Answer:
C
Explanation:
Job 1
Annual Income+ Benefits- (annual housing & utility cost)
78,000+4,000-( 1,350*12)= 65,800
Job 2
Annual Income+ Benefits- (annual housing & utility cost)
100,000+2,500-( 3,150*12)= 64,700
Therefore, job 1 is a better choice
I think its true. I don't think its false so true
Answer:
d. Need more information.
Explanation:
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes.
When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.
The numbers presented by the question show a highly elastic demand for theater ticket prices in both cases, especially in the afternoon shift. Thus, the theater could lower the price of both, because in elastic demands, a negative variation in price will increase the demand. However, this is not enough to calculate profit maximization since the profit calculation formula also involves costs, which are not described in the question.
Answer:
B) (I) is false, (II) true.
Explanation:
Even though short term rates (Treasury bills) are much more volatile than long term rates (Treasury bonds), it is normal that the rate of return on Treasury bills is lower than the rate of return on Treasury bonds. Some of the reasons why Treasury bills have such a low rate of return is that they are very liquid investments and they don't pay any periodic interest.
