0.666667 as a fraction is 2/3
Answer:
2.2 minutes
Step-by-step explanation:
38.5 ÷ 17.5 = 2.2
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
Answer:
8 hours
Step-by-step explanation:
$1,300/$32.50 = 40
$1,040/$32.50 = 32
40-32=8
Answer:
x =19.20
Step-by-step explanation:
We can use ratios to solve
14 wings 12 wings
------------- = ---------------
22.40 x
Using cross products
14x = 22.40 * 12
14x =268.8
Divide each side by 14
14x/14 = 268.8/14
x =19.20