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3 years ago

7

Many new restaurants have opened in collegetown in recent years. given this change in supply, what type of demand would result f

rom a large drop in prices for restaurant meals?

1 answer:

melamori03 [73]3 years ago

6 0

The answer is Inelastic Demand. Hope this helps!!!
Have a great day!!

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With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at

Alika [10]

Answer:

''there will be at most as many POSITIVE rates...''

Explanation:

The measure of investments' rate of return which excludes external factors such as inflation is known as Internal Rate of Return(IRR)

It is used in;

(1). Savings and loans.

(2). Liabilities

(3). Fixed incomes

(4). Private equity and capital management.

(5). Maximizing total present value and so on.

It can be calculate using the formula below:

NPV= C(n)/(1+r)^n = 0

That is internal rate of return can be use in solving NPV = 0.

Therefore, 'With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at most as many POSITIVE rates of return as there are sign changes in the cash flow profile.''

4 0

3 years ago

Swimmers Co. operates a set of water parks with leisure facilities for families in Aqualandia. During January 20X1, Swimmers acq

ElenaW [278]

The Swimmers Co.'s Boat's value in use (net present value) is Eur 321,221.

Data and Calculations:

Pre-tax discount rate = 5% p.a., excluding inflation

Inflation rate = 2% p.a.

Inflated discount rate = 7% (5% + 2%)

Salvage value = Eur 20,000

<u>Projected cash inflows:</u>

Year Cash Inflows Discount Factor Discounted Cash flows

20X4 Eur 72,000 0.935 $67,320

20X5 Eur 69,000 0.873 60,237

20X6 Eur 64,000 0.816 52,224

20X7 Eur 59,000 0.763 45,017

20X8 Eur 52,000 0.666 34,632

20X9 Eur 45,000 0.623 28,035

20X10 Eur 38,000 0.582 22,116

20X10 Eur 20,000 0.582 11,640

Total discounted cash flows Eur 321,221

Thus, the Swimmers Co. will calculate the boat's value in use as Eur 321,221, taking into account all the discounted cash inflows.

Learn more: brainly.com/question/17185385

6 0

2 years ago

The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakesfor $1.00 each. What is the opportun

Tasya [4]

Answer:

D) $1.00

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

If I buy a cappuccino, I have forgone the opportunity to buy Russian tea cakes. Therefore, my opportunity cost is the price of Russian tea cakes.

I hope my answer helps you.

7 0

3 years ago

A famous painting was sold in 1947 for $21 comma 320. In 1998 the painting was sold for $32.1 million. What rate of interest c

Elden [556K]

Answer: 15.42%

Explanation: PV ( present value) = $21,320

FV (Future Value) =$ 32.1 million.

Years(y) = 1947-1998 = 51years

r = (FV/PV)^(1/y) - 1

r = ( $32,100,000 / $21,320) ^ ( 1/51) - 1

r = ( $1505.6285)^ ( 0.0196) - 1

r = 1.15421 - 1

r = 0.0154205 X 100%

r = 15.42%

4 0

3 years ago

Consider some determinants of the price elasticity of demand: • The availability of close substitutes• Whether the good is a nec

kondor19780726 [428]

Answer:

Inelastic demand, Amputation procedure

Explanation:

The good with no close substitute is likely to experience inelastic demand because the consumer does not any close substitute to change to, this means that even when price is increased, the consumer is not likely to stop buying if the good is a necessary good.

The Amputation procedure will have least elastic demand because the diabetes sufferer does not have close substitute to change to when price increase while Diamond necklace is a luxury good, when the price is increased the consumer stop buying or switch to other luxury goods such as gold, silver that are equally used for decoration purposes.

8 0

3 years ago