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Andrew [12]
3 years ago
13

An initial license is issued in October of 2015. When must the license be renewed in order to prevent expiration?

Business
1 answer:
GenaCL600 [577]3 years ago
5 0

Answer: September 2017

Explanation:

From the question, we are informed that an initial license is issued in October of 2015. One thing that we need to understand is that the license will only be effective for two years.

So, before it expires it is logical to renew it. In this scenario, since the initial license is issued in October 2015, this means that it'll be renewed in 2 years which will be September 2017.

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The demand for textbooks is Q = 200 – P + 25 U – 50 P beer. Assume that the unemployment rate U is 8 and the price of beer P bee
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Answer: -0.5

Explanation:

Based on the information given, the price elasticity of demand will be calculated as follows:

= dQ/dP × P/Q

where,

dQ/dP = -1

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Q = 200 – P + 25 U – 50 P beer

Q = 200 - 100 + 25(8) - 50(2)

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Q = 200

Therefore, dQ/dP × P/Q

= -1 × (100/200)

= -1 × 1/2

= -1 × 0.5

= -0.5

The price elasticity of demand is -0.5.

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3 years ago
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Collateralized mortgage obligation (CMO) tranche A has been created to have the most predictable near-term principal pay off. A
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Answer: d. a lower yield

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Riskier securities command higher yield than less riskier ones as a way to compensate the holder for taking on more risk. With tranche A having the lower risk, it will have a lower yield.

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