If the supply curve for a product is vertical, then the elasticity of supply is equal to zero.
Deliver curve, in economics, photo representation of the relationship between product charge and the amount of product that a dealer is inclined and able to deliver. Product rate is measured on the vertical axis of the graph and the amount of product provided on the horizontal axis.
The supply curve is a graphic representation of the correlation between the fee of terrific service and the amount supplied for a given duration. In a regular illustration, the price will seem on the left vertical axis, even as the amount provided will seem on the horizontal axis.
Deliver curve shift: changes in production fees and associated factors can purpose an entire supply curve to shift proper or left. This reasons a higher or decreased amount to be supplied at a given price. The ceteris paribus assumption: supply curves relate charges and quantities provided assuming no different factors exchange.
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Answer:
100 adults and 50 students should attend
and,
The maximum amount raised = $250
Explanation:
Given:
Admission for adults = $2.00
Admission for students = $1.00
Total persons that can be held in theater = 150
For every 2 adults there must be 1 student
let the number of adults be 'x' and the number of students be 'y'
thus,
we can write the above constraints mathematically as:
x + y = 150 ...............(1)
and,
x = 2y .....(2) (for 1 student i.e y = 1, there should be 2 adults i.e x = 2 × 1 = 2)
substituting the 'x' from 2 in the equation 1, we get
2y + y = 150
or
y = 50
Thus,
x = 2 × 50 = 100 (from equation 2)
Hence,
100 adults and 50 students should attend
and,
The maximum amount raised = $2 × 100 + $1 ×50 = $250
Answer:
1,000 Unfavorable
Explanation:
AH x AR = $84,000;
AH x SR = $83,000;
SH x SR = $85,000.
Compute the labor rate variance
then,
($84,000 - $83,000) = 1,000 Unfavorable
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Answer:
The correct answer is: As the interest in a product goes up, the price goes up.
Explanation:
Increasing interest and thus increasing demand leads to increased demand for a particular good or service. In this respect, as production remains constant, the increased demand for goods or services pressures the supply of this good or service, culminating in its price increase.
The expected share price after the third dividend is GH¢ 20.22
What is stock price?
The stock price can be determined as the present value of future dividends, years 1-3 and the present value of all dividends beyond year 3 which is known as the terminal value(i.e. the unknown selling price after the third dividend as required in this case)
The terminal value is the present value of future dividends after 3 years which needs to be discounted 3 years backward in the process of computing share price
Share price=12
Year 1 dividend=1
Year 2 dividend=2
Year 3 dividend=3
Terminal value=unknown (assume it is X)
discount rate=32%
Each future dividend can be discounted using the present value formula of a single cash flow shown below:
PV=FV/(1+r)^N
FV=each future cash flow/dividends
r=discount rate=32%
N=the year of dividends, 1 for year 1, 2 for year 2
12=1/(1+32%)^1+2/(1+32%)^2+3/(1+32%)^3+X/(1+32%)^3
12=3.20978378829618+X/(1+32%)^3
12-3.20978378829618=X/(1+32%)^3
(12-3.20978378829618)*(1+32%)^3=X
X=(12-3.20978378829618)*(1+32%)^3
X=GH¢ 20.22
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