Answer:
<u>$35</u>
<u>Explanation</u>:
Note the formula:
Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q
<u>Total Revenue for 2 units of output sold</u>
= 2 x $50 = $100
<u>Total Revenue for 3 units of output sold</u>
= 3 x $45 = $135
<u>The Marginal Revenue=</u>
Change in TR (135-100) / Change in quantity (3-2)
= $35/1
= <u>$35</u>
Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.
The income elasticity of real money demand d. 3/4
Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%
Income elasticity of real money demand = % increase in real money demand / % increase in real income
= 3% / 4%
= 3/4
Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.
In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.
If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.
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Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
<h3>What is the payment monthly?</h3>
The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.
<h3>What is a loan amortization schedule?</h3>
It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner
It is given that:
- Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
- A fixed annual interest rate of 2.7% compounded monthly for 15 years.
The formula is:
Plug all the values in the above formula:
$1420.
Hence,
Cassidy's approximate monthly payment stands at $1420.
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Answer:Unity of command
Explanation:Henri Fayol principle of management is one of the most widely accepted standard for effective management of Organisations. This principles highlights fourteen(14) points that highlights how management can carry out their responsibilities.
UNITY OF COMMAND IS ONE OF THE PRINCIPLES OF MANAGEMENT BY HENRI FAYOL WHICH INVOLVES A TOP-DOWN(MANAGERS TO SUPERVISORS TO THE JUNIOR PERSONNEL) APPROACH TO GIVING INSTRUCTIONS.
Answer:
A. True
Explanation:
Tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.
