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2 years ago

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When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is

1 answer:

just olya [345]2 years ago

8 0

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

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Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals i

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140 luncheons, 160 dinners

Explanation:

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A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

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Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

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2 years ago

Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below

posledela

Answer:

60,000 units

Explanation:

January February

Budgeted production 50,000 60,000 (4)

Raw materials per unit 2 pounds 2 pounds

Raw materials needed 100,000 120,000 (3)

Add: Ending raw materials 36,000 (2) 48,000

Raw materials available 136,000 (1) 168,000

Less: Beginning raw 30,000 36,000

materials

Budgeted raw materials 106,000 132,000

Note:

1. Budgeted raw materials for January = Raw materials available - Beginning raw materials

106,000 = Raw materials available - 30,000

Raw materials available = 106,000 + 30,000 = 136,000 pounds

2. Raw materials needed + Ending raw materials = Raw materials available

100,000 + Ending raw materials = 136,000

Ending raw materials = 136,000 - 100,000 = 36,000

3. As the company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs, the raw materials needed for the month of February -

Ending raw materials for January = Raw materials needed for February × 30%

or, 36,000 = Raw materials needed for February × 30%

Raw materials needed for February = 36,000 ÷ 30%

Therefore, Raw materials needed for February = 120,000

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Budgeted production = Raw materials needed ÷ Raw materials per unit

Budgeted production = 120,000 ÷ 2 pounds = 60,000 units

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2 years ago

Which example best describes how a bank injects money into the economy? A bank opens a savings account for a customer. A bank ap

USPshnik [31]

Answer:

The correct answer would be option B, A bank approves mortgage for a customer.

Explanation:

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