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 $6.50, and the equilibrium quantity is 35.0. When the price is $6.75, the quantity supplied of cat food is 59.0 and the quantity supplied of dog food is 101.0
Using the midpoint formula, calculate the elasticity of supply for dog food. Please round to two decimal places.

Answers

Answer 1

The elasticity of supply for dog food is 25.71

What is the elasticity of supply?

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

Price elasticity of supply = midpoint change in quantity supplied / midpoint change in price  

Midpoint change in quantity supplied = change in quantity supplied / average of both supply

change in quantity supplied= 101 - 35 = 66

average of both supply = (101 + 35 ) / 2 = 68

Midpoint change in quantity supplied = 66 / 68 = 0.97

Midpoint change in price = change in price / average of both price

Change in price = 6.75 - 6.50 = $0.25

Average of both price = (6.75 + 6.50) / 2 = $6.625

Midpoint change in price = 0.25 / 6.625 = 0.03774

Price elasticity of supply =  0.97 / 0.03774 = 25.71

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Related Questions

Red can clean a room in 20 hours alone, while Blue can clean the same room in 10 hours. If they started cleaning a room together at 8:00am, then at what time will they finish cleaning the room together?

Answers

Answer:

No.

Step-by-step explanation:

Blue will be done cleaning the room at 6:00PM, while Red will be done by 4:00AM.

Justify -7k=-42 , then k=6

Answers

Answer: K=6 is correct

Step-by-step explanation:

If you substitute 6 for k and then multiply -7 the answer equals correctly!

1. Substitute 6 in k and when you do that you get -42 therefore k=6
2. Divide -7 over -7k and what you do on the left, you do on the right. Then divide -7 over -42 and your answer is 6, therefore k=6

Solve the equation.

2+|2x−4|=10

Enter your answers by filling in the boxes.

x =
or x =

Answers

Answer:

Step-by-step explanation:

|2x+4|=8

2x+4=8 and 2x+4=-8

x=2 and x=-6

What is the equation of the line that is parallel to the given line and passes through the point (-3, 2)?​ is it d?

Answers

Answer: The answer would be 3x+4y=-17

Step-by-step explanation: The reason why that would be the answer is because when you substitute the coordinates into the equation you get -17 and their asking if it is parallel and they are!

Hope this helps :P

Miles has a square garden in his backyard. He decides to decrease the size of the garden by 1 foot on each side in order to make a gravel border. After he completes his gravel border, the area of the new garden is 25 feet2. In the equation (x - 1)2 = 25, x represents the side measure of the original garden.



The length of each side of the original garden was
feet.

The area of the original garden was
feet2.

Answers

The original garden was 6 feet long on each side. The original garden's footprint measured 36 feet.

How would you define Area?

Area is the entire amount of space occupied by a flat (2-D) surface or an object's shape. On a sheet of paper, draw a square using a pencil. It has two dimensions. The area of a shape on paper is the area that it occupies. Consider your square as being composed of smaller unit squares.

Using the information provided,

(x-1)²=25

(x-1)=5

x=6

6x6=36 feet²

The original garden had six sides that were the same length.

The original garden covered 36 feet of space.

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Answer:

6 ft & 36ft

Step-by-step explanation:

To prepare for his mountain biking trip, Rhyan bought four tire patches. Rhyan paid using a gift card that had $22.20 on it. After the sale, Rhyan’s gift card had $1.90 remaining. Which equations could you use to find the price of one tire patch? Select all that apply. 4x – 1.9 = 22.2 4x – 22.2 = 1.9 4x + 1.9 = 22.2 4x + 22.2 = –1.9 22.2 – 4x = 1.9

Answers

Answer:

437 33473333336575848

Answer:

4x + 1.9 = 22.2

22.2 - 4x = 1.9

Answer choice:  C & E.

