<span>what is the price-earnings ratio</span> is 17.1
Answer:
The new Quantity to be sold at $1 is 200 in the short run
Explanation:
The question is to determine the Popsicle sold each day in the short run for a price rise of $1
The formula to use for the Price elasticity of supply in short run
(New Quantity demanded - Old Quantity demanded )/ Old Quantity + New Quantity/ 2
÷
(New Price - Old Price) / (Old Price + New Price)/ 2
The formula can also be simply written as
[(Q2 – Q1)/{(Q1 + Q2)/2}] / [(P2 – P1)/{(P1 + P2)/2}]
Step 2: Solve using the formula
Old Quantity = 100
New Quantity = Q2
Old Price = 0.50
New Price = $1
Solve:
[(Q2 – 100)/{(100+ Q2)/2}] / [(1 – 0.50)/{(0.50 + 1)/2}] = 1
=100 + Q2= 3Q2-300
= 2Q2= 400
Q2= 400/2
Q2= 200
The new Quantity to be sold at $1 is 200
Answer:
An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.
Explanation:
The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.
Answer:
Every business has a moral duty to be a good corporate citizen.
Explanation:
Businesses are formed to make profit, and this is the primary goal of businesses. So when making a business case for a company to act in a socially responsible manner, the benefit to the business as profits is the primary consideration.
If it is argued that every business has a moral duty to be a good corporate citizen, it does not translate to profits or benefit for the company.
So this is a weak argument when a business case is being created for why businesses should act in a socially responsible manner.
The right answer for the question that is being asked and shown above is that: "<span>c.Frictional, seasonal, and structural unemployment " </span>most likely still occur when the economy has achieved full employment is that <span>c.Frictional, seasonal, and structural unemployment </span>
