subject
Business, 01.08.2019 09:00 winterblanco

In 1916, the ford motor company sold 500,000 model t fords at a price of $440. henry ford believed that he could increase sales of the model t by 1,000 cars for every dollar he cut the price. use this information to calculate the price elasticity of demand for model t fords. use the midpoint formula in your calculation. assuming the price decreases by $1 and the quantity increases by 1000 cars, the price elasticity of demand for model t fords is nothing (enter your response rounded to two decimal places).

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
question
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
question
Business, 22.06.2019 23:00
The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading
Answers: 2
question
Business, 23.06.2019 02:50
Which of the following will be a source of cash flows for a shareholder of a certain stock? i. sale of the shares at a future date ii. the firm in which the shares are held paying out cash to shareholders in the form of dividends iii. the firm in which the shares are held increasing the total number of shares outstanding through a stock split
Answers: 2
You know the right answer?
In 1916, the ford motor company sold 500,000 model t fords at a price of $440. henry ford believed t...
Questions
question
Social Studies, 20.10.2019 11:00
Questions on the website: 13722360