Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
<h3>Percentage change in the quantity demanded</h3>
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
Learn more about percentage change in the quantity demanded here:brainly.com/question/25364127
Answer:
a.
Date Account Title Debit Credit
Jan. 31 Product Warranty Expense $15,160
Product Warranty Payable $15,160
<u>Working:</u>
Product warranty expense = Amount of sales for January * Estimated product warranty
= 379,000 * 4%
= $15,160
b.
Date Account Title Debit Credit
Jan. 31 Product Warranty Payable $355
Supplies $250
Wages payable $105
The costs of the warranty will be taken from the liability account for warranties because the warranty payable account represents that the company owes warranty repairs which the customer just came to collect.
Answer:
Option A, buy less of X and more of Y is correct.
Explanation:
The amount that Mr. Rational is going to spend = $27
Quantity of good X = 5 units
Price of good X (Px) = $3 per unit
Marginal utility of 5th unit of X (MUx) = 30
Quantity of good Y = 6 units
Price of good Y (Py) = $2 per unit
Marginal utility of 6th unit of Y (MUy) = 18



So good x will be substituted for y in order to reach the consumer equilibrium.

Thus, Option a. buy less of X and more of Y is correct.
Answer:
$291.56
Explanation:
Find the dividend amount per year;
D1 = D0(1+g ) = 3.40(1+0) = 3.40
D2 = 3.40*(1.05) =3.57
D3 = 3.57*(1.05) =3.7485
D4= 3.7485*(1.15) = 4.3108
D5 = 4.3108 *(1.10) = 4.7419
Find the Present value of each year's dividend;
PV (of D1) = 3.40/ (1.14 ) = 2.9825
PV (of D2) = 3.57/ (1.14² ) = 2.7470
PV (of D3) = 3.7485/ (1.14³ ) = 2.5301
PV (of D4) = 4.3108/ (1.14^4 ) = 2.5523
PV (of D5 onwards)
PV (of D5 onwards) = 280.7519
Next, sum up the PVs to find the maximum price of this stock;
= 2.9825 + 2.7470 + 2.5301 + 2.5523 + 280.7519
= 291.564
Therefore, an investor should pay $291.56