A bakery works out a demand function for its chocolate chip cookies and finds it to be q equals Upper D left parenthesis x right parenthesis equals 624 minus 25 xq=D(x)=624−25x, where qq is the quantity of cookies sold when the price per cookie, in cents, is xx. Use this information to answer parts a) through f).

a) Find the elasticity.
E(x)equals=nothing

b) At what price is the elasticity of demand equal to 1?
nothingcents¢ (Round to the nearest cent as needed.)

c) At what prices is the elasticity of demand elastic?

A. Less than 12cents¢
B. Prices cannot be elastic in this case
C. Prices are elastic at all values.
D. Greater than 12cents¢

d) At what prices is the elasticity of demand inelastic?

e) At what price is the revenue a maximum?
xequals=nothingcents¢
(Round to the nearest cent as needed. Use a comma to separate answers as needed.)

f) At a price of 22¢ per cookie, will a small increase in price cause the total revenue to increase or decrease?

1. Decrease

2. Increase

When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1