Step-by-step explanation:

Glad to help.

put the unknown price of the four tire patches as x,

and for all, it should add up to $22.20 and you're to subtract $1.90.

m = x+y/3 solve for y ​

Answers

Answer:

y=3m-3x

Step-by-step explanation:

[tex]m=x+\frac{y}{3} \\ \\ m-x=\frac{y}{3} \\ \\ y=3m-3x[/tex]

Carlos’ pay stub is shown. What is his net pay? Round to the nearest cent. Gross Pay-$1,800.00
Medicare-$26.10
Social Security (6.2%)-?
Federal Withholding Income Tax (19%)-?

Answers

By subtracting the taxes from the gross pay we can see that Carlos' net pay is $1,500.30

How to find Carlos' net pay?

We know that the gross pay is $1,800, now we need to subtract the social security and taxes.

First, there is a 6.2% and 19% in taxes, adding that we get:

6.2% + 9% = 15.2%

Then we need to subtract a 15.2% of the gross pay, this will give:

P = $1,800*(1 - 15.2%/100%) =  $1,800*(0.848) = $1,526.40

And now we also need to subtract the Medicare, which is $26.10, it gives:

$1,526.40 - $26.10 = $1,500.30

We conclude that Carlos' net pay is $1,500.30

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find it quick please

Answers

i- 13/40
Ii- -9/7
iii- -1/7

Answer:

i. 13/40

Step-by-step explanation:

i. [tex]5 \div 8 + 3 \div - 10[/tex]

Taking LCM of 8 & 10, we get 40

[tex]25 - 12 \div 40[/tex]

So, we get 13/40

am i crazy or is this problem actually hard?! please help

Answers

Answer:  its  correct

Step-by-step explanation:

What value of a makes the following equation true?
a−8a=210
Enter your answer as a number, like this: 42

Answers

Let’s solve this with steps:

1. Combine like terms

a - 8a = -7a

2. Divide both sides by -7

-7a / -7 = a

210 / -7 = -30

3. Simplify

a = -30

Answer Recap: a = -30

1.) Ab+ac
2.) 6m+8
3.) 27d²+8d³-15d4t
4.) 27 m²n³p5-20m5n²p

Answers

Answer:

1.) ab × ac

a × (b + c)

2.) 6m + 8

2 (3m + 4)

3.) 27d²+8d³-15d4t

27d²+8d³- (15 × 4)dt

27d²+8d³- 60dt

4.) 27m²n³p5-20m5n²p

135m²n³p - 20m × 5n²p

135m²n³p - 100mn²p

Two towns are 52 km apart. Buses travelling
between the two towns leave at the same
time but travel in opposite directions. The
bus from town A is travelling 80 km/h and
the bus from town B is travelling 70 km/h.
How long after they leave will they pass each
other? (Reminder: there are 60 minutes in an
hour!)

Answers

Step-by-step explanation:

x = number of km bus from A drives until they meet.

y = number of km bus from B drives until they meet.

x/80 is the time for the bus from A to reach the meeting point.

x/70 is the time for the bus from B to reach the meeting point.

both times must be equal, as they start at the same time.

so,

x/80 = y/70

but then we also know that together they have traveled the full 52 km to meet.

so,

x + y = 52

x = 52 - y

with that we go into the first equation :

(52 - y)/80 = y/70

(52 - y)/8 = y/7

7×(52 - y)/8 = y

7×(52 - y) = 8y

364 - 7y = 8y

364 = 15y

y = 364/15 km = 24.26666666... km

x = 52 - y = (780-364)/15 = 416/15 = 27.73333333... km

they will meet after (using bus from B)

364/15 / 70/1 = 364/1050 hours

= 182/525 hours =

= 60×182/525 = 10920/525 minutes =

= 728/35 = 104/5 = 20.8 minutes =

= 20 minutes 60×8/10 seconds =

= 20 minutes 48 seconds

control (using bus from A) :

416/15 / 80/1 = 416/1200 hours =

= 26/75 hours =

= 60×26/75 = 1560/75 minutes =

= 104/5 = 20.8 minutes

correct.

