Answer:
C. less than 1
Explanation:
Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.
Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.
When Price elasticity of supply equals 0 then supply is perfectly inelastic.
Answer:
Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500.
The value of the option if job growth is 193,500 is $0.
Explanation:
Since the job growth of 193,500 is less than the exercise price of 210,500 jobs, the value of the option on the contract in the given question is Zero.
Therefore, the value of the option if job growth is 193,500 is $0.
Sunday or Monday, depending on what loacation.
In a competitive market, a large number of producers compete with each other to satisfy the needs of their consumers. In here, no one or group of producers can dictate the price. <span>They have only one major decision to make—and that is, what quantity to produce. Therefore, when Tom decided to produce commemorative t-shirts, and decrease his output, This decision did not increase his revenue, since did not lead to higher market price nor the competitors will decrease their output. </span><span> The answer is C. decrease his revenue, for price remains the same.</span>
Answer:
C. per capita GDP
Explanation:
Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.
Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population. it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.
It is calculated by dividing the total GDP of a country by its population
therefore going by the question and the explanation given the best possible answer is C. Per capita GDP
