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Answer: The market for homes will be higher when there is increase in the amount of homes being built. In addition, the location of a house determines the cost of the house. For instance, a house located in an urban environment will cost more than the one located in a rural area. Irrespective of having the same components or features, the price will always vary.
Explanation:
Fort Myers is a commercial centre of Lee County, Florida. It is a major tourist destination in Florida. It is a metro city with job markets and a nice quality of live. Between 1994 and 2006, the prices of Fort Myers homes increased more than the rate of inflation. This is due to the quality of life and location of Fort Myers. An increase in the number of houses built increaseD the market for homes. This raised the price of houses higher than the inflation rate.
D. Both A and B
If you have good credit you will be able to qualify for cards with low APRs and if you have bad credit you will be charged higher rates
Answer:
$50
Explanation:
The price of the stock can be estimated using the constant growth dividend model
the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
growth rate = retention rate x ROE
Retention rate = 1 - payout ratio
ROE = Return on equity = 15%
Payout ratio = dividend per share / earning per share
Payout ratio = 3/5 = 0.6
Retention rate = 1 - 0.6 = 0.4
growth rate = 0.4 x 15 = 6%
Price of the stock = 3 / (0.12 - 0.06)
3/0.06 = $50
Answer:
The absolute value of the price elasticity of demand for canoe rentals is 0.9
Explanation:
In order to calculate absolute value of the price elasticity of demand for canoe rentals we would have to make the following calculation:
price elasticity of demand for canoe rentals = ((9-11)/(9+11)/2)/((125-100)/(125+100)/2) = -.9
price elasticity of demand for canoe rentals=-0.9
absolute value of -0.9 is 0.9
Therefore, the absolute value of the price elasticity of demand for canoe rentals is 0.9
