Answer:
11.36%
Explanation:
Divide the new price of roast beef with the old one. 7.69 / 5
7.69 ÷ 5 = 1.538
Also divide 1 with the number of years inflation occur
1 ÷ 4 = 0.25
Next, is to raise the first answer gotten to the power of second.
1. 538 ^ 0.25 = 1.113625
Subtract from from 1
1 - 1.1136235 = -0.1136 = - 11.36%
I would say a just to make sure he is making a right chocie
Production an increase in the price of inputs used to produce good
Answer:
Dividend.
Explanation:
The managers of Mandy's Muffins, Inc., decide to distribute the profits to the corporation's shareholders are known as a <u>dividend.</u> A dividend is a part of the profits and retained earnings of the company that shared among its shareholders. The value of the dividend is determined on a per-share basis and is to be shared among the shareholders equally of the same class.
Answer: Inelastic
Explanation:
The coefficients in a log-log model represent the elasticity of your dependent variable with respect to your independent variable. In other words, the coefficient in a log-log demand model is the estimated percent change in with respect to a percentage change in the independent variables like , , M, , etc.
Thus, coefficient of represents the elasticity of demand for good X with respect to Price of good x. So, Own-price elasticity of good x is 0.8.
Since this is less than 1 the good is relatively inelastic.