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shepuryov [24]
2 years ago
13

Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity demanded falls from 800 to 6

00 reams per day. Using the midpoint formula, what is the price elasticity of demand (in absolute value) over this range? Group of answer choices
Business
2 answers:
Butoxors [25]2 years ago
8 0

Answer:

2.43

Explanation:

Given that

P1 = 4

P2 = 4.50

Q1 = 800

Q2 = 600

Recall that

Using midpoint formula

% change in quantity = [Q2 - Q1/(Q2 + Q1) ÷2] × 100

= 600 - 800/600 +800 ÷ 2 × 100

= -200/700 × 100

= 28.57%

% change in price = [P2 - P1/(P2 + P1) ÷ 2] × 100

= 4.50 - 4/4.50 + 4 ÷ 2 × 100

= .50 / 4.25 × 100

= 11.76%

Price elasticity of demand = %change in quantity ÷ % change in price

= 28. 57 ÷ 11.76

= 2.429

= 2.43

Tju [1.3M]2 years ago
7 0

Answer: The answer is -2.42

Explanation:

P1 = $4 Q1 = 800

P2 = $4.50 Q2 = 600

Using the midpoint formula, we have:

For price:

P2 - P1/(P2 + P1)/2

= 4.5 - 4/(4.5 + 4)/2

= 0.5/4.25

= 0.12

For quantity:

Q2 - Q1/(Q2 + Q1)/2

= 600 - 800/(600 + 800)/2

= -200/700

= -0.29

Price elasticity of demand = change in quantity/change in price

= -0.29/0.12

= -2.42.

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5 0
2 years ago
Using a $ sign before a column label ________.
Licemer1 [7]

Answer:

The alignment of the choices are off but here's the explanation for solving this question below;

Explanation:

Using a $ sign before a column label, keeps the reference to column fixed,

but allows the row reference to change. Generally, putting a dollar sign ($) before a column label or row label  puts an absolute reference to that respective column or row while keeping the other changing. For example;

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6 0
2 years ago
Match the scenarios to the type of income earned based on the categories of the income approach.
Dmitry [639]

Answer:

1. Compensation of employees

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2. Corporate Profits

Noah Count,Inc ., recently paid out dividends to stakeholders.

3. Proprietor's income

Exterminator plus is an owner owned business.

4. Miscellaneous Adjustments

Noah Count Inc collects $2000 in sales taxes every month

5. Net Interest

Bugs B Dead, Inc., pays it's mortgage promptly every month

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2) Corporate profits also called net profit is a measure of financial performance that indicates earnings after expenses and other deductions made.

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anygoal [31]

Answer:

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In the first instance, the question is misspelled. It seems to be a product of the transcription of an image. By googling the text, you can find the images that are attached where the problem arises.

Taking into account the above, let's work on the problem found.

First of all, the implied earnings yield is given by:

E_{year} = \frac{(earnings-per-share)}{price-per-share}

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which we can express in percentage terms as:

E_{year}=4.1 %\\

So, the answer is the option 2=4.1%.

8 0
2 years ago
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