Business, 07.01.2020 21:31, greenbyron88
At a price of $4 per unit, gadgets inc. is willing to supply 20,000 gadgets, while united gadgets is willing to supply 10,000 gadgets. if the price were to rise to $8 per unit, their respective quantities supplied would rise to 45,000 and 25,000. if these are the only two firms supplying gadgets,
what is the elasticity of supply in the market for gadgets?
a.)1.2
d.)1.0
Answers: 1
Business, 21.06.2019 18:20, haza1873
Amathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. thus, if mexico's real gdp per person is growing at 7 percent per year, it will take about 10 years(=70/7) to double. apply the rule of 70 to solve the following problem. real gdp per person in mexico in 2005 was about $11,000 per person, while it was about $44,000 per person in the u. s. if real gdp per person in mexico grows at the rate of 5 percent per year: how long will it take mexico's real gdp per person to reach the level that the united states was at in 2005? (hint: how many times would mexico's 2005 real gdp per person have to double to reach the u. s.'s 2005 real gdp per person?
Answers: 3
Business, 22.06.2019 18:30, thomaskilajuwon
Afarmer is an example of what kind of producer?
Answers: 2
Business, 22.06.2019 20:00, HahaHELPP
In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
Answers: 1
Business, 22.06.2019 20:30, Roof55
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
At a price of $4 per unit, gadgets inc. is willing to supply 20,000 gadgets, while united gadgets is...
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