Answer:
As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.
Explanation:
<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get,
</em>
<em>LD1 = 95-3(7.25) = 73.25
</em>
<em>LD2 = 95-3(9) = 68
</em>
Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33
The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.
Answer:
20 years mortgage:
maximum loan $ 209, 371.16
interest paid $ 150,628.84
30 years mortage
maximum loan $ 250,187.4216
interest paid $ 289,812.58
Explanation:
20 years mortgage:
C 1,500.00
time 240 (20 years x 12 months)
rate 0.005 ( 6% annual / 12 months per year)
PV $209,371.1575
Quota x number of cuotas - principal = total interest
1,500 x 240 - 209,371.16 = 150628.84
30 years mortgage
C 1,500.00
time 360
rate 0.005
PV $250,187.4216
Quota x number of cuotas - principal = total interest
1,500 x 360 - 250,187.42 = 289,812.58
Answer:
You got this, never give up!
Explanation:
Believe in yourself. : )
Answer:
b.The good is a necessity
Explanation:
The price elasticity of demand = percentage change in quantity demanded/ percentage change in price
3% / 12% = 0.25
When the coefficient of elasticity is less than one, demand is inelastic.
Inelastic demand means that when price increases, there is little or no change in quantity demanded.
Necessity goods are goods that are very important to consumers and thus they tend to have an inelastic demand. For example, medications.
Substitute goods are goods that can be used in place of another good because of their similarity. E.g. butter and margarine
Goods with many substitutes have an elastic demand. If price of a good increases, consumers can easily shift consumption to substitute goods.
Narrowly defined goods have an elastic demand because it is easier to find subsituites for such goods.
Demand is more elastic in the long run because consumers have more time to search for substitutes.
I hope my answer helps you
Answer:
The correct answer is letter "B": integration.
Explanation:
Advertising integration refers to bundling all mediums of communication possible business can use to promote its goods or services. This strategy reinforces the firm market position by repeating its advertising message constantly creating consistency and reducing the stress of having to create a different marketing approach for each advertising channel.
