Answer: the cross-price of elasticity of demand for chocolate syrup with respect to the price of milk would be :
e = % ΔQ chocolate syrup / %ΔP of milk
e = -4% / 2%
e = -2 %
Explanation:
Answer:
Option "Inversely" is correct.
Explanation:
Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.
Answer:
$641,455.26
Explanation:
Calculation to determine the value of your retirement plan after 40 years
First step is to determine FV Using financial calculator
N = 40*12 = 480
I = 8%/12 = .6667
PV = 0,
PMT = $150
CPT FV =$523,651.17
N = 20*12 = 240
I = 8%/12 = .6667
PV = 0
PMT = $200 ($350 - $150)
CPT FV =$117,804.08
Now let determine the value of your retirement plan after 40 years
Sum of FV =$523,651.17+$117,804.08
Sum of FV =$641,455.26
Therefore the value of your retirement plan after 40 years will be $641,455.26
Answer:
Strategic conversation
Explanation:
The above scenario exemplifies a strategic conversation. The strategic conversation is all about deliberating the company's vision and mission. In the bigger picture, managers and CEO's usually interact quarterly or once a year to discuss and explore different strategies in order to improve the company's operations. Strategic conversations are important because they help to identify problems and their remedial solutions.
Answer:
The answer is: A) 0.6
Explanation:
First we will calculate the midpoint for units:
- change in units = 40 - 60 = -20
- average units = (40 + 60) / 2 = 50
- midpoint for units = 20 / 50 = 0.4 (we only use positive numbers)
Now we will calculate the midpoint for price:
- change in price = 40 - 20 = 20
- average price = (40 + 20) / 2 = 30
- midpoint for units = 20 / 30 = 0.67
Finally we divide 0.4 / 0.67 = 0.6
