Consider the following scenario: The price for cable in your neighborhood has risen from $24 to $30 per month, and the quantity demanded decreases from 204,000 to 196,000 subscribers. a. Calculate the percentage change in the price of cable. b. Calculate the percentage change in the quantity demanded by subscribers. c. Based on these calculations, is the demand for cable elastic or inelastic? d. What is the change in revenue for the cable service providers? e. Now explain why the concept of price elasticity of demand is useful. 2. In the final paragraph of your paper, answer the following questions: a. What is the formula for measuring the price elasticity of supply? (See page 98 of your textbook depending in the edition) b. If the price of avocados goes up from $15 a dozen to $20 a dozen, and Garman's Farms supplies 1,200 dozen instead of 1,000 dozen: i. What is the price elasticity for Garman's supply? ii. Is its supply elastic or inelastic? How do you know? 3. USE THE MIDPOINT APPROACH TO COMPLETE THE CALCULATIONS FOR BOTH PROBLEMS AND SHOW ALL CALCULATIONS.

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect