{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T07:13:40-04:00", "answer_date": "2024-06-21 07:13:40", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3415163", "url": "\/study-help\/questions\/one-word-document-with-all-your-answers-labelled-and-in-3415163", "question_creation_date_js": "2024-06-21T07:13:40-04:00", "question_creation_date": "Jun 21, 2024 07:13 AM", "meta_title": "[Solved] ONE Word document with all your answers l | SolutionInn", "meta_description": "Answer of - ONE Word document with all your answers labelled and in the correct order. Insert your graphs into the Word document. | SolutionInn", "meta_keywords": "one,word,document,answers,labelled,correct,order,insert,graphs,excel,pdf,files", "question_title_h1": "ONE Word document with all your answers labelled and in the correct order. Insert your graphs into the Word document. Excel and PDF files will", "question_title": "ONE Word document with all your answers labelled and in the correct", "question_title_for_js_snippet": "ONE Word document with all your answers labelled and in the correct order Insert your graphs into the Word document Excel and PDF files will not be accepted Question 1 (5 marks) We are examining the market for leather jackets in Ontario Given below are the demand schedule and supply schedule for this product for one year Accurately graph the demand and supply curves on one graph and determine equilibrium in this market Label the graph and axises properly State where equilibrium is (both price and quantity), don't just point to it on the graph Make sure you have the price and quantity demanded on the correct axis (5 marks 4 marks for graph and 1 mark for equilibrium) The easiest way to create the graph is to create it in Excel, and then copy and paste it over to the Word document You can also hand draw the graph and copy it over if you forget how to use Excel Price Quantity Price Quantity Demanded Supplied $160 450,000 $ 160 50,000 $250 325,000 $250 75,000 $325 285,000 $325 125,000 $500 245,000 $500 160,000 $700 205,000 $950 $700 205,000 175,000 $950 $1,200 300,000 100,000 $1,200 450,000 $1,500 55,000 $1,500 525,000 Question 2 (2 marks) Q Search O L FB FO FIO 8 O R PQuestion 6 (5 marks) a Using the data provided in Question 1, calculate the elasticity of demand and elasticity of supply at each price change in the market for leather jackets using the midpoint formula for both supply and demand Calculate elasticity to 2 decimal places Because you are calculating the change between two levels, you will have 7 calculations for demand and 7 for supply, for the 8 prices (2 marks 1 mark each for correct demand and correct supply elasticities) Price Quantity Elasticity of Quantity Elasticity of Demanded Demand Supplied Supply $160 450 000 50 000 $250 325,000 75,000 $325 285,000 125,000 $500 245 000 60,000 $700 205,000 205,000 $950 175,000 300,000 $1 200 100,000 450,000 $1,500 55,000 525,000 Based on your elasticity of demand calculation, if the price of down filled jackets rises from $325 to $500 will total revenue go up or down Explain using the concept of elasticity You need to answer the first part of this question by explaining how you interpreted the elasticity of demand at this point How much will revenue change (in dollar terms) (2 marks 1 mark for calculation, one mark for explanation using elasticity) c What is the price elasticity of supply if the price rises from $325 to $500 Is it inelastic or elastic What does this indicate (1 mark) Assignment 1 Fall 2023 L T W XFall 202 Assignment 1 Questions X Create Fin Assignment 1 Fall 2023 Question 7 (4 marks) The chart below represents the production possibilities for a company that produces tables and chairs a Create a properly labeled graph representing the company's combination of choices for these two products (1 1 2 marks) b Using the letter 'U' indicate on the graph unattainable combinations (1 2 mark) c Using the letter 'A', indicate on the graph the attainable but inefficient (1 2 mark) d Using the letter 'F' indicate the combinations that are both attainable and efficient (1 2 mark) e What is the law of increasing opportunity costs Explain and provide an example not in the textbook (1 mark) Tables Chairs 0 2,125,000 95,000 1,850,000 125,000 1,500,000 150,000 1,000,000 180,000 800,000 200,000 700,000 225,000 0 Q Search A W X CA FO WA", "question_description": "\"image\"image\"image
\"image\"image\"image<\/div><\/div><\/div><\/figure> ONE Word document with all your answers labelled and in the correct order. Insert your graphs into the Word document. Excel and PDF files will not be accepted. Question 1 (5 marks) We are examining the market for leather jackets in Ontario. Given below are the demand schedule and supply schedule for this product for one year. Accurately graph the demand and supply curves on one graph and determine equilibrium in this market. Label the graph and axises properly. State where equilibrium is (both price and quantity), don't just point to it on the graph. Make sure you have the price and quantity demanded on the correct axis. (5 marks - 4 marks for graph and 1 mark for equilibrium) The easiest way to create the graph is to create it in Excel, and then copy and paste it over to the Word document. You can also hand draw the graph and copy it over if you forget how to use Excel. Price Quantity Price Quantity Demanded Supplied $160 450,000 $ 160 50,000 $250 325,000 $250 75,000 $325 285,000 $325 125,000 $500 245,000 $500 160,000 $700 205,000 $950 $700 205,000 175,000 $950 $1,200 300,000 100,000 $1,200 450,000 $1,500 55,000 $1,500 525,000 Question 2 (2 marks) Q Search O L FB FO FIO 8 O R PQuestion 6 (5 marks) a. Using the data provided in Question 1, calculate the elasticity of demand and elasticity of supply at each price change in the market for leather jackets using the midpoint formula for both supply and demand. Calculate elasticity to 2 decimal places. Because you are calculating the change between two levels, you will have 7 calculations for demand and 7 for supply, for the 8 prices. (2 marks - 1 mark each for correct demand and correct supply elasticities) Price Quantity Elasticity of Quantity Elasticity of Demanded Demand Supplied Supply $160 450.000 