Consider two markets: the market for coffee and the market for hot cocoa. the initial equilibrium for both markets is the same, the equilibrium price is $5.50 , and the equilibrium quantity is 37.0 . when the price is $10.75 , the quantity supplied of coffee is 63.0 and the quantity supplied of hot cocoa 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 hot cocoa. round to two decimal places.

Which of the following would classify as a general education requirement

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account