As the price of gummy bears rises from $2.65 to $3.05, what is the price elasticity of demand of (i) sugar-free gummy bears and of (ii) ordinary gummy bears? use the midpoint method and specify answers to one decimal place.

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

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