Answer:
Price elasticity of demand shows how much a 1% change in the price of a good or services changes the quantity demanded.
In the short run, a 10% increase in price decreases quantity demanded by 4%
PED short run = % change in price / % change in quantity = 4% / 10% = 0.4
PED long run = % change in price / % change in quantity = 7.5% / 10% = 0.75
Both PEDs are inelastic since they are less than 1, which means that an increase in price will result in a proportionally smaller decrease in the quantity demanded. But the PED in the long run is less inelastic, which means that an increase in price will decrease the quantity demanded more in the long than in the short run.
This happens because smokes consider that cigarettes are a basic necessity, so they are willing to purchase them even if the price increases. But as time passes (long run), more smokers will consider that it is not worth paying that much for cigarettes and will probably quit smoking or at least reduce the number of cigarettes they smoke per day.
Answer:
b. $ 952,500
Explanation:
The computation of the amount of the net income for earning to meet out the requirement is shown below:
Dividend = Net income - Target Equity ratio × Total capital budget
$400,000 = Net income - 0.65 × $850,000
$400,000 = Net income - $552,500
So, the net income is
= $400,000 + $552,500
= $952,500
Hence the Net income is $952,500
Therefore the correct option is b. $952,500
Answer:
If you don't find her/him i'll help you look for her/him
Explanation:
Answer:
The correct answer is generation X.
Explanation:
Generation X are at their peak earning power, but they don't feel the need to show off their wealth. Instead, they look for products that provide value for the money and good performance.
<em>This is evident in the topic 8.4 of the chapter 8 of Principles of Marketing.</em>
His total interest after three years is $1,135. 30.
<h3>What is interest?</h3>
Interest refers to money that is received in an investment or a loan. It is always a percentage of the principal sum.
For the first investment;
I = PRT/100 = $3,000 × 2.7 × 3/100 = $243
For the second investment;
A = P(1 + r/n)^nt
A = 5000(1 + 0.018)^3
A = $5275
I = $5275 - $5000 = $275
For the third investment
A = 5,000(1 + 0.00975)^(4 × 3)
A = $5617
I = $5617 - $5,000 = $617
Total interest = $617 + $275 + $243 = $1,135. 30
Learn more about compound interest:brainly.com/question/25857212
