Answer: The three main types of unemployment are cyclical, frictional and structural unemployment. B
Explanation:
B. Cyclical and frictional are both related as they tend to cause more hardship because of its severity.
Answer:
Kindly check explanation
Explanation:
Given the data:
x___ f(x)
10__ 0.05
20__0.10
30__0.10
40__0.20
50__0.35
60__0.20
a. Is this probability distribution valid?
Yes
Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1
0≤f(x)≤1
b. What is the probability MCC will obtain more than 30 new clients
X = 40 + x = 50 + x = 60
0.20 + 0.35 + 0.20 = 0.75
c. What is the probability MCC will obtain fewer than 20 new clients
x = 10
f(x) = f(10) = 0.05
d)Compute the expected value and variance of x.
Expected value (E(x)) :
Σ(x * f(x))
= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)
= 43
Σ(x * E(x))² * f(x)
= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2
= 201
Answer:
$34.63.
Explanation:
The Gordon Dividend Discount Model will be used to calculate the current share price. This model helps us to determine how much should we pay for a stock and the analysis is based on dividends, growth rate, and our required rate of return. The model is as follows:
![Po = D1 / (1 + r )^1 + D2 / (1 + r )^2 + D3 / (1 + r )^3 + D4 / (1 + r )^4 + D5 / (1 + r )^5 + D6 / (1 + r )^6 + [(D7 / r - g) / (1 + r)^6]](https://tex.z-dn.net/?f=Po%20%3D%20D1%20%2F%20%281%20%2B%20r%20%29%5E1%20%2B%20D2%20%2F%20%281%20%2B%20r%20%29%5E2%20%2B%20D3%20%2F%20%281%20%2B%20r%20%29%5E3%20%2B%20D4%20%2F%20%281%20%2B%20r%20%29%5E4%20%2B%20D5%20%2F%20%281%20%2B%20r%20%29%5E5%20%2B%20D6%20%2F%20%281%20%2B%20r%20%29%5E6%20%2B%20%5B%28D7%20%2F%20r%20-%20g%29%20%2F%20%281%20%2B%20r%29%5E6%5D)
where
Po = Current market Price
D1 = Dividend Paid * (1 + g)
D2 = D1 (1 + g) ; D3 = D2 (1 + g) ; D4 = D3 (1 + g) ; D5 = D4 (1 + g)
D6 = D5 (1 + g) ; D7 = D6 (1 + g)
This implies that:
![Po = 2.7507 / (1.15)^1 + 2.8552 / (1.15)^2 + 2.9637 / (1.15)^3 + 3.0763 / (1.13)^4 + 3.1932 / (1.13)^5 + 3.3146 / (1.13)^6 + [(3.4405/.11 - .038) / (1.13)^6]](https://tex.z-dn.net/?f=Po%20%3D%202.7507%20%2F%20%281.15%29%5E1%20%2B%202.8552%20%2F%20%281.15%29%5E2%20%2B%202.9637%20%2F%20%281.15%29%5E3%20%2B%203.0763%20%2F%20%281.13%29%5E4%20%2B%203.1932%20%2F%20%281.13%29%5E5%20%2B%203.3146%20%2F%20%281.13%29%5E6%20%2B%20%5B%283.4405%2F.11%20-%20.038%29%20%2F%20%281.13%29%5E6%5D)
⇒ Current Market Price = $34.63.
Note: Figures are rounded up-to 4 decimal points. A difference of up-to $2 would not affect your scores as far as the methodology is correct.
Answer: Supply is more elastic than demand
Explanation:
Elastic demand means if there is an increase in price then the quantity demanded will decrease. Percentage change in price results in a percentage change in quantity.
If supply is more elastic then that would mean the producers are getting affected. Because a change in price would affect the quantity demanded and hence would affect the supply of the product. Taxes would mean the producers would have to increase the price of the product hence, affected producer surplus and decreasing the demand of the product.
Answer:
<h2>The function of money as <u>medium of exchange</u> is most closely related to the overall demand for monetary transaction.</h2>
Explanation:
- The transaction demand for money basically reflects the overall demand for monetary transactions in the economy which is essentially determined by the respective demands for goods and services and how many times they are commercially exchanged or traded in various markets in the economy.
- Therefore, the higher the commercial flow or movement of goods and services in the economy, the higher will be the demand for money in the economy.
- Now,one of the important functions of money is medium of exchange meaning that it is practically accepted as an universal medium of exchange for buying and selling any product or service in any economy or country across the world.
- Since, money is the only acceptable unit or medium of exchange for any commercial transaction or exchange, the demand for monetary transaction is also practically related to the money being used as unit or medium of exchange.