A meteor crater is 3300 feet in diameter. Approximate the distance around the crater. Use 3.14 for π.

Answers

Answer:

10362

I found it from somewhere

Graph this function.
f (x) = ¾x -2

Answers

The points of the graph are (0,-2), (4,1) and they are drawn on the graph below. The graph of the equation y= (3/4)x – 2 is a straight line.

What do you mean by a function's graph?

The totality of the points in the plane with the form (x, f(x)) that make up the graph of a function f. The graph of y = f is another name for the graph of f. (x). Thus, the graph of an equation serves as a particular illustration of the graph of a function.

The given equation is

f(x)= ¾ x-2

Put x=0 in the equation

y = (¾)(0)-2

y = -2

Put x=4 in the equation

y = (3/4) (4)-2

y = 3-2

y = 1

Graph the points of the function on a graph as given below

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Una empresa tiene costos fijos de $300 y vende cada artículo en $15. Si se sabe que el punto de equilibrio es q=100. Plantear la función de Costos Totales
CT=__________________________

Answers

Based on the fixed costs and the equilibrium point, the function for total costs would be TC = 300 + 100VC

What s the function for total cost?

The total cost that a company incurs for making a good or service is a combination of both the fixed cost and the variable cost.

The total variable cost is found as:

= Number of units produced x variable cost per unit

= 100 units x vc

= 100vc

The total cost would therefore be:

= Fixed cost + Total variable cost

= 300 + 100vc

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Professor Dale records the following final grades in one of her classes: A, A, A, A, B, B, B, B, B, B, B, C, C, C, C, C, C, C, C, D, D, D, F, F Which value would complete the frequency table for these grades? Grade Frequency Relative Frequency Cumulative Frequency A 4 16.70% 4 B 7 29.20% 11 C ???? 33.30% 19 D 3 12.50% 22 F 2 8.30% 24 Total 24 100% 24

Answers

The value of the frequency for grade C from given table of final grade is 8.

As given,

Given frequency table is:

Grade:                                   A                 B               C             D              F

Frequency:                            4                7                ?              3              2

Relative Frequency:  16.70%          29.20%      33.30%     12.50%     8.30%  

Cumulative Frequency:       4                  11             19           22            24

Given records: A, A, A, A, B, B, B, B, B, B, B, C, C, C,C, C, C, C, C,D,D,D, F,F

Here : frequency of grade C is 8 times

or Cumulative frequency (19-11=8).

Therefore, the value of the frequency for grade C from the given table of final grade is 8.

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can anybody help me with this question

Answers

Answer:

45.83/100

Step-by-step explanation:

assuming all participate in a language

German=1/6

French=3/8

Italian=remaining percentage=a

1/6+3/8+a=1

8/48+18/48+a=1

a=48/48-26/48

a=45.83/100

11. Myrtle Gould's total sales last month were $180,700, and her commission was $5,040. She earns a
commission only on monthly sales over $50,000. Find her rate of commission to the nearest tenth percent.
South-Western Publishing
7
Chapter 1 Workbook

Answers

The rate of commission for a commission of $5040 on total sales of $180700 nearest to tenth percent will be 2.8 %.

What is commission rate ?

The commission rate is the percentage or fixed payment associated with a certain amount of sale.

It is given that , Myrtle Gould's total sales last month were of $180700. And the commission she got for the sales was $5040.

Here , the sale is above the criteria to get the commission which is $50000.

The rate of commission can be calculated as follows :

Rate of commission (R) = (5040 × 100)  / 180700

or

R = 504000 / 180700

or

R = 2.8 %

or

Rate of commission will be 2.8 %.

Therefore , the rate of commission nearest to tenth percent will be 2.8 %.

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Write the slope-intercept form equation of the line that passes through the points (1,−6) and (9,−5).

Complete the equation in the space below (do not enter "y = ").

