The price elasticity of supply for bananas is 0.2. If the price rises by 5%, what will happen to the quantity supplied? What would this elasticity imply about seller's production capacity?

Q: A new machine for your factory has a first cost of $200,000 and a useful life of 20 years. The…

A: The benefit-cost ratio is the ratio of the present value of the benefits and the present value of…

Q: 10. Engr. Igup invested P200 000 in a savin gs account with interest rate of 4% compounded…

A:

Q: A small city has a population of 120,000 in 2010.  Concerned about rapid growth, the residents…

A:

Q: Suppose a small quantity of radon gas, which has a half-life of 3.8 days, is accidentally released…

A: half life problem

Q: What is the effective annual yield if a deposit of $1000 grows to $3300 in 12 years?

A: We know that the compound interest formula is  S=P1+rnnt where S is the amount after t years ,P is…

Q: 4 If the cost of the machine is $14000, its salvage value is $1500 and its estimated useful life is…

A:

Q: The estimated demand and supply curve for apples is displayed below. If the current price is…

A: Given the current price is $100 / ton . We have to find the demand and supply from the graph and…

Q: A hypothetical country with a population of 20,000 people annually experiences 2000 births, 1700…

A: Given; Population Size=20,000Number of births=2000Number of deaths=1700Number of…

Q: Suppose the Marginal product of labor in the economy is given by MPN= .002(16,000-N), while the…

A: a. The market-clearing wage rate equates the demand and supply of labour Solve for w first Therefore…

Q: Suppose income from an investment starts (at time 0) at $6000 a year and increases linearly and…

A: While calculating compound interest, the addition of interest to the principal sum of a loan or a…

Q: What rate of interest compounded continuously will yieldan effective interest rate of 6%?

A: It is given that, the effective interest rate is 6%. re=6%=0.06

Q: A town wishes to plan a new hospital to meet the needs for 20 years and hence desires an estimates…

A: From the given information, it is observed that P0=10,000, t=20 years and r=3%, that is, r= 0.03.…

Q: A company is considering expanding their production capabilities with a new machine that costs…

A:

Q: what is the effective annual yield if a deposit of 1000 grows to 2200 in 9 years? round answer to…

A: We know that A = P(1+r)t         where A = future value                  r = interest rate or…

Q: Consider a population that begins growing exponentially at a base rate of 8​% per year and then…

A:

Q: A retired couple have a fixed income of $3500 per month. Assuming an annual infl ation rate of 7%,…

A:

Q: The proceeds from the sale of a building will yield a uniform continuous flow of $10,000 a year for…

A:

Q: Dickinson’s Lw Firm buys new furniture for its waiting room. If the total cost of the furniture is…

A: Straight Line Depreciation 1) Determine the cost of asset 2) Subtract the estimated residue value of…

Q: Find the expected demand for (2020) by using SMA and WMA. (picture)

A: Expected demand for 2020 by using SMA:

Q: The snowboard industry has the following labour supply is ES = 150 + 10w and labour demand is ED =…

A:

Q: 9) The growth rate of the demand for oil in the US is 10% per year. In what year will the demand be…

A: We have to find the time required for demand to be double that of 2006.

Q: Determine the equivalent effective rate of a money compounded continuously at r=5%.

A:

Q: A company is considering expanding their production capabilities with a new machine that costs…

A:

Q: Assume that Canada has a population of 34 million. Every year about 300,000 people immigrate to…

A:

Q: If prices increase at a monthly rate of 3.4%, by what % do they increase in a year?

A: Annual increase = (((monthly increase+100)/100 )12 -1) 100 Hence Annual increase = ((103.4/100)12…

Q: If the value of Leo’s house goes up from $350,000 to $450,000 in the next 6 years, what was the…

A: Simple Growth percentage in the House value in the 6 years = (450000-350000)/350000 = 0.285714285 ~…

Q: Find the present value of a continuous stream of income over 3 years when the rate of income is…

A: Given data- Rate of income   s(t)= $31,000. Time                 = 3 years. The interest rate = 3%.=…

Q: Find the present value of a continuous stream of income over 3 years when the rate of income is…

A: I am attaching image so that you understand each and every step.

Q: If a bank offers annual interest of 7.5% or continuous interest of 7.25%, which has a better annual…

A: Given that a bank offers interest of 7.5% or continuous interest of 7.25% To determine which…

Q: Is demand elastic, inelastic, or unit elastic at a price of p = 100? 875 — р — 0.05р? -

A: x=875-p-0.05p2 When p = 100, x=875-100-0.051002=275 Now differentiating x=875-p-0.05p2 with respect…

Q: An investment decreases by 50% over a period of 12 years. At what effective annual interest rate…

A: Given information An investment decreases by 50% over the period of 12 years Here t=12 years We have…

Q: A manufacturing company had won a contract to supply 109200 units of a product to a customer.The…

A: Solve this problem as assuming the 1st week as 8000 units and other remaining week be x.

Q: the instantaneous weight growth rate at week 16 greater or smaller or the same than the average rate…

A: Given query is to provide information regarding instantaneous rate of change and average rate of…

Q: Find the present value of a continuous stream of income over 2 years when the rate of income is…

A:

Q: An engine health monitoring system consists of a primary unit and a standby unit. The MTTF of the…

A:

Q: If the average yearly growth rate from 2000 to 2005 is 1.2%, estimate the percentage of college…

A: NOTE: Refresh your page if you can't see any equations. . as we can see from the graph, for the…

Q: Find the present value of a continuous stream of income over 4 years when the rate of income is…

A: Given, Rate of income per year is $35000. Interest rate is 4%. Here we shall use the formula for…

Q: Find the present value of a continuous stream of income over 4 years when the rate of income is…

A: I have appended the formula used in the solution part of the question.

Q: What value of the smoothing constant would make an exponential smoothing forecast the most reactive…

A: We know the smoothing exponential formula Ft+1=Ft+αDt-Ft where, α=smoothing constant Ft+1=forecast…

Q: With an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or…

A: Given that: Cost of good, C(t)=P(1.03)t Initial cost of oil = $24.97

Q: The manufacturer's suggested retail price (MSRP) for a particular car is $24,805, and it is expected…

A:

Q: The estimated value of a diamond purchased for investment purposes is determined by S(t) =…

A: Given:- Estimated value of a diamond is a function of timeS(t)=250(1.75)t14. rate of…

Q: Suppose the total money supply is $400bn, and the parameters r and c are the same as in question 3.…

A:

Q: If a village has a population of 2000 and a natural growth rate of 3.7% but has a carrying capacity…

A:

Q: When demand has unit elasticity, revenue will decrease if

A:

Q: The number of bacteria in a certain population increases according to a continuous exponential…

A:

Q: How does time-period or length of run affects the behavior of the supply function?

A: Answer:

Q: Suppose that the spot price of copper is $3.25 per pound, the continuously compounded lease rate for…

A: Given: Suppose that the spot price of copper is $3.25 per pound, the continuously compounded lease…

Q: Find the present value of a continuous stream of income over 5 years when the rate of income is…

A: On solving this we will get