Tangible means that whatever it is your talking of is easily sensed, through one of the 5 senses. I'm this case the narrator used just enough description that we can get a tangible idea of the orange she picked up. "...checked the texture...to make sure they were fresh," the narrator here describes the fruit in enough detail that we can envision the tangibility of the orange.
The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price.
Price elasticity measures the responsiveness of the quantity demanded or supplied of an awesome to a trade in its charge. it's far computed as the percentage change in quantity demanded—or furnished—divided by using the proportion change in rate.
An elastic call for is one wherein the change in quantity demanded because of a trade in charge is huge. An inelastic call for is one in which the trade in amount demanded because of a change in rate is small. The components used right here for computing elasticity.
Fee elasticity of call for is the ratio of the proportion exchange in the amount demanded of a product to the percentage alternate in charge.
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Answer:
The choice between consumption in the present and consumption in the future, perception of a close correlation between current income and consumption, and the smoothing of consumption over time as deriving from its comparison to the income which the individual would perceive as his/her permanent income.
Answer and Explanation:
Future value = Present value x (1+i)^n, where
n = number of years
I = interest rate
From the question n = 8 years for the amount $400 ,
n= 7years for $250 ,
n=4years for $300
interest = 3%= 0.03
Future value of $400 = 400 (1 + 0.03)^8 = $506.71
Future value of $ 250 = 250 (1+0.03)^7 = $307.47
Future value of $ 300 =300(1+0.03)^4 = $337.65
Answer:
$5,000 + $350f
Explanation:
The computation of the production cost in dollars is shown
Here we use the equation form
The start up cost is $5,000
Labor, material cost $350
Now if he makes f pieces of furniture so, his production cost would be
= Startup cost + labor, material cost
= $5,000 + $350f
Hence, this is the answer and the same is to be provided