All categories

4 years ago

Resource X has many close substitutes, whereas resource Y has no close substitutes. Other things equal, we would expect

Business

1 answer:

zlopas [31]4 years ago

4 0

Answer:

Option D. The demand for resource X to be more elastic than the demand for resource Y.

Explanation:

The resource X which has close substitutes or greater number of substitutes are highly elastic because small increase in its price will drop the demand of the resource significantly as the customer will opt to substitutes due to price increase.

On the other hand, resource Y has least number of substitutes or no close are not highly elastic because small increase in its price will not drop the demand of the resource Y considerably as the customer will not have any option beside Resource Y.

You might be interested in

If the multiplier is 4 the mpc is

Inga [223]

Answer:

2.5

Explanation:

The multiplier effect is the magnified increase in equilibruim GDP that occurs when any component aggregate expenditures changes. The greater the MPC(the smaller the MPS)

4 multiplier equals 2.5 MPC

4 0

3 years ago

The World Bank’s (2009) World Development Report concludes that successful regional integration depends on positive changes with

Finger [1]

Answer:

Answer is option a, i.e. market size, location, and openness to trade.

Explanation:

The World Bank report provides a summary and guide to the social, economic and environmental conditions of the world today. The key features that the report focuses on are based on the market size (that how large the market covered under particular region is), location of the region defines what products and services are accepted in a particular region, and how open are the import and export between nations and various regions.

6 0

4 years ago

Before any serious discussion of purchasing a business occurs a _ should be conducted

Lesechka [4]

Blood group b shold constrentect

3 0

3 years ago

The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 20 years. If the

Angelina_Jolie [31]

Answer:

contest sponsors have to deposit $6795163.17 in the escrow account

Explanation:

given data

amount = $10 million

time = 20 year

rate = 4 %

to find out

how much do the contest sponsors have to deposit in the escrow account

solution

we know Cash flow per period = 10000000/20 = $500000

we will apply here future value formula to find amount

future value = cash flow × $\frac{1-(1+r)^{-t}}{r}$

here r is rate and t is time

put here value

future value = 500000 × $\frac{1-(1+0.04)^{-20}}{0.04}$

future value = 6795163.1724

so contest sponsors have to deposit $6795163.17 in the escrow account

4 0

4 years ago

Sever21 [200]

Answer:

c. Use ragged, unjustified right margins.

Explanation:

In the block letter format, all the parts of a letter have to be set at the left margin and the right margins are ragged. Also, the text is single spaced. According to this, the answer is that in the popular block letter format, ragged, unjustified right margins are used.

5 0

4 years ago