50.000 $250 325,000 75,000 $325 285,000 125,000 $500 245.000 60,000 $700 205,000 205,000 $950 175,000 300,000 $1.200 100,000 450,000 $1,500 55,000 525,000 Based on your elasticity of demand calculation, if the price of down-filled jackets rises from $325 to $500 will total revenue go up or down? Explain using the concept of elasticity. You need to answer the first part of this question by explaining how you interpreted the elasticity of demand at this point. How much will revenue change (in dollar terms)? (2 marks - 1 mark for calculation, one mark for explanation using elasticity) c. What is the price elasticity of supply if the price rises from $325 to $500? Is it inelastic or elastic? What does this indicate? (1 mark) Assignment 1 Fall 2023 L T W XFall 202 Assignment 1 Questions _ X Create Fin Assignment 1 Fall 2023 Question 7 (4 marks) The chart below represents the production possibilities for a company that produces tables and chairs. a. Create a properly labeled graph representing the company's combination of choices for these two products. (1 1\/2 marks) b. Using the letter 'U' indicate on the graph unattainable combinations. (1\/2 mark) c. Using the letter 'A', indicate on the graph the attainable but inefficient. (1\/2 mark) d. Using the letter 'F' indicate the combinations that are both attainable and efficient. (1\/2 mark) e. What is the law of increasing opportunity costs? Explain and provide an example not in the textbook. (1 mark) Tables Chairs 0 2,125,000 95,000 1,850,000 125,000 1,500,000 150,000 1,000,000 180,000 800,000 200,000 700,000 225,000 0 Q Search A W X CA FO WA", "transcribed_text": "", "related_book": { "title": "Financial Accounting in an Economic Context", "isbn": "9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292", "edition": "8th Edition", "authors": "Jamie Pratt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/61.jpg", "uri": "\/textbooks\/financial-accounting-in-an-economic-context-8th-edition-61", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8762329248", "uri": "\/textbooks\/million-dollar-signature-a-notary-public-s-guide-to-financial-freedom-1st-edition-979-8762329248-221024", "name": "Million Dollar Signature A Notary Public S Guide To Financial Freedom", "edition": "1st Edition" }, "question_posted": "2024-06-21 07:13:40", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/if-a-b-r-and-b-0-show", "description": "If a; b R and b 0, show that: (a) |a| = a2; (b) |a\/b| = |a|\/|b|.", "stars": 3 }, { "url": "\/study-help\/accounting-information-systems\/what-is-it-about-budgeting-that-adds-discipline-to-the-1311000", "description": "What is it about budgeting that adds discipline to the planning process?", "stars": 3 }, { "url": "\/study-help\/psychology\/salary-if-known-1980510", "description": "Salary (if known)", "stars": 3 }, { "url": "\/chamberlain-enterprises-inc-reported-the-following-receivables-in-its-december", "description": "Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2011, year-end balance sheet: Current assets: Accounts receivable, net of $24,000 in allowance for uncollectible...", "stars": 3 }, { "url": "\/study-help\/questions\/explanations-calculations-if-needed-please-brief-exercise-144-the-9797528", "description": "*Explanations \/ Calculations if needed please *Brief Exercise 14-4 The Skysong Company issued $310,000 or 12% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each...", "stars": 3 }, { "url": "\/study-help\/questions\/julyen-inc-forecasts-the-following-sales-levels-january-p420-february-4437626", "description": "JULYEN, Inc. forecasts the following sales levels: January, P420; February, P435; March, P450; and April, P470. Historically, 40% of its sales are for cash. Of the remaining sales, 80% are collected...", "stars": 3 }, { "url": "\/study-help\/questions\/cash-flow-analysis-kary-kinnard-has-an-opportunity-to-open-1040204", "description": "Cash flow analysis. Kary Kinnard has an opportunity to open a franchised pizza outlet. He can lease the building, so he needs to invest only in equipment, which he estimates will cost $60,000. For...", "stars": 3 }, { "url": "\/study-help\/questions\/an-c-musk-does-not-want-to-have-to-meet-1005975", "description": "an. c. Musk does not want to have to meet all the requirements necessary for a public stock offering. Which exemption from the public offering registration requirements of the Securities Act of 1933...", "stars": 3 }, { "url": "\/study-help\/questions\/melissa-is-the-hr-manager-at-a-multinational-corporation-she-1056943", "description": "Melissa is the HR manager at a multinational corporation. She is currently developing a new code of conduct for the company, which will be applied across all global offices. Melissa wants to ensure...", "stars": 3 }, { "url": "\/study-help\/questions\/discuss-what-attributesqualitiesskills-an-operations-manager-has-to-have-in-1056926", "description": "Discuss what attributes\/qualities\/skills an operations manager has to have in this role (operations manager) to be effective and successful in the organization.", "stars": 3 }, { "url": "\/study-help\/questions\/what-are-the-operational-supply-chain-management-strategies-and-practices-1056940", "description": "What are the operational Supply Chain Management strategies and practices of the Goodman Fielder Fiji International Company", "stars": 3 }, { "url": "\/study-help\/questions\/metrics-that-do-not-improve-an-organizations-decision-making-ability-3232385", "description": "Metrics that do NOT improve an organization's decision making ability are also called _____________________. Group of answer choices latent metrics meta metrics engagement metrics vanity metrics", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/3-5-points-refer-to-the-following-game-q3-in-3415162", "next": "\/study-help\/questions\/alternative-dispute-resolution-read-thisscenarioand-discuss-the-perceived-advantages-and-3415164" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "ONE Word document with all your answers labelled and in the correct", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/one-word-document-with-all-your-answers-labelled-and-in-3415163" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } "1" } }