Answer:
-0.10
Explanation:
To calculate this, we us the formula for calculating elasticity of demand (E) relevant for the demand equation as follow:
E = (P / Q) * (dQ / dP) .............................. (1)
Where,
Q = 30
P = 90
E = -0.3
dQ / dP = b = ?
We then substitute all the value into equation (1) and have:
-0.3 = (90 / 30) * b
-0.3 = 3 * b
b = -0.3 /3
b = -0.10
Therefore, appropriate value for the price coefficient (b) in a linear demand function Q is -0.10.
NB:
Although this not part of the question, but note that how the linear demand function will look can be obtained by first solving for the constant term (a) as follows:
Q = a - 0.10P
Substituting for Q and P, we can solve for a as follows:
30 = a – (0.1 * 90)
30 = a – 9
a = 30 + 9 = 39
Therefore, the linear demand equation can be stated as follows:
Q = 39 – 0.1P
Answer:
A. Nonprogrammed; reflective; programmed; reactive
Explanation:
Programmed decisions are those which occur more frequently and are quickly executed, almost instinctly, without needing much of a thought process, by what we call the reactive system.
Nonprogrammed decisions are those that present unusual or new situations and require a deeper reflection and understanding of the issue. Those are processed via the reflective system in the brain.
Therefore, the correct answer is A. Nonprogrammed; reflective; programmed; reactive
Answer:
1) $736
2) $24
3) Total compensation for direct labor = $736 -$24 = $712
Overhead = $24
Explanation:
(1) Normal wages for the week = Normal hours * normal hourly rates
= 40 hours * $16 per hour = $640
Overtime hours = Total time - Normal hours = 44 - 40
= 4 hours
overtime wages = overtime hours * overtime hourly rates
= 4 hours * $24 = $96
Operators compensation for the week = $640 + $96
= $ 736
(2) Employee's total overtime premium
= (overtime rate - normal time rate) * (Total hours - normal hours)
= ($24 - $16) *(44 - 40)
= ($8) * (4)
=$24
(3) Total compensation for direct labor = $736 -$24 = $712
Overhead = $24
Answer: $8.50
Explanation:
Price Outstanding Value
Total Shares 15 150,000.00 $2,250,000.00
Right Price 2 150,000.00 $300,000.00
Total Shares and Value 300,000.00 $2,550,000.00
Ex rights Price = $2,550,000/300,000 = $8.5
