Correct/Complete Question:
Florida has an agreement with some other states which recognizes the similarity in education and experience requirements for licensees. What is the agreement called?
(a) Reciprocity
(b) Mutual recognition
(c) Cooperative licensure
(d) Intrastate licensing
Answer:
B, Mutual recognition
Explanation:
Mutual recognition agreement is an agreement that exists between two or more governments that has all parties agree to recognize each other's assessment results.
As regards the state of Florida in the question, it has mutual recognition agreements with other state(s) in the the area of education and licensing.This means that Florida state has a the process if licensing a real estate agent.
Cheers.
Answer: The answer is Trend extrapolation
Explanation:
Answer:
(I) Price elasticity = 1/6
(II) the $2.5 price gives the higher revenue: 1,250
Explanation:
(I) price elasticity
↑Q (500 - 300)/((500+ 300) / 2)
↑Q 200 / (800/2) = 200/400 = 1/2
↑P (3.5 - 2.5)/((3.5+2.5)/2)
↑P 1/(6/2) = 1/3
(II) total revenue
3.5 x 300 = 1,050
2.5 x 500 = 1,250
No you can not afford it
1600•0.25= 400
1600-400=1200
1200-1200=0
