Answer:
True
Explanation:
It is true because if you right something that is not the full thing you might not know what the actual answer is (it has happened to me before multiple times)
I looked up the question, since this one is incomplete. I've attached an image of the correct chart. Elvis' marginal benefit of the fourth sandwich is his total benefit of eating 4 sandwich minus his total benefit from eating 3 sandwiches.
Looking at the chart, we see that this gives us 81-75 = 6.
Therefore, the Marginal Benefit of a fourth sandwich is 6.
Answer:
B
Explanation:
Elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to change in the price of the commodity.
It is of 3 types
1. Price elasticity of demand
2. Income elasticity of demand
3. Cross elasticity of demand
Answer:
32.03%
Explanation:
Data provided as per the question
Net operating income = $42,930
Average operating assets = $134,000
The computation of return on investment (ROI) is shown below:-
Return on investment =net operating income ÷ average operating assets
$42,930 ÷ $134,000
= 32.03%
Therefore for computing the return on investment we simply divide average operating assets by net operating income.