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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.

1 answer:

Furkat [3]3 years ago

4 0

True the answer is true

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Annual maintenance cost for a particular section of highway pavement are $3,000.The placement of a new surface would reduce the

UkoKoshka [18]

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

that means that the maximum amount that can be invested = $17,877, and that way the NPV = 0

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3 years ago

Explain whether the following statements are true or false.

Nastasia [14]

Answer:

FALSE
TRUE
FALSE
TRUE
FALSE

Explanation:

Usually, derivative transactions are being used to hedge transactions so that decreased risk and used to increase the high returns, so the following statement is FALSE.
This statement is TRUE as hedge funds have typically had a minimum offer of the sum above $1 million.
This statement is FALSE as we can see that Hedge Funds are mostly uncontrolled on the market, on the other side we might argue that mutual funds are highly regulated.
this statement is TRUE because,The geographical location of the New York Stock Exchange is in New York.
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2 years ago

What is an easy way to convert an hourly wage into an approximate full-time annual wage?

polet [3.4K]

Convert Hours per shift into total days worked for a week then convert it into total 365 - Days working + Hourly Pay

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2 years ago

Income elasticity of demand is

coldgirl [10]

Answer: Option (a) is correct.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded with change in the income level of an individual.

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

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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Which position describes karl marx’s view of religion and society?

PtichkaEL [24]

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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3 years ago