Answer:
Since the price of peanuts increased by 20% and the price elasticity of demand is 0.8, then the quantity demanded will decrease by 16%.
Since the decrease in quantity demanded is proportionally smaller than the increase in price, then total revenue for farmers not affected by the drought should increase.
E.g. 100 pounds of peanuts sold at $10 per pound, total revenue = $1,000
price increased to $12 (20% increase) and quantity demanded decreased to 84 pounds.
total revenue = $12 x 84 pounds = $1,008
Answer:
e. None of the above
300 customers per week
Explanation:
The computation of weekly capacity of the cashier operation is shown below:-
4 Cashiers managed to deliver 40 customers an hour production to the beggars.
So, for 1 cashier the capacity will be 10 customers per hour.
Now, in a week of 5 days and 6 hours per day,
we have a total of 30 hours
The one single cashier the capacity will be
Capacity =Total hours × Customer per hour
30 × 10
= 300 customers per week
Therefore option is not available
Answer:
The answer is $150 billion
Explanation:
The profits from various forms of trafficking are estimated to be $150 billion annually.
Answer: no. Interest rate in euro zone is lower than interest rate in the united state
Explanation:
when interest rate rises, foreign investors will be attracted which will increase the demand for domestic currency. an increase is demand for domestic currency will increase the exchange rate level which is an appreciation of the home currency.
spot rate is $1.30 and future price is $1.35, the exchange rate increase which tells us that Home currency depreciated. A decrease in Interest rate increases Exchange rate level. Since exchange rate level is expected to increase we can assume that the interest rate of Euro zone is less than the interest rate of united states
