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Georgia [21]
2 years ago
6

According to the midpoint method, the price elasticity of demand for tomatoes between point x and point y is approximately , whi

ch suggests that the demand for tomatoes is between points x and y.
Business
1 answer:
Mashutka [201]2 years ago
4 0
According to the midpoint method, the price elasticity of demand for tomatoes between point X and point Y is approximately (1.8 or 0.56 or 0.09 or 0.05) , which suggests that the demand for tomatoes is (elastic or 
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The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.

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Ron was vacationing in​ France, when his camera was stolen. As he walked into a camera​ store, Ron noticed that camera prices we
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130.43 euros

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Since Ron willing to Pay is $150

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1 year ago
When contemplating stopping distances, the three critical factors to be considered are
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C perception, reaction, braking
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Good X is produced in a competitive market using input A. Explain what would happen to the supply of good X in each of the follo
a_sh-v [17]

Answer:

a. It will increase.

b. It will decrease

c. It will decrease

d. it will increase.

Explanation:

If the price of an input needed for production of good X decreases, the cost of production of good X reduces. It becomes cheaper to produce good X and and as a result the supply of good X would increase.

An increase in tax increases the cost of production and makes production of good X more expensive. As a result, the supply of good X would fall.

technological change that reduces the cost of producing additional units of good X, would make the production of good X less expensive. As a result, the supply of good X would increase

3 0
1 year ago
Suppose that in September 2018 a company takes a long position in a contract on May 2019 crude oil futures. It closes out its po
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Answer:

The company total profit is $2,200

The realization of the $2,200 total profit will be on the day-to-day basis with the time frame as followed:

- $800 will be realized in the 2018 ( from September to end of the year);

- $1,400 will be realized in 2019 ( from the begining of 2019 to the time the position is closed.

(a) A Hedger will be taxed on his/her $2,200 profit on the year of 2019;

(b) A Speculator will be taxed on his/her $2,200 profit right it is realized. In other words, $800 of profit will be taxed in 2018 and 1,400 of profit will be taxed in 2019.

Explanation:

- The total profit is calculated as: ($50.50-$48.30) x 1,000 = $2,200;

- The profit realized in 2018 is calculated as ( $49.10-$48.30) x 1,000 =$800;  

- The profit realized in 2019 is calculated as ( $50.50-$49.10) x 1,000 =$1,400.

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