Answer:
The more inelastic will be the demand for wheat.
Explanation:
Between 1950 and 2017, the price of wheat fell dramatically from $19.23 per bushel to $3.85 per bushel.
The supply of wheat increased substantially due to increases in productivity, shifting the wheat supply curve to the right.
Inelastic demand means that a proportionate change in the price of wheat will cause the quantity demanded to change less than proportionate.
With this shift in the supply curve as the price of wheat is falling the quantity of wheat is increasing. The larger the decline in the price of wheat the more inelastic will be its demand.
Answer: Having creative thinking can, Increase engagement and improve your abilities within the workplace.
Explanation:
Answer:
10.5%
Explanation:
Holmes company currently have an outstanding bond of 9% coupon
They also have a 14% yield to maturity
= 14/100
= 0.14
The marginal tax rate is 25%
= 25/100
= 0.25
The after-tax cost of debt can be calculated as follows
After tax-cost of debt= Yield to maturity × (1-tax rate)
= 0.14× (1-0.25)
= 0.14×0.75
= 0.105×100
= 10.5%
Hence the after-tax cost of debt for Holmes company is 10.5%
Answer:
(in the graph)
Explanation:
The PPF will show how Mario can only do as much of pizza and pasta and there is a certain point at which producing additional units of pasta or pizza comes at the cost of resinging a unit of the other good.
The points over the line and below the lien are attainable.
While those above the frontier are unattainable for Mario's current factor disposition.