Answer:
0.60
Explanation:
The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.
The formula is given below:
Percentage change in quantity =<u> (Q2 -Q1) </u> x 100
(Q2 + Q1) / 2
Percentage change in price = <u> (P2 -P1) </u> x 100
(P2 + P1) / 2
Elasticity =<u> Percentage change in price__</u>
Percentage change in quantity
Inserting the data:
Percentage change in quantity =<u> (30 -20) </u> x 100 = <u>10</u> x 100 = 40%
(30 + 20) /2 25
Percentage change in price = <u>($20 - $10)</u> x 100 = <u>10</u> x 100 = 66.6%
($20 + $10) /2 15
Elasticity of supply = <u>40%</u>
66.6%
= 0.60
Answer:
$5,400
Explanation:
The computation of real gross domestic product is shown below:-
Goods Price base year Quantity current year Expenditure
2012 2013
A $2.00 600 $1,200
($2.00 × 600)
B $4.00 900 $3,600
($4.00 × 900)
C $2.00 300 $600
($2.00 × 300)
Real Gross domestic product $5,400
Therefore, Real GDP is the sum value of all the final goods and services generated by an economy in a given year, which accounts for inflation. The estimate is based on the prices of a selected base year.
Answer:
Section 5 of the FTC Act
Explanation:
Section 5 of the FTC Act prohibited companies to make "deceptive actions" during all activities in a commerce.
In marketing, this section of the Act prevented companies to falsely promoting their products. They're required to truthfully listed all ingredients of the product and banned from making claim that are misleading to the consumers.
For example, you can't claim a drug that you sell can cure cancer without proper authorized researches to back it up.
<span>New managers are often surprised to find that things like supply chain problems, customers and meetings take up most of their time. Rather than the vision they have upon being promototwd of spending their time leading a team. This can often lead to an adjustment period where a recently hired manager will need to learn to better divide their time between focusing on the clerical process and customers while also keeping a balance where employees are managed.</span>
There is 24 hours in a
day and you need to rest for 10 hours a day, so working hours = 14 hours
There is 60 minutes in
one hour so if you count one dollar per sec,
14 hours/day x 60 min/hr
x 60sec/min x $1 / sec = $50,400
So you can count $50,400/day
and when there is $5 billion which is equal to = $5,000,000,000
And there is 365 days in
a year so,
<span>$5,000,000,000 / ($50,400/day)
= 99206.35 / 365 = 271.8 years</span>
