Answer: -0.5
Explanation:
From the information given,
Demand curve = P = 600 – Q
Supply curve = P = 0.5Q
Equilibrium = Qd = Qs
Therefore, 600 - Q = 0.5Q
600 = Q + 0.5Q
600 = 1.5Q
Q = 600/1.5
Q = 400
Since P = 600 - Q
P = 600 - 400
P = 200
Price elasticity will be:
= (dQ/dP) × (P/Q)
=(-1) × (200/400).
= -1 × 0.5
= -0.5
The price elasticity is -0.5
Answer:=Jones recognizes $386.9 as interest
Explanation:
Fiscal year ending July 31st
there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st
Given amount or Principal amount = $75,700
Rate= 8%
Interest = Principal x Rate x Time
$75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360
=$386.9
Jones recognizes $386.9 as interest in the current fiscal year.
The coins were purchased in 1952 for their face value, one dollar per coin. This puts total face value at 59 dollars in 1952. They appreciate at 6.6% per year, so in 101 years, their value can be found through this calculation: 59 x (1.066^101) = $37,525.78.
Answer:
labor force participation rate = 68%
employment to adult civilian population ratio = 64%
Explanation:
total number of employed people = 160 million
total number of unemployed people = 10 million
total adult population = 250 million
total labor force = 170 million
labor force participation rate = total labor force / total adult population = 170 million / 250 million = 68%
employment to adult civilian population ratio = total number of employed people / total adult population = 160 million / 250 million = 64%
Answer:
have received its powers through the delegation doctrine.
Explanation:
The delegation doctrine establishes that Congress has the power to delegate authority to federal administrative agencies (e.g. FDA) which enables them to create rules regulating certain specific activities, and to provide oversight regarding the specific activities that they regulate.
In order to create this federal agencies and to delegate them authority, Congress must pass enabling legislation by which the agency is created. This legislation must specify the agency's name, purpose, functions and the specific powers being delegated to them.