The first step that an investor should take before beginning to invest should be to establish investment objectives.
Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
<span>Changes in real income per capita</span>
Answer:
The correct answer is letter "B": differences in perception versus reality.
Explanation:
In the discussion, it is clear to see that Sam believes it is unfair to tax "responsible" people so others can benefit from the money collected. Whereas Teresa believes that providing part of those funds to promote health care programs is fair. The different points of view reflect a difference in perception over reality mostly in Sam's cases since not only "responsible" people are taxed. Everybody with revenue is. Even people who eventually benefit from social programs pay taxes too.
The principle will be calculate using simple interest given by:
S.I.=(PRT)/100
P=principle
R=rate
T=time
From the information given we have:
r=15%
t=7 months=7/12 years
S.I=155000
155000=P×7/12×15/100
155000=0.0875P
hence:
P=155000/0.0875
P=$1,771,428.571