Answer:
A. Is self regulating
Explanation:
The fundamental theory of the classical economy is that the market economy is self regulating. The classical economists believe that an economy is always capable of achieving real GDP, that is GDP when resources are fully employed. And that, time to time, when GDP falls below or exceed the real GDP, the market economy has self-adjustment mechanisms to bring it back to the real GDP level. Classical economists believes in self regulating democracies and capitalistic market developments.
Solution:
↑P_penguin patties 5 %
↓Q_flopsicles 4%
↑Q_kipples 5%
= Cross price elasticity
-0.04/0.05 = -0.8 penguin patties to flopsicle
A drop in demand for the second commodity shall be responded by a smaller amount.
This means that when penguin patties reduce prices, people make decisions to purchase them when they are flopsicle.
0.05/0.05 = 1
The price reduction produces more kipple length.
This is an additional link even though consumers buy kipples with the difference or use part of the saving for the purchase of kipples because while the price decline.
Answer:
b) false
Explanation:
The basic classifications of project priorities are cost, time and performance. Profit is not included in the list, cost is included.
A project manager must decide how to manage the trade offs between cost, time and performance. E.g. if you want something well done and cheap, you cannot expect to have it done fast. If you want something done well and fast, it wouldn't be cheap.
Answer:
11.7%
Explanation:
Calculation to determine What were the dollar-weighted rates of return
Dollar-weighted rates of return=$500,000 + $500,000/(1 + r)
Dollar-weighted rates of return= $75,000/(1 + r) + [($500,000+500,000)+(10%*$500,000+$500,000)]/(1 + r)^2
Dollar-weighted rates of return= $75,000/(1 + r) + $1,100,000/(1 + r)^2
Dollar-weighted rates of return= 11.7%;
Therefore The Dollar-weighted rates of return is 11.7%