Answer:
A.50%.
Explanation:
The price elasticity of demand formula is:
PED = Change in quantity demanded / change in price
plugging the amounts into the formula we obtain:
2 = X / 25%
Now, simply solve for X:
2 x 25% = X
50% = X
Thus, the total quantity demanded would increase by 50%
Answer:
it takes 15 years 10 months to reach your goal.
Explanation:
The Fixed deposits are in the form of an ordinary annuity.
The Future Value of this Ordinary Annuity must be $207,819.47 ($250,000 - $42,180.53)
Thus find number of years that the fixed deposits would amount to $207,819.47.
Using a Financial Calculator enter the following data to calculate the period, N.
PMT = $5,000
P/yr = 1
r = 12 %
FV = $207,819.47
N = ?
Thus the number of years, N it takes to to reach your goal is 15.7921 or 15 years 10 months.
The finance cluster and the management cluster would be best for Scott because in finance he can work with money and others but in the management cluster he can be a leader working with others.
Answer: option "A" is correct
Explanation:
It's an official context for other options.
Answer:
c. 5
Explanation:
L Q MPL (ΔinQ/ΔinL) VMPL
4 52
5 60 8 80
6 66 6 60
7 70 4 40
8 72 2 20
Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL
A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.
