Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56
Volume of cylinder A = π(12^2/4) x (40/2) = 2,262 cubic feet which will be hauled by locomotive BR73.
Volume of cylinder B = π(8^2/4) x 24 = 1,206 cubic feet which will be hauled by locomotive CG35.
Volume of cylinder C = π(16^2/4) x 16 = 3,217 cubic feet which will be hauled by locomotive YH61.
Volume of cylinder D = π(6^2/4) x 12 = 339 cubic feet which will be hauled by locomotive A450.
Given:
Original price = 20
reduces selling price by 25% every month it's not sold.
First markdown month:
20 * (100%-25%) = 20 * 75% = 15
Second markdown month
15 * 75% = 11.25
Macy, employee gets a 50% discount off the current price.
11.25 * 50% = 5.625
11.25 - 5.625 = 5.625 or 5.63
The pre-tax price of the shirt for Macy will be $5.63
Answer:
A. (3, 10)
Step-by-step explanation:
You are told that ...
(x, y) = (number of accessories, dollars)
and you are told that ...
number of accessories = 3
dollars = 10
so the ordered pair is ...
(x, y) = (3, 10) . . . . Point A
