Solution :
Base year : 2019
Expenditure on crackers : $44
Expenditure on bandages : $12
Price of a firecracker : $1
Price of bandages : $3 per pack
Number of crackers bought =
= 44
Number of bandages bought =
= 4
Total expenditure in 2019 = $44 + $12
= $56
Year 2020
Price of a firecracker = $6
Price of a bandage = $3
Expenditure on the crackers = $ 6 x 44
= $ 264
Expenditure on the bandages = $ 3 x 4
= $ 12
Total expenditure in 2020 = $ 264 + $ 12
= $ 276
CPI in the year 2020 (base year 2019) =
= 492.8
Inflation in 2020 (2019 base year = 100) =
= 0.039
= 3.9%
So, CPI = 492.8
Inflation rate = 3.9%
A pay-per-view movie is an artificially scarce good because we CAN prevent consumption by people who do not pay for it, and the same unit CANNOT be consumed by more than one person at the same time.
The answers are "CAN" in the first blank while "CANNOT" in the second blank.
Answer:
Alternative I: (Extra dividend)
Price per share is $ 46.20
Shareholder wealth per share is $ 42.40
Alternative II: ( Share repurchase)
For share repurchase, the price per share and the shareholder wealth is equal to the stock price.
Explanation:
Alternative I: (Extra dividend)
Amount spent = $19,000
Outstanding shares = 5,000 shares
Stock price = $50
Price per share = Stock price -
= $50 - = $50 - $3.8
= $ 46.20
Shareholder wealth per share = Price per share -
= $46.20 - $3.8
=$ 42.40
Alternative II: ( Share repurchase)
For share repurchase, the price per share and the shareholder wealth is equal to the stock price.
Answer:
The statement is: False.
Explanation:
Business is one of the fields that require paperwork and reports to be transmitted seriously because of the type of information handled. <em>Inflation rates, the annual Gross Domestic Product (GDP) </em>or <em>a country's economic policy</em> are typical topics dealt in this field. For that reason, business writers <em>must be formal</em> without being afraid of using technical terminology where necessary.
Answer:
Explanation:
C(x) = x^3 + 33x + 432
average cost, Ca = C(x)/x
Ca = x^2 + 33 + 432/x
To find the minimum, we look at the critical numbers
differentiation C(x) = 2x - 432/x^2 = 0
multiplying by x^2
2x^3 - 432 = 0
x =6
x lies in the interval [1, 10}