Please provide steps by step answer with proper explanation with final answer...... underline and bolt the answer..pls PRICE (Dollars per ton)3024181260122436DemandQUANTITY (Thousands of tons)520Demand1Supply4860Several growers are happy with this advancement in technology because now they can sell more crops, which they believe will lead to increases inrevenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market.Using the midpoint method, the price elasticity of demand for walnuts between the price levels of $15 and $9 per ton isthese two points, demand isThus, you can conclude that the grower's claim is, meaning that between, because total revenue willdue to the technological improvement.

Using the midpoint formula for price elasticity of demand involves calculating the percentage…

Answered: PRICE (Dollars per ton) 30 24 18 12 6 0…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following statements about safety stock within an MRP system is NOT correct? A. When maintained, safety stock is normlly held for end items rather than lower-level items in the BOM because end items experience uncertain independent demand. B. Carrying safety stock may represent a common solution for variable product scrap rates. C. Safety lead time may be a more cost-effective solution than safety stock for purchased materials that are subject to variable delivery times. D. Safety capacity as an alternative to safety stock is widely applied in industry.
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Сopy A pgcconline.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id%3 565711 1&course_id%3 400714 1&content_id= 143.. Remaining Time: 1 hour, 57 minutes, 20 seconds. Question Completion Status: QUESTION 8 Fill in the blanks with the number adjacent to the correct word or phrase in the word bank below: 1. movement along 2. demand schedule 3. change in demand 4. negative 5. quantity demanded 6. price 7. increase 8. reduction 9. quantity 10. shift 11. demand schedule 12. demand curve 13. change in demand 14 The of a good or service is the quantity buyers are willing and able to buy at a particular price during a particular period, all other things unchanged. A is a table that shows the quantities of a good or service demanded at different prices during a particular period, all other things unchanged. A is a graphical representation of a demand schedule. On a graph is on the vertical axis and is on the horizontal axis. A change in price, with no change in any of the…
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I have gotten parts a and c but i can't seem to get the answer for part b as for part a i get P = -2q^2 + 14q - 6.5 and when i try find the domain for this i get [0.5,6.5] as i assume P must be >/= 0 but my answer sheet given alongside the Q says the answer to part b is [0,7.5] could you help explain why that is or if the previous answer is correct?
Problem 8-2 (Static) The owner of Genuine Subs, Inc, hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc) of $1.76 per sandwich. Sandwiches sell for $8.00 each in all locations. Rent and equipment costs would be $5,000 per month for location A $5,500 per month for location B, and $5,800 per month for location C. a. Determine the volume necessary at each location to realize a monthly profit of $10,000. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Location A B C Monthly Volume

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