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1 year ago

major urban areas are the only places benefitting from the creative economies. group of answer choices true false g

Business

1 answer:

erica [24]1 year ago

7 0

It is TRUE that, major urban areas are the only places benefitting from the creative economies.

People using their imaginations to add value to ideas is the foundation of the creative economy. The phrase was coined by John Howkins in 2001 to characterize economic systems where the traditional resources of capital, labor, and land are not as important as new creative abilities. In contrast to creative industries, which are restricted to particular industries, the term is used to describe creativity across the entire economy.

A creative economy can be assessed in a number of different ways. The same economic indicators, such as producer outputs, consumer spending, employment, and trade, may be used. Value chains, price, and transactional data are other tools used by businesses. Additionally, there are other signs of intellectual property.

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When the local grocery store puts cereal on sale, reducing its price from $4.40 per item to $3.40 per item, the quantity sold in

Butoxors [25]

Answer:

1. Price elasticity of demand

2 & 3. 4.55%

4 & 5. 22.73%

6. 0.2

8. 15.79%

9. 0.56

Explanation:

Given that,

Initial quantity demanded = 220

New quantity demanded = 230

Initial price = $4.40

New price = $3.40

1. This illustrates the price elasticity of demand. Price elasticity of demand is defined as the responsiveness of quantity demanded to any change in the price of the commodity.

2 & 3. Percentage change in quantity demanded:

= [(New quantity demanded - Initial quantity demanded) ÷ Initial quantity demanded] × 100

= [(230 - 220) ÷ 220] × 100

= 0.04545 × 100

= 4.55%

4 & 5. Percentage change in price:

= [(New price - Initial price) ÷ Initial price] × 100

= [($3.40 - $4.40) ÷ $4.40] × 100

= 0.2273 × 100

= 22.73%

6. Price elasticity of demand for cereal:

= Percentage change in quantity demanded ÷ Percentage change in price

= 4.55 ÷ 22.73

= 0.2

7. The price elasticity of demand is comes out to be 0.2 which is less than 1, indicates that quantity demanded is less responsive to changes in the price level.

8 & 9. Given that,

Initial quantity demanded = 210

New quantity demanded = 230

Initial price = $4.10

New price = $3.50

Using the mid point method,

Average price:

= (Initial price + New price ) ÷ 2

= ($4.10 + $3.50 ) ÷ 2

= $3.8

Percentage change in price:

= (New price - Initial price) ÷ Average price

= ($3.50 - $4.10) ÷ $3.8

= 0.1579 or 15.79%

Average quantity demanded:

= (Initial quantity demanded + New quantity demanded ) ÷ 2

= (210 + 230) ÷ 2

= 220

Percentage change in quantity demanded:

= (New quantity demanded - Initial quantity demanded) ÷ Average quantity demanded

= (230 - 210) ÷ 220

= 0.0909 or 9.09%

Price elasticity of demand:

= Percentage change in quantity demanded ÷ Percentage change in price

= 9.09 ÷ 15.79

= 0.56

7 0

3 years ago

a stock is priced at $45 per share. the stock has earnings per share of $3 and a market capitalization rate of 14%. what is the

yulyashka [42]

Answer: A concept known as Present Value of Growth Opportunities (PVGO) offers analysts a distinct method of appraisal. Given current stock values...

Explanation: Where is PVGO located?

PVGO is the value of a stock minus the earnings-to-cost ratio.

This strategy is predicated on the idea that businesses need to distribute profits to shareholders in the absence of a better use for them, such as investing in projects with a positive Net Present Value (NPV).

What is a stock's PVGO?

The portion of a company's share price that reflects forecasts for future profits growth is known as PVGO. The abbreviation "PVGO" stands for "present value of growth opportunities."

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6 0

2 years ago

Which of the following cooking methods would produce food with a smoky, slightly charred flavor? A. Saut ing B. Grilling C. Roas

netineya [11]

Answer:

Explanation:

Grilling is the cooking method that would produce food with a smoky, slightly charred flavor.

8 0

3 years ago

A machine costs $1,000 and has a 3-year life. the estimated salvage value at the end of three years is $100. the project is expe

AnnyKZ [126]

Cost of machine = $1,000

$NPV of revenues = p( \frac{1- (1+RoR)^{-n} }{RoR} )$ = $600( \frac{1- (1+0.1)^{-3} }{0.1} )$ = $1,492.11

$NPV of salvage value = FV ( \frac{1}{ (1+RoR)^{n} }$ )= $100( \frac{1}{ (1+0.1)^{3} } )$ = $75.13

Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567

5 0

3 years ago

A farmer sells a bushel of corn to the supermarket for $12. The supermarket then sells the corn to customers for $25. What is th

allsm [11]

Answer:

$ 25

Explanation:

As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, <u>only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers</u>.

6 0

3 years ago