Suppose there is a fall in the price of a good from $ to half the price, the quantity demanded increases from x to 3x units, and the price elasticity of demand is . Now suppose there is an increase in the price of a good from $ to double its price and the price elasticity is . The elasticity is enter your response here , and remains the same regardless of an increase or decrease in price. (Round your response to two decimal places.) This is known as ▼ income elasticity arc elasticity cross-price elasticity .

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40