The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called <u>development</u> economics.
Economics is the observation of scarcity and its implications for the use of assets, manufacturing of products and services, growth of manufacturing and welfare over time, and an outstanding form of other complicated issues of crucial problems to society.
Economics is the social science that researches the manufacturing, distribution, and intake of products and services. Economics specializes in the behavior and interactions of financial agents and how economies work.
Economics, at its very heart, is the study of people. It seeks to give an explanation for what drives human behavior, decisions, and reactions when confronted with difficulties or successes. Economics is an area that combines politics, sociology, psychology, and records.
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Answer:
The correct answer is option a.
Explanation:
The price elasticity of demand shows the responsiveness of quantity demanded to change in price. It is measured by the ratio of proportionate change in quantity demanded and proportionate change in price.
Unit price elastic means that the price elasticity of the good is 1. This implies that the percentage change in quantity demanded must be equal to the percentage change in price.
Diego is trying to focus and meet his self-actualization needs.
<h3>What is Maslow's Hierarchy of Needs?</h3>
Abraham Maslow's theory of Hierarchical needs explains that people are driven to meet fundamental wants before moving on to more complex requirements.
His theory emphasizes five hierarchical needs, these are:
- Physiological needs
- Security and safety needs
- Social Needs
- Esteem Needs
- Self Actualization needs
Therefore, based on the fact that Diego is concerned about his own personal growth and focusing on his career, we can conclude that Diego is trying to focus and meet his self-actualization needs.
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Brutus co's leverage ratio is 40%
<h3>What leverage ratio?</h3>
- The weighted average cost of capital (WACC), which includes common stock, preferred stock, bonds, and other types of debt, is the average after-tax cost of capital for a company. The WACC is the typical interest rate that a business anticipates paying to finance its assets.
- The rate that a business is anticipated to charge on average to all of the holders of its securities in order to fund its
Cost of capital is 6%, its equity cost of capital is 11%, its weighted average cost of capital is 5.8% and its tax rate is 25%.
WACC = (5.8% x 25%) + (5.8% x 11% x 6%)
WACC = 3.973
WACC = 40%
Brutus co's leverage ratio is 40%
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Answer:
Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.
Explanation:
Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.
- It is related to customer needs & product attributes.
- The level of implied demand uncertainly of jasmine rice is low, because the demand& supply of jasmine rice is predictable
- The jasmine rice has low contribute margin, accurate demand forecasts, low stock out rates and virtually no markdown.
- These characteristics match well with Fisher’s chart of characteristics for product with highly certain demand.