Answer:
PED = -0.4 or |0.4| in absolute terms
Explanation:
price elasticity of demand (PED) = % change in quantity demanded / % change in price
- % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
- % change in price = [($24 - $12) / $12] x 100 = 100%
PED = -40% / 100% = -0.4 or |0.4| in absolute terms
the demand is price inelastic since |0.4| < 1
this means that the change in quantity demanded is proportionally less than the change in price.
Answer:
The answer is option E) The type of analysis that Jamie is doing is best described as scenario analysis.
Explanation:
scenario analysis assesses the effect of changing all the input variables at the same time.
Scenarios being considered can relate to a single variable, such as the relative success or failure of a new product launch, or a combination of factors, such as the results of the product launch combined with possible changes in the activities of competitor businesses. The goal is to analyze the results of the more extreme outcomes to determine investment strategy.
In this case, scenario analysis is used in analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates.
Answer:
C) The authority-compliance style
Explanation:
Kim as well as other managers that follow the authority-compliance style believe that their subordinates are not important members of the organization. What matters is profits, and the higher the better, the needs of the employees are secondary.
This style focuses on exact work rules, arrangements, systems and discipline as a means to succeed. In the short run this leadership style can yield good results, improving employees' performance, but on the long run it doesn't work well, and all the benefits obtained at the beginning fade away.
The number of possibilities that are there for the ordered pair is 2.
<h3>Calculation and Parameters
</h3>
Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.
Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.
Making an equation:
ab= 2((a-2)(b-2))
ab= 2ab-4a-4b+8
ab-4a-4b+8=0
If we apply Simon's Favorite Factoring Trick,
ab-4a-4b+16= 8
(a-4)(b-4)= 8
Since b > a, then we have the possibilities
(a-4) = 1 and (b-4) = 8, or (a-4) = 2 and (b-4) = 4.
(5, 12) or (6,8) which gives us 2 possibilities.
Read more about possibilities here:
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Answer:
Consider the following calculations
Explanation:
According to this general formula
f1,k = [(1+rk+1)k+1/((1+r1)]1/k -1
f1,1 = [(1+ 4.9%)1+1/((1+4.4%)]1/1 -1 = 5.40%
f1,2 = [(1+ 5.6%)2+1/((1+4.4%)]1/2 -1 = 6.21%
f1,3 = [(1+ 6.4%)3+1/((1+4.4%)]1/3 -1 =7.08%
