Answer:
<u>A. elastic;</u> <u>inelastic </u>
Explanation:
Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in the price. It is mathematically expressed as:
wherein dQ= Change in quantity demanded
dP = Change in price
p = Original Price
q = Original quantity
Total revenue refers to total receipts of a firm from the sale of a good.
When price elasticity of demand is less than 1, it refers to inelastic demand which further means, the change in quantity demanded is less w.r.t change in price.
Similarly, when price elasticity of demand is greater than 1, it signifies change in quantity demanded is more w.r.t change in the price.
In the given case, the cashier thinks lowering prices will increase the total revenue. This indicates the cashier believes the demand to be elastic.
Similarly, the friend's belief of increased prices leading to increased total revenue signifies inelastic demand.
- E-mailed cover letters are made through digital computers while paper cover letters would be handwritten.
- In general, paper cover letters would be seen as more personal that e-mail cover letter
There different situations when both type of cover letters can be used.
E-mailed cover letters are more appropriate to be used if the companies scanned your application using a software (most large companies that post their jobs on online sites usually use this)
Handwritten paper cover letters on the other hand, is more appropriate if you had some sort of personal connection with the employers.
A mortgage is an example of voluntary debt - that is, debt a person or business creates in good faith and not under duress.
Mortgages are a sort of loan that can be used to buy or keep up a house, land, or another piece of real estate. The borrower agrees to make periodic payments to the lender, usually in the form of a series of regular instalments that are split into principal and interest. The property then acts as security for the loan.
Applying for a mortgage requires a borrower to make sure they meet a number of standards, including minimum credit ratings and down payments. Prior to closing, mortgage applications go through a thorough underwriting procedure. The borrower's needs will determine the different mortgage options, such as fixed-rate and conventional loans.
Learn more about mortgages here:
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Answer:
d.) discretionary expenses
Explanation:
We can explain going further into what is each item.
<u>A and B are your income </u>(for this question don’t sweat about the difference between gross and realized). They will constitute all the money you have in that period (the period will depend on the regularity of your income, it could be weekly, monthly, etc.).
Your fixed expenses are the things you will expend money on which, no matter what happens, will not change (it could be your rent, tax, health insurance, etc.).
Discretionary expenses, however, are costs that are things that you WANT, not NEED. It could go anywhere from a new shoe to a new boat (if you´re feeling rich, that is lol). That kind of expense will impact your available money (hey, nothing is free) but is not part of your budget as it is not a planned cost.
However, is important to note that if you wanna be super Monica Geller with your money you should forecast your discretionary expenses. Using your history as a base for calculating will eliminate most of the margin error.
