subject
Business, 09.02.2021 01:00 twistedhyperboles

Consider two markets: the market for cat food and the market for dog food. The initial equilibrium for both markets is the same, the equilibrium price is $3.50 , and the equilibrium quantity is 23.0 . When the price is $7.75 , the quantity supplied of cat food is 69.0 and the quantity supplied of dog food is 111.0 . For simplicity of analysis, the demand for both goods is the same. Using the midpoint formula, calculate the elasticity of supply for dog food. Please round to two decimal places.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:30
You wants to open a saving account.which account will grow his money the most
Answers: 1
question
Business, 22.06.2019 12:10
In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.
Answers: 2
question
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
Answers: 3
question
Business, 23.06.2019 02:50
Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will
Answers: 2
You know the right answer?
Consider two markets: the market for cat food and the market for dog food. The initial equilibrium f...
Questions
question
English, 02.06.2021 18:30
question
English, 02.06.2021 18:30
question
Chemistry, 02.06.2021 18:30
question
Spanish, 02.06.2021 18:30
question
Mathematics, 02.06.2021 18:30
question
Mathematics, 02.06.2021 18:30
Questions on the website: 13722362