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Agata [3.3K]
3 years ago
12

Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand

of this good is known to be 2. How must the price have changed?a. it increased by 15%b. it decreased by 66%c. it decreased by 15%d. it increased by 66%
Business
1 answer:
viktelen [127]3 years ago
8 0

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

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Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% an
Vinil7 [7]

Answer:

Amount paid in host country will be = Income * Tax rate in host country = $100,000*25% = $25,000

Amount paid in US will be Income * Tax rate in US - Tax paid in host country (Since the tax rate in host country is lower than USA) = $100,000*35% - $25,000 = $35,000 - $25,000 = $10,000

7 0
2 years ago
The use of teams is becoming increasingly prevalent in the U.S. workplace, partly because of the many benefits associated with t
Sauron [17]

Answer:

Better customer satisfaction

Greater employee job satisfaction

Lower employee turnover

Explanation:

Work teams can be defined as the group of employees that work together to accomplish a certain task or project. These teams are the most effective when expert advises are needed and required to accomplish a project which needs different set of skills. These teams are trained so they can meet the customers needs and wants successfully. They can understand customers well in order to meet their requirements which definitely will make them happy and satisfied and in some cases they can be delighted and over delighted.

When employees will work in work teams, they will interact with different workers having different set of skills, therefore, they can complete the tasks and project quite efficiently, which will ultimately make them satisfied. When employees will be satisfied at the work, they will not think about leaving the organization which in turn will result in lower employees turnover.

7 0
3 years ago
Tyell Corp. is a financial consulting firm. The firm has a varied client base. It also hires employees from various ethnicities
lara [203]

Answer:

In the given scenario, Tyell Corp. uses

b. readiness-based diversity training

Explanation:

Diversity Training:

A type of training in which the audience are trained to accept and understand the diversity of traits and cultural backgrounds of people.

  • In this scenario, Tyell Corp. teaches its diversified employees to ask questions stereotypes and change their personal opinion about each other. As this training is encouraging to understand the diversification so the option a and c are not valid.
  • The options b is valid as the consulting firm is motivating its employee to ask the questions and understand other people that is preparing the employee to accept the differences. So, they can work in harmony for the progress of the firm
  • The option d is not valid in this scenario, as this training is focusing on readiness of the employees to accept the cultural differences but not no skills.
8 0
3 years ago
Aaron wants to open a savings account.Which account will grow his money the most?
mash [69]

Answer:

Account 1 with a Interest rate 2%, Interest compounded daily ♡ hope this helps ♡

6 0
3 years ago
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of
lions [1.4K]

Answer:

It should cost $605,183.13 today.

Explanation:

Giving the following information:

Cash flow= $50,000

Number of years= 30

Interest rate= 7.25%

To calculate the present value, first, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {50,000*[(1.0725^30)-1]} / 0.0725

FV= $4,940,897.47

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 4,940,897.47/ (1.0725^20)

PV= $605,183.13

8 0
3 years ago
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