answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
2 years ago
9

When the price of a slice of pizza is $1.75, quantity demanded is 400. when the price per slice falls to $1.50, quantity demande

d increases to 600. what is the absolute value of the price elasticity of demand?
Business
1 answer:
Karolina [17]2 years ago
7 0
The absolute value of the price elasticity of demand is -3.5 based on the information shown in the question above. This problem can be solved using the elasticity formula which stated as Ed = ((Q1-Q0)/Q0)% / ((P1-P0)/P0)%. In this formula, Ed is the elasticity of demand, Q1 is the current quantity, Q0 is the previous quantity, P1 is the current price, and P0 is the previous price (Calculation: -3.5 = ((600-400)/400)% / ((1.5-1.75)/1.5)%)<span>.</span>
You might be interested in
Bailey notices that her typically soft-spoken movie theater supervisor has been yelling at her and several of her coworkers. she
Licemer1 [7]
The speculation<span> that Baily's problems at home may be impacting her supervisor's work relationships</span> best illustrates the principle that communication is systemic. 
<span>According the systemic view a different message which is created when various individuals interpret message in their own way and then reinterpret it and different message is created. </span>
5 0
2 years ago
Owen inc. has a current stock price of $15.00 and is expected to pay a $0.80 dividend in one year. if owen's equity cost of capi
Ber [7]

As it is known that future cash flows are risky in nature so it is not possible to discount them at risk free rate. So investor must discount the future cash flows based on the equity cost of capital. It is the expected return of the other investments available in the market with same kind of risk to the firm’s share.

Price of the stock can be found by using the cost of equity equation which is as follows:

Po = Div_1 + P_1 / 1 + r_E

$15 = 0.8 + X / 1.12

X = $16

So the expected selling price of the stock is $16.00

4 0
2 years ago
Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
soldi70 [24.7K]

Answer:

5,182 Units

Explanation:

The computation of additional units is given below:-

Operating income = Contribution Margin Per unit × Units - Fixed cost

= ($4.50 - $1.75) × 29,000 - 8,500

= $71,250

Operating income is increased by 20%

Operating income = $71,250 × 1.20

= $85,500

So, per units

$85,500 = ($4.50 - $1.75) × Units - 8,500

= $94,000 ÷ 2.75

= 34,181.82

Additional Units

= 34,181.82 - 29,000

= 5,182 Units

8 0
2 years ago
Isn’t "corporate entrepreneurship" an oxymoron? Do the characteristics of an established organization, such as its routines and
pashok25 [27]

Answer:

Isn’t "corporate entrepreneurship" an oxymoron?

I guess that most people would believe that corporations and entrepreneurs and completely opposite, and for the most part they are right. But some corporations actually do have entrepreneurial spirit or at least try to. E.g. 3M is famous for allowing their employees some creative time so that they can come up with new ideas. Google is another example of a large corporation that allows for creative time while at work.

Do the characteristics of an established organization, such as its routines and structure, increase efficiency but at the same time kill any entrepreneurial spirit?

Routines, schedules and corporate structure not only kill, but they rather massacre and exterminate entrepreneurial spirit and creativity. One great example of how corporations do not allow people to think or act differently can be seen in the movie about Ford competing in Le Mans.

Is there any way that a company can have the best of both worlds?

I guess that it is difficult, but not impossible for a company to have corporate entrepreneurship. The problem is that corporations will probably believe that it is a waste of money to pay for their employees to do nothing and just wander around thinking about new ideas. Creativity has a cost and not everyone is willing to pay for it.

8 0
2 years ago
The table below shows a summary of Kaitlin's credit card statement for the month of February.
den301095 [7]

Answer:

A) 32 percent interest B) Yes it will be paid

Explanation:

23 times 42 divided by 7

6 0
2 years ago
Other questions:
  • Although jeff frequently exceeds the speed limit by at least 10 mph, he justifies his behavior by erroneously thinking that most
    11·1 answer
  • A firm has sales of $215,600, costs of $124,800, interest paid of $3,600, and depreciation of $11,400. the tax rate is 34 percen
    14·1 answer
  • why is the quantity of education demand in private universities Much more responsive than salt is to change in price ?​
    6·1 answer
  • Rowan Co. purchases 100 common shares (40%) of JBI Corp. as a long-term investment for $500,000 cash on July 1. JBI Corp. paid $
    10·1 answer
  • The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $
    15·1 answer
  • 4.Swan Manufacturing is approached by a customer to fulfill a one-time-only special order for a product similar to one offered t
    7·1 answer
  • A major advantage to a business residence situation is_____
    11·1 answer
  • At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of
    9·1 answer
  • If the stock market was perfectly, efficient, which of the following would be true?
    11·1 answer
  • The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!