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rewona [7]
3 years ago
8

Two drivers—Brian and Crystal—each drive up to a gas station. Before looking at the price, each places an order. Brian says, "I'

d like 10 gallons of gas." Crystal says, "I'd like $10 worth of gas."
Which of the following statements is correct? Check all that apply.

Brian's demand is perfectly inelastic.

Crystal's demand is perfectly elastic.

Crystal's demand is unit elastic.

Brian's demand is elastic.
Business
1 answer:
krek1111 [17]3 years ago
7 0

Answer:

Brian's demand is perfectly inelastic.

Crystal's demand is unit elastic.

Explanation:

Given that

Brian said = 10 gallons of gas

where, Crystal says = $10 worth of gas

By seeing the above information, we concluded that the Brain's demand is perfectly inelastic as the demand of the gallons are fixed

And, the crystal demand is unitary elastic as the expenditure would remain unchanged or fixed

In addition, the perfectly inelastic is when elasticity is zero , and unitary elastic is when elasticity is equal to one

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Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be se
earnstyle [38]

Answer:

29,867 units

Explanation:

Variable cost per unit (VC) = $75.00

Sales price (P) = 1.50 * VC = $112.50

Fixed costs (FC) = $1,120,000

Units sold (n) = ?

EBIT is given by:

EBIT = P*n - VC*n -FC

Therefore, the number of units sold required to break even is:

0 = 112.50*n - 75.00*n -1,120,000\\n=\frac{1,120,000}{37.5} \\n=29,866.7

Round up the value obtained to the next whole unit and the sales volume needed is 29,867 units.

6 0
3 years ago
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Demand-pull inflation occurs when
satela [25.4K]

Answer:

i think its b even tho im probbly wrong

8 0
3 years ago
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Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fi
Olin [163]

Answer:

b) fall to 8 percent.

Explanation:

First, irrespective of the duration of the bond, if the price is equal to the bond's face value, it means that the coupon rate is equal to the yield to maturity (YTM).

Initial YTM = 10%

Since this is a perpetually coupon paying bond, you use PV of perpetuity  to find the rate;

PV = Coupon PMT / rate

Given PV as $1,250, new annual rate would be;

1,250 = 100/rate

solve for rate by cross multiplying;

1,250rate = 100

divide both sides by 1,250

rate = 100/1,250

rate = 0.08 or 8%

Therefore, the

interest rate would fall to 8 percent.

7 0
3 years ago
Brewer Inc. has 5,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou
ASHA 777 [7]

Answer:

option 3 is correct answer that is $ 25000

Explanation:

Annual dividend paid to stakeholder = 5000\times $50\times 8% =$20,000

Dividend declared and paid in 2013 = $15,000

Preferred dividend = $20,000 -$15,000

                                = $5,000

since the available stocks are cumulative, No dividend has paid to common stockholders in the year  2014 until dividends in 2013 and annual dividends for the year  2014 are paid in full

therefore, $60,000 dividends declared and paid in 2014, the preferred stock holders will receive $5000 for 2013 dividend  and $ 20,000 for 2014 dividends

total dividends received by preferred stock holder in 2014 $5000 + $20,000

= $25,000

5 0
3 years ago
When the demand for the economy is expanding, the demand for loanable funds will ________.
nikklg [1K]

When the demand for the economy exist expanding, the demand for loanable funds will increase.

<h3>What is Demand?</h3>

The quantity of a good that consumers are willing and able to buy at various prices at a specific time period and location is known as the demand. The demand curve is another name for the relationship between price and quantity demand. Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

Loanable funds are all the resources that individuals and organizations in a given economy have chosen to set aside and lend to investors rather than use for their own needs. Savings are the source of the loanable funds available. It is predicated on borrowing that loanable funds are in demand. The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact.

Hence, When the demand for the economy exist expanding, the demand for loanable funds will increase.

To learn more about Demand refer to:

brainly.com/question/1245771

#SPJ4

7 0
1 year ago
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