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belka [17]
3 years ago
10

5. All of the following are good ways to assess your interests and skills, except

Business
1 answer:
solmaris [256]3 years ago
5 0
The answer to this is D. Hope this helped :)
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For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inel
Andreas93 [3]

Answer:

Note: While answering this question, there is a confusion as to whether the correct demand equation is p= 157 − x2 as it appears in the question, or p= 157 − x^2 which is suspected to be the correct equation. Whichever the case may be, answers are provided for the two equations. Just confirm from the original question or your teacher which one is correct and pick the relevant answer out of the two following answers:

1. If p= 157 − x2 is the correct equation:

Elasticity of demand = - 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p= 157 − x^2 is the correct equation:

Elasticity of demand = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is also inelastic.

Explanation:

Elasticity of demand is the degree of responsive of quantity demanded of a good to change in its price.

For this question, elasticity of demand can be computed using the formula for calculating the elasticity of demand as follows:

1. If p= 157 − x2 is the correct equation

E = Elasticity of demand = (p / x) * (dx / dp) ............................... (1)

From the question, we have:

p = 157 − x2.

Therefore, we solve for as follows:

x2 = 157 - p

x = (157 - P) / 2

x = 78.5 - 0.5p ....................................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5

Substituting values for dx/dp and x into equation (1), we have:

E = [p / (78.5 - 0.5p)] * (-0.5)

Since p = 20, we have:

E = [20 / (78.5 - (0.5 * 20))] * (-0.5)

E = [20 / (78.5 - 10)] * (-0.5)

E = − 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p = 157 − x^2 is the correct equation

E = (p / x) * (dx / dp) ............................................ (1)

From the question, we have:

p = 157 − x^2.

Therefore, we solve for as follows:

x = 157^(1/2) – p^(1/2)

x = 157^0.5 – p^0.5 ........................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5p^(-0.5) = -0.5/p^0.5

Substituting values for dx/dp and x into equation (1), we have:

E = (p / x) * (dx / dp)

E = [p /  (157^0.5 – p^0.5)] * [ -0.5/p^0.5]

Since p = 20, we have:

E = [20 /  (157^0.5 – 20^0.5)] * [–0.5/20^0.5]

E = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is inelastic.

4 0
2 years ago
Explain why the offer price is used to calculate the investment in a load mutual fund instead of the net asset value.
tatuchka [14]
When purchasing load mutual funds, you are charged a fee, or commission, which is added to the fund's net asset value.
6 0
3 years ago
Read 2 more answers
When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2
Shkiper50 [21]

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

8 0
2 years ago
One ethical dilemma that multinational firms must face is
Oksi-84 [34.3K]

Answer:

Bribery

Explanation:

they must decide whether to pay bribes or find alternative sources of supplies

7 0
2 years ago
If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock,
Vinvika [58]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $60,000

Premium on bonds payable A/c Dr $10,000

           To Common stock A/c $45,000

           To Paid in capital in excess of par A/c $25,000

(Being the conversion of bonds is recorded)

The computation is shown below:

For bonds payable

= sixty $1,000 convertible bonds

That means

= 60 × $1,000

= $60,000

For Premium on bonds payable:

= $70,000 - $60,000

= $10,000

For Common stock:

= 9,000 shares × $5

= $45,000

And, the remaining balance is credited to paid in capital in excess of par

6 0
3 years ago
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