Answer:
demand will fall by 10%
and revenue increase by 8%
Explanation:
the price elasticity is the relationship between the quantity demanded and the change in price:
demandQ / ΔPrice = price-elasticity
demandQ / 20% = 0.5
Qd =20% x 0.5 = 10% the demand will fall by 10%
Now, we can determinate the revenue:
QXP = TR
Qx1 = 1Q
after the price increase:
(1 - 0.1)Q x 1.2 = 0.9 x 1.2Q = 1.08Q
1.08Q > 1Q the total revenue should increase.
The maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Basically, a broker is entitled to a commission as a compensation.
The law governing mortgage loan brokers states that the maximum commissions for loans of a period of 2 years is 5% of the principal of a loan of less than 3 years.
Since the broker secure a $50,000 first mortgage.
Commission = $50,000 * 5%
Commission = $2,500
In conclusion, the maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Read more about Commission
<em>brainly.com/question/957886</em>
Answer:
The answer is option option A) The principle of social influence explains this phenomenon best is the principle of Reciprocity.
Explanation:
The principle of reciprocity is a popular social law of psychology that portrays the need to give to get.
It states that "in many social situations we pay back what we received from others".
Every body has a need. even the potential donors with all their wealth need validation every now and then
Therefore, taking on a reciprocity approach by the American Cancer Society by adding pre-printed address labels personalized as a gift to the receiver of the solicitation met the need for validation among potential donors which made their donation levels go up by 30%.
Answer:
Yes Gordon can sue Floors n' Mores for the settlement of the contract keeping in mind that Gordon has made partial completion of the contract. Full payment would be determined based on the completion of the total work in line withe the plans submitted when the contract was signed
Explanation:
In order to understand the scenario in case if Gordon wants to sue Floors n Mores they can only be compensated for the amount of project completion in line to the expectations that matches to Floors n More.
For Example if 75% of the work is in line with the expectation of Floors N More then Gordon should be paid total amount payable multiply by 75%.
Usually in such cases if the contract is fulfilled to certain extent it is preferred to close the contract based on the %age of completion because major reconstruction, buying of fixtures and furniture was executed. Hence major risks and rewards were transferred to Floors n Mores.
Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.
Education has help in a lot of ways. These ways includes;
- It has help to become better citizens.
- It has also help people to secure better-paid job.
- Education shows us the essence of hard work.
Community education is also called community-based education. This is simply an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of formal and informal methods.
Learn more from
brainly.com/question/14143681