CPI₂ - CPI₁) / CPI₁] x 100Explanation:
principal $1,000
real return = 1%, that means that Frank will earn inflation rate + 1%
since the CPI increases by 17% every year, then Frank must charge 17% + 1% = 18%
Select the qualification that is best demonstrated in each example. Clyde explains the equipment installation process to a customer. Meredith picks up a heavy stereo and puts it in place on a shelf. Brittney figures out what is wrong with a phone line that is not working.
Answer:
D, A, D
Explanation:
dad lol
Answer:
D
A
D
Explanation:
your welcome
What should you do in the following scenario?
You are in your first position as a social worker. During a home visit, you start to suspect the client might be considering harm to herself. You know that what a client shares is to remain confidential.
take the client to a therapist
keep the information confidential
report the situation to your supervisor
report the situation to a member of the family
Answer:
D
Explanation:
Answer:
d report the situation to a member of the family
Explanation:
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
PLZ help
Why must people make choices about which goods to produce and consume? Select three options.
Consumption is difficult.
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Not enough people are producers.
Answer:
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Explanation:
Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.
This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.
On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.
Answer:B,C,D
Explanation:
Discussion Question 1-9 (LO. 4) The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: Organization/Company Offer Proposed Use The State's Department of Public Safety (DPS) $2.3 million New state highway patrol barracks The Second Baptist Church $2.2 million Start a church school Baker Motors $2.1 million Open a car dealership If you are the financial adviser for the school district, which offer would be probably be preferable from a long-term financial standpoint? would probably be preferable since it would be subject to ad valorem taxes.
Answer:
The Adams Independent School District
Preferable offer for the sale of a parcel of unimproved land:
Baker Motors $2.1 million to open a car dealership
Explanation:
a) Data:
Organization/Company Offer Proposed Use
The State's Department
of Public Safety (DPS) $2.3 million New state highway patrol barracks
The Second Baptist
Church $2.2 million Start a church school
Baker Motors $2.1 million Open a car dealership
b) From a long-term perspective, the probably preferable offer is the Baker Motors $2.1 million to open a car dealership. It is a business whose sales will be subject to ad valorem taxes, which will yield income for the local and state governments, who fund the School District.
Please help me answer the questions
Problems within the business is called
risk.
O compliance
operational
O financial
strategija
Which of the following are discriminatory reasons to lose your job? Check all of the boxes that apply.
The company is closing.
Your new boss does not share your religious views.
You were deployed by the Army National Guard.
You are always late to work and sometimes do not show up at all.
Answer:
Your new boss does not share your religious views
Explanation:
the second one
Answer:
It was 2 and 3
Explanation:
I just did it
how many types off cars is there in the wrld
more than 400 different models
Answer:
999 different types of cars in the wrld
Explanation:
A plant nursery is having a sale. Potted begonias are marked down 27%, and tomato seedlings are marked down 35%. If you pay $6.57 each for two potted begonias and $2.60 each for three tomato seedlings, how much did you save? a. $3.83 b. $5.31 c. $6.92 d. $9.06 Please select the best answer from the choices provided A B C D
Answer:
d. $9.06
Explanation:
Potted begonias were purchased at $6.57 each. It means that $6.57 represents the original price less 27% discount.
$6.57 equal to 73% of the original price.
The original price is $6.57/73 x 100
=0.09 x 100
=$9.
Tomato seedlings cost $2.60 each.
$2.60 represents the original price less 35% discount
$2.60 is the equivalent of 65% of the original price.
100 % = 2.60/65 x 100
=0.04 x 100
=$4
Total savings will be as follows.
Each Potted begonias saves $9 - $6.57= $2.43
two potted begonias save $2.43 x 2 =$4.86
Each tomato seedlings saves $4-$2.60= $1.40
Three tomato seedling will save = $1.40 x 3 = $4.2
Total savings will be $4.86 + $4.2= $9.06
Answer:
D on ED2021
Explanation:
Got it right 2021 ED
Economic sanctions are more restrictive than trade sanctions
True or False