Answer:
11.7%
Explanation:
The required rate of return = (D1/ / price) + g
The required rate of return = (2.1 / 25) + 0.033
The required rate of return = 0.084 + 0.033
The required rate of return = 0.117
The required rate of return = 11.7%
For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
Automobile manufacturing takes time, it may take an automobile company several months to years before it can switch from constructing one type of car to another type. Such a company will have relatively inelastic supply in the long run compared to other products whose production process can be easily changed.
A. we know it is not c or d cuz they would not fit but a and b are our options the answer would be B IF he was a worker but in this case he makes his money from a profit and pays the workers (they earned it) so it is A
