Answer:
b. a firm whose product has an elasticity of 0.31
Step-by-step explanation:
A type of product that has elasticity less than 1 is considered as 'inelsatic goods. Inelastic goods would not have a decrease in demand even if they are increasing the price of their product.
This means that when the producer of this product increase the price, their profit will either stay stagnant or increase.
In most cases, products that are very crucial to fulfill our basic needs or day to day activity have this type of elasticity.
Example : Water and Gasoline,
Answer:
<u>After evaluating the expression, the result is 2/3</u>
Step-by-step explanation:
Let's evaluate the expression given to us:
-2 + 12 - 2³/ 2⁰ * 3
-2 + 12 - 8/ 1 * 3 ⇒ 2⁰ = 1 and 2³ = 8
-10 + 12/ 3
2/3
<u>After evaluating the expression, the result is 2/3</u>
Answer:
5%
Step-by-step explanation:
Look at the values from high school athletes (the first row of numbers) to the values of college student athletes (the second row). Since we are only looking for male percentages, ignore the women's basketball
Take any of the college values, and divide it by the high school values. After this, multiply by 100 to get a percentage
Example, 56500 ÷ 983600 = 0.05
0.05 * 100 = 5%
You will get 5% for all males sports in this table