Business, 11.03.2020 22:55 cabr379

Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is
$
6.50
, and the equilibrium quantity is
27.0
. When the price is
$
10.75
, the quantity supplied of motorcycles is
61.0
and the quantity supplied of pancakes is
109.0
. For simplicity of analysis, the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

Supply in the market for motorcycles is

There is not enough information to tell which has a higher elasticity.

less elastic than supply in the market for pancakes.

the same elasticity as supply in the market for pancakes.

more elastic than supply in the market for pancakes.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:40, mswillm

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))

Answers: 3

continue

Business, 22.06.2019 11:00, risolatziyovudd

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Answers: 1

continue

Business, 22.06.2019 13:50, trillsmith

Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Answers: 2

continue

Business, 22.06.2019 16:30, emmmssss21

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

Answers: 3

continue

You know the right answer?

Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibriu...