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Kruka [31]
2 years ago
11

Indicate whether the demand of below goods is elastic or inelastic. Think about each good in terms of the typical person's quant

ity demanded.
a. Cocoa Pebbles cereal
b. Tropicana orange juice
c. fast food in the food court at the mall
d. blood pressure and diabetes medication
e. public water and other utilities
f. cigarettes if smoke 3 packs a day
Business
1 answer:
dexar [7]2 years ago
3 0

Answer:

Elastic Demand : a , b , c  

Inelastic Demand : d , e , f

Explanation:

Demand Elasticity is responsiveness of quantity demanded to price change. If demand responds more to price change, Demand is Elastic. If demand responds less to price change, Demand is Inelastic.

If goods have non necessary consumption or/ & have more substitutes, its demand can be reduced or shifted to other alternatives easily. So, such demand is Elastic. If goods have necessary consumption or/& have less substitutes, demand can be reduced or shifted to other alternatives easily. So, such demand is Inelastic.

a, b , c : 'Cocoa' Pebbles cereal, 'Tropicana' Orange Juice, Fast food in mall food court - Are single brands or sellers of a good among many competitors, so scope of substitution make their demand elastic.

d , e , f :  blood pressure and diabetes medication, public water and other utilities - are necessity goods and cigarettes if smoke 3 packs a day - implies the person is addicted to its consumption. So, their demand is Inelastic.

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When the mutually exclusive alternatives under consideration have only disbursements (service alternatives), the do-nothing alte
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Answer: False

Explanation:

When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive. In evaluating independent alternatives, each alternative is compared against the "Do Nothing" alternative.

For mutually exclusive alternatives, the do-nothing is a viable option when revenue alternatives are involved.

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Jamie ensures that his subordinates are closely guided and instructed throughout a project. He believes that this makes him a hi
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A project costs $12,800 and is expected to provide a real cash inflow of $10,000 at the end of each of years 1 through 5. Calcul
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Answer:

Net Present Value = $28756.79

Explanation:

First we need find the real rate of interest

Real rate of interest = (Nominal rate of interest - Inflation rate )

Real Rate of interest = (10.76% - 4%)

Real of Interest = 6.76%

Now using stream of cash flows and discount the at 6.76%

0 -12800              1.000        

1 10000               0.937

2 10000               0.877

3 10000               0.822

4 10000               0.770

5 10000               0.721

Through multiplying discount value with cash flow we get the discounted value of cash flows.

0 -12800      x        1.000      = -12800  

1 10000       x       0.937      =     9370

2 10000       x        0.877     =     8770

3 10000       x        0.822     =    8220

4 10000       x        0.770      =   7700

5 10000       x        0.721       =  7210

Adding the discounted cash flows we get the value of Net present value and that is equal to $28756.79

6 0
3 years ago
A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present va
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Answer:

present value of perpetuity = $29615.93

Explanation:

given data

pay = $300 per year

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solution

we get here present value payment after 5 year is

present value = \frac{future\ value}{1+ discount\ rate } ...........1

present value = \frac{1000}{(1+0.03)^5}

present value = $862.60

and

now we get present value on purchase date

present value = \frac{payment}{interest\ rate}   ......2

present value = \frac{862.60}{0.03}

present value = $28753.33

and

present value of perpetuity is

present value of perpetuity =  $862.60 + $28753.33

present value of perpetuity = $29615.93

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