Answer: Group A
Explanation:
Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.
The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.
Steve will get $11360 with the process of simple interest.
<h3>what is simple interest?</h3>
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 14%
principal + interest = $8000
Time = 3 years
Simple interest
Now principal + interest = 8000+3360 = 11360
Therefore, Steve will get $11360.
To learn more about simple interest from the given link
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Answer:
50,900 units
Explanation:
a. The computation of the units were transferred out of Work in Process Inventory is shown below:
= Beginning inventory of work in process units + added to the production units - ending inventory of work in process units
= 8,100 units + 47,600 units - 4,800 units
= 50,900 units
Basically we added the production units and deduct the ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come
Answer:
Price, Speed, Gas type, Quality, and Reliability
Explanation:
