Answer:
B) -1.5
Explanation:
Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.
cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5
Answer:
An increase in the interest rate (r), ceteris paribus, will cause planned investment to decrease.
Explanation:
An increase in the interest rates determined by the Federal Reserve would imply that the American financial system would pay larger sums of money for direct investments in banks or bonds, which would stop capital investment outside the public financial system, that is, in stocks. private, real estate investments, etc., since money would be invested at a higher profit in safer sectors of the market.
Increased accountability of employees is typically caused by organizational/business ethics. Ethics are the standards in which a business or person operate at any given time, no matter the situation or who is watching.
Education and training provides employers, managers, supervisors, and workers with: Knowledge and skills needed to do their work safely and avoid creating hazards that could place themselves or others at risk. Awareness and understanding of workplace hazards and how to identify, report, and control them.
The cost of the car after 5 years from then, will be $15652.99.
Given here, the depreciation every year(r) 7% or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.
The value after 5 years can be calculated as,
Depreciated value = asset cost ×(1-r) n
= 22500 × (1-0.07) 5
= 15652.99$.
Thus, the car worths 15652.99$ after 5 years.
The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.
To learn more about Depreciation, refer this link.
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