Suppose When the Price of Cupcakes Goes from $2 to $3

question 104

Multiple Choice

Suppose when the price of cupcakes goes from $2 to $3 per cupcake, production increases from 350,000 cupcakes to 450,000 cupcakes per year. Using the mid-point method, what is the price elasticity of supply?

• A) 1.6
• B) 0.4
• C) 0.25
• D) 0.63

Understand the concept and functionalities of the semantic web.

Explore different methods of managing multiple webpages through tabs.

Interpret the benefits of using predictive browsing and how it enhances the user experience.

Acknowledge the capability of browsers to support linked data and informational websites.

---

Definitions:

Bluefin Tuna

A species of tuna known for its size, speed, and value, especially in sashimi and sushi dishes.

Common Resource

A resource that is available to all users, but which can be depleted if overused, such as fisheries, clean air, and public parks.

E-books

Digital versions of books, readable on electronic devices such as computers, tablets, and e-readers.

National Defense

Government-provided security against foreign aggression, encompassing the military forces and other defense measures.