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 2.)an increase in the price of tickets to a popular sporting event will increase total revenue if: a.)the ticket is considered to be a luxury b.)there are many substitutes for this form of entertainment c.)the fans are price-conscious d.)the buyers of the tickets are fanatic about the event

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.