Answer:
I used an excel spreadsheet to answer this question.
Answer:
Price elasticity of demand is greater for the Car
Explanation:
Price elasticity of Demand = (Q2 - Q1/Q1) ÷ (P2 - P1/P1)
For the car,
PED = (110 - 100/100) ÷ (10000-9900/10000)
= 0.1 ÷ 0.01
= 10
PED = (110 - 100/100) ÷ (1000-900/1000)
= 0.1 ÷ 0.1
= 1
Since 10 > 1, hence the PED of the Car is greater than that of vacation homes.
Answer:
2.49%
Explanation:
The period 't' between 2015 and 1885 is:

The annual rate 'r' at which the original $0.02 value has been compounded over 130 years to reach a value of $0.49 is determined by:
![0.49 = 0.02*(1+r)^{130}\\r=\sqrt[130]{24.5}-1\\ r=0.0249 = 2.49\%](https://tex.z-dn.net/?f=0.49%20%3D%200.02%2A%281%2Br%29%5E%7B130%7D%5C%5Cr%3D%5Csqrt%5B130%5D%7B24.5%7D-1%5C%5C%20r%3D0.0249%20%3D%202.49%5C%25)
The cost of first-class postage has experienced an annual increase of 2.49% over this period.
Answer:
The correct answer is letter "D": As output increases, the managers can begin to have difficulty coordinating the operations of their firms.
Explanation:
Economies of scale mean that production becomes more efficient as the number of goods being produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production. In economies of scale, the cost of each product can depend on the size of the industry or the size of an individual company. The larger the number of products being manufactured does not necessarily imply the most difficult the companies' operations become.