Answers

Answer:

Step-by-step explanation:

Point slope form y-y₁ = m(x-x₁)

-5 - (-6) = m(9 - 1)

1 = m(8)

1/8 = m

y= 1/8x + b

-6 = 1/8(1) + b

b = -6.125

y = 1/8x -6.125

Find the x-intercept and y-intercept from the graph below.

Answers

Answer:

Step-by-step explanation:

First choice

to find x intercept, substitute y = 0.

where it cuts the y axis is -55

similarly, where it cuts the x-axis is 25

anser is x-int (-55,0) u - int (x,25)

X-int (0,25) y-int(-55,0)

Here are four digits.
9648
Use three of these digits to write down the smallest possible 3-digit number.

Answers

Answer:

468

Step-by-step explanation:

use the smallest digit in the hundreds place , that is 4

use the next smallest digit in the tens place, that is 6

use the next smallest digit in the units place, that is 8

smallest 3- digit number is 468

Answer: 468

Step-by-step explanation:

Numbers are= 9,6,4,8

Now, rearrange all numbers according to weight,

4<6<8<9

The smallest possible 3-digit number will be 468

$2500.00 invested in stock market. Four months later the value dropped to $22.48. Find average monthly change in the value

Answers

Ight so 2,500 - 22.48 to find the change then divide by the four months to find the average (mean) the answer is 619.38$

If f(x)=3x-2 , find f^-1(x)

Answers

Answer:

See below

Step-by-step explanation:

y = 3x-2        switch x's and y's    then solve for y

x = 3y-2

x+2 = 3y

y = (x+2) / 3    <===== this is  f^-1 (x)

Now you can try the one posted in the picture.....

Please please help me out with this !

Answers

Answer:

1. 11,207.23

2. 11,285.58

3. 11,303.49

4. 11312.52

I don't know if the last one is correct

Jayme buys a painting for $179.99 for his apartment. The tax rate is 6.5%. How much did Jayme spend after tax?

Answers

Answer:

$191.69

Step-by-step explanation:

After tax Jaime spent $191.69

I’m confused can someone help?

Answers

Answer: Maybe you have to divide $525 over 5 friends so you will get how much each one gets.

Find the value of c in the equation c3 = -64

Answers

Answer:

c = -4

Step-by-step explanation:

c³ = -64

∛c³ = ∛-64

c = -4

Check:

-4 *-4 * -4 = -64

(30 POINTS) A construction worker is pouring concrete stairs. The first step requires 1.7 cubic feet of concrete, and the first 4 steps require a total of 17 cubic feet. If the steps follow an arithmetic series, how much concrete is required for the first 12 steps?

51 cubic feet
93.5 cubic feet
132.6 cubic feet
244.8 cubic feet

Answers

The volume of concrete required for the first 12 steps is 132.6 cubic feet

Given data

the first step requires 1.7 cubic feet of concrete

the first 4 steps require a total of 17 cubic feet

How to solve for the first 12 steps

the first term = a = 1.7

4th step =  n/2 ( 2a + ( n - 1 ) d )

d is common difference

n = number of terms

17 = 4/2 ( 2*1.7 + ( 4 - 1 ) d )

17 = 2( 3.4 + 3d )

8.5 = 3.4 + 3d

5.1 = 3d

3d = 5.1

d = 1.7

sum of AP at 12th step

12th = n/2 ( 2a + ( n - 1 ) d )

12th = 6( 2 * 1.7 + ( 12 - 1 ) * 1.7)

12th = 6 (3.4 + 11 * 1.7)

12th = 6 * 22.1

12th = 132.6 cubic feet

The volume of concrete required for the first 12 steps is 132.6 cubic feet

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Please answer quickly but only if you are sure

Answers

Answer:

C - 8.2*10^-2

Step-by-step explanation:

Answer:

C.

Step-by-step explanation:

10^-2 = 0.01

0.01 × 8.2 = 0.082

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