Explanation:
It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.
This means that the market elasticity of demand is:
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Answer:
The correct answer is B
Explanation:
Defining the scope means all the work which is required to be completed in order to accomplish the objectives or goals of the project. In short, it comprise of the procedure of documenting, reviewing and the identifying the particular goals of the project, tasks, timeline dates, outcomes and costs to the objective of the project.
Therefore, the defining scope comprise of the process of organizational, reviewing the project charter and documents in order to establish the scope statement adding information as the requirements are developed.
Answer:
True
Explanation:
The statement ' An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investment will be lowest when the investment is compounded daily ' is true.
Investment refers to the process of investing money to earn money.
Investment refers to purchasing goods that may not be used today but are consumed in the future to create wealth.
Answer:
eighteen years is the correct answer.
Explanation:
