Answer:
$1.05
Explanation:
Mean is 40 quartz per day
standard deviation is 6 quartz per day
Optimal orders = mean demand + Standard deviation
Optimal order = 40 + 6
= 46 quartz per day
$0.35 * 2.84 * 49 / 46
= $1.05
Answer:
The correct answer is: price elastic; increase.
Explanation:
The price elasticity of demand for apples is 1.2.
This implies that the demand relatively prices elastic.
Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.
A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.
Answer:
His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.
Explanation:
Regular rate = $12 per hour
Rate for hours in excess of 40 hours per week
= (3/2) × $12
= $18
Rate for hours for Sunday is double
= 2 × $12
= $24
During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday
Period in excess of 40 hours during the week
= (9 × 5) + 4 - 40
= 9
Total regular earning = 40 × $12
= $480
Additional earnings = (9 × $18) + (4 × $24)
= $162 + $96
= $258
Total earnings = $480 + $258
= $738
I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
They can lose their personal assets.
