Calculate the weighted mean. Price Quantity Sold 120. 54 90. 120 75 26
Calculate the weighted mean.
Price Quantity Sold
120. 54
90. 120
75 26
Homework Answers
Let x be price and
W be weights (quantity sold)
Then by using formula of weighted mean we can solve it as
follows...
Add Answer to:
Calculate the weighted mean.
Price Quantity Sold
120. 54
90. 120
75 26
Calculate revenue. Revenue is the quantity sold times the price for the product. The quantity sold...
Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
Develop a weighted aggregate quantity index with a 2000 base from the following table. Round to nearest integer Price/Shipment Shipments Commodity 2000 2015 2000 102 101 1.176 82 75 1,735 25 54 1,966...
Develop a weighted aggregate quantity index with a 2000 base from the following table. Round to nearest integer Price/Shipment Shipments Commodity 2000 2015 2000 102 101 1.176 82 75 1,735 25 54 1,966 56 72 1,435 3
Develop a weighted aggregate quantity index with a 2000 base from the following table. Round to nearest integer Price/Shipment Shipments Commodity 2000 2015 2000 102 101 1.176 82 75 1,735 25 54 1,966 56 72 1,435 3
Price Quantity Demanded $100 100 $90 120 $80 150 $70 210 $60 250 Refer to the...
Price Quantity Demanded $100 100 $90 120 $80 150 $70 210 $60 250 Refer to the table above. The firm is considering raising its price to $80. If it does so, its total revenue will increase, because the percent increase in price is greater than the percent decrease in quantity demanded. its total revenue will increase, because the percent increase in price is less than the percent decrease in quantity demanded. its total revenue will decrease, because the percent increase...
Calculate the 5 -number summary for the following Data Set. 24 45 62 78 90 120...
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New tower the following question Quantity Demanded 130 120 110 100 90 80 240 S2.60 a) Calculate the own-price elasticity of demand between $2.00 and $2.20. b) Calculate the own-price elasticity of demand between $1.60 and 51.80. c) Calculate the own-price elasticity of demand between S2.20 and $2.40. d) Graph the demand curve, pointing out where the elasticity is elastie, inelastic, or unit elastic c) Suppose a producer is currently selling this good at $2.40. Would it make sense for...
Purchases Unit Total Cost of Goods Sold Unit Total Quantity Cost Cost Date Quantity Cost Cost...
Purchases Unit Total Cost of Goods Sold Unit Total Quantity Cost Cost Date Quantity Cost Cost Aug. Inventory on Hand Unit Total Quantity Cost Cost 50 $ 35 $ 1,750 5 $ 35 $ 175 5 $ 35 $ 175 90 $ 54 $ 4,860 45 $ 35 $ 1,575 8 90 $ 54$ 4,860 5 $ 80 $ 35 $ 54$ 175 4,320 540 30 15 $ 58 $ 870 $ . $ 54 $ 54$ 58 $ 870...
quantities sold by the shop in 2014 and 2016 2016 Oven 2014 Price Quantity Price Quantity...
quantities sold by the shop in 2014 and 2016 2016 Oven 2014 Price Quantity Price Quantity G1 390 410 5 6 G2 320 10 380 12 G3 200 25 250 24 ing 2014 as the base year to calculate: a) Laspeyres' price index for year 2016 b) Paasche's price index for 2016 quantities sold by the shop in 2014 and 2016 2016 Oven 2014 Price Quantity Price Quantity G1 390 410 5 6 G2 320 10 380 12 G3 200...
Price (cents per gallon) 90 100 110 120 130 140 150 Quantity Demanded (thousand gallons per...
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Given the table below, what is the equilibrium price? Price Quantity Demanded Quantity Supplied $ 105...
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Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
Develop a weighted aggregate quantity index with a 2000 base from the following table. Round to nearest integer Price/Shipment Shipments Commodity 2000 2015 2000 102 101 1.176 82 75 1,735 25 54 1,966 56 72 1,435 3
Develop a weighted aggregate quantity index with a 2000 base from the following table. Round to nearest integer Price/Shipment Shipments Commodity 2000 2015 2000 102 101 1.176 82 75 1,735 25 54 1,966 56 72 1,435 3
Calculate the 5 -number summary for the following Data Set. 24 45 62 78 90 120 34 67 111 10 Answer 1, 1024 69 90 120 2· 1034 65 90 120 3. 103464.5 90 120 4.0) 120 90 64.5 54 10
New tower the following question Quantity Demanded 130 120 110 100 90 80 240 S2.60 a) Calculate the own-price elasticity of demand between $2.00 and $2.20. b) Calculate the own-price elasticity of demand between $1.60 and 51.80. c) Calculate the own-price elasticity of demand between S2.20 and $2.40. d) Graph the demand curve, pointing out where the elasticity is elastie, inelastic, or unit elastic c) Suppose a producer is currently selling this good at $2.40. Would it make sense for...
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