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3 years ago

Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market.

Business

1 answer:

Hoochie [10]3 years ago

4 0

Answer:

The following are the solution to this question:

Explanation:

In option a, The trading shall take place at $55.50 because it's the best possible market value.

In option b, The trading being taken out at $55,25 since it is the best price available on the market.

In option c, The deal doesn't occur as $55.62 (minimum bid price) is moreover $55.25.

In option d, The transaction would not be taken out and it is under $55.37 (ask price).

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Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, quantity sold increased to 60 pairs.

Anna35 [415]

Answer:

0.6

Explanation:

Initial Units sold, Q1 = 40 pairs

Initial Price, P1 = $40

Final price, P2 = $20

Final units sold = 60 pairs

Now,

Using the midpoint formula,

the absolute value of the price elasticity of demand

price elasticity of demand = $\frac{\frac{Change in quantity sold}{\frac{Total quantity sold}{2}}}{\frac{Change in price}{\frac{Total price}{2}}}$

price elasticity of demand = $\frac{\frac{Q2-Q1}{\frac{Q1+Q2}{2}}}{\frac{P1-P2}{\frac{P2+P1}{2}}}$

price elasticity of demand = $\frac{\frac{60-40}{\frac{40+60}{2}}}{\frac{40-20}{\frac{40+20}{2}}}$

price elasticity of demand = $\frac{\frac{20}{50}}{\frac{20}{30}}$

price elasticity of demand = 0.6

7 0

3 years ago

Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi

Alinara [238K]

The total revenue and the marginal revenue when he sells the 100th pound of apples is
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.

4 0

4 years ago

You are aware that your neighbor trades stocks based on confidential information he overhears at his workplace. This information

Margaret [11]

Answer:

Semi-strong Form Efficient.

Explanation:

There are three levels of market efficiency as weak, semi-strong and strong.

In a semi-strong form efficient market, the stock prices change independently of the previous return points and the current information so it is not possible to predict the future stock prices.

The example given in the question, which states that the neighbor has non-public information, can be classified as a semi-strong form efficient market.

I hope this answer helps.

6 0

3 years ago

Nettie can produce 8 cupcakes or 4 hamburgers in an hour. becky can produce 4 cupcakes or 8 hamburgers in an hour. they each can

Alex73 [517]

The correct answers are four and four (4,4).

Why? Since Nettie was able to produce 8 cupcakes and 4 hamburgers within an hour, which gives her 8 cupcakes and 4 hamburgers available for trading while Becky was able to produce 4 cupcakes and 8 hamburgers in an hour. When they traded each other for a certain food its value will be equal to the opposite food, like 1 hamburger is equivalent to 1 cupcake, Nettie consumed 4 hamburgers, while Becky consumed 4 cupcakes, which is why they both consumed 4 pieces of food each after their trade.

4 0

3 years ago

Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social

WARRIOR [948]

Answer: Fair and Accurate Credit Transaction Act

Explanation:

From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.

Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.

7 0

3 years ago