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
First ask yourselfhat needs to be dristributed.
That would be -1 (x-9)
To distribute you have to multiply the number out side of the parentheses (-1) by each term inside the parentheses( x and -9)
-1×x=-x
-1×-9=9
Now the expression is
-x+9+4x
To simplify you have to combine like terms (4x and-x)
4x-x=3x
Your answer is 9+3x or 3(3+x).
Answer:
Step-by-step explanation:
the best business for this area is The Shoe Hut. This is the case for several reasons. First, there is less competition for custom sporting goods, as the supply in the area is lower. Survey data shows that there are more individuals who desire custom outdoor sporting goods than there are people who desire more coffee shops. Finally, the overall capital required to start and maintain The Shoe Hut is lower. Less equipment is needed, any building can be rented, and if an employee cannot be hired immediately, I can run the store on my own.
The shape of the graph is similar to the letter W; however, the region of interest will lie on the right of the origin, which means only the right half of the W(a negative number of cans cannot be produced). The profit produced will be maximized if the number of cans produced is greater than 3. The company will be at a loss if the number of cans produced is near 2.5. The break even situations are present if the company produces 2 or 3 cans.
