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meriva
3 years ago
15

A price change causes the quantity demanded of a good to decrease by 30%, while the total revenue of that good increases by 15%.

true or false: the demand curve is elastic in this region.
Business
1 answer:
Furkat [3]3 years ago
4 0
True the answer is true
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Answer:

$17,877

Explanation:

initial outlay = ?

net cash flows years 1 to 5 = $3,000 - $400 = $2,600

net cash flows years 6 to 10 = $3,000 - $800 = $2,200

assuming that the discount rate is 6%, we need to determine the maximum amount of initial investment that would result in the NPV = 0

in order to do this we have to calculate the present value of the future cash flows:

PV = $2,600/1.06 + $2,600/1.06² + $2,600/1.06³ + $2,600/1.06⁴ + $2,600/1.06⁵ + $2,200/1.06⁶ + $2,200/1.06⁷ + $2,200/1.06⁸ + $2,200/1.06⁹ + $2,200/1.06¹⁰ = $17,877

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3 years ago
Explain whether the following statements are true or false.
Nastasia [14]

Answer:

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  3. FALSE
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Explanation:

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Income elasticity of demand is
coldgirl [10]

Answer: Option (a) is correct.

Explanation:

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Income\ elasticity\ of\ demand=\frac{percentage\ in\ quantity\ demanded}{percentage\ change\ in\ income}

Income of an individual has a positive relationship with the demand for normal goods and has a negative relationship with the demand for inferior goods.

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3 years ago
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The position that describes Karl Marx's view of religion and society is his power with the connection to religion. Karl Marx as one of the most influential people in the history for he implemented various revolutionary actions which were condemned and criticized.
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