Answer:
B) 5 percent decrease in quantity demanded.
Explanation:
The price elasticity of demand is defined as the ratio of the percentage change in quantity demanded to the percentage change in price.
Given:
Price elasticity of demand, e = 0.5
Change in price, p = 10%
e = change in quantity demanded, q/change in price, p
q = 0.5 × 10
= 5 %
Change in quantity demanded, q = 5%
One category of project management software is high-end tools, sometimes referred to as project portfolio management (ppm) or <u>enterprise </u>project management software.
Project portfolio management software combines cloud concepts with an enterprise solution that helps organizations work more efficiently by using offering multiple levels of project data.
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Lexi Company forecasts unit sales of 1,600,000 in April, 1,280,000 in May, 930,000 in June, and 1,620,000 in July. Beginning inv
Alisiya [41]
Answer:
Month April May June
Purchases budget 1,832 1,140 1,206
Explanation:
<em>Purchase budget is determined as follows:</em>
<em>Sales budget + closing inventory - opening inventory</em>
'000
Month April May June July
Sales Units 1,600 1,280 930 1,620
Opening inventory (280) ( 512 ) (372 )
Closing inv.(40% of next mth) <u>512 372 648</u>
Purchase budget <u>1,832 1,140 1,206</u>
<em>Note that the closing inventory for a particular becomes the opening inventory for the next following month.</em>
<em>For example, the closing inventory figure of April ( 512 ) is the opening inventory for May.</em>
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a market that experiences perfect competition, prices are dictated by supply and demand. Firms in aperfectly competitive market are all price takers because no one firm has total market control. Unlike amonopolistic market, firms in aperfectly competitive market have a small market share
Answer:
E. a system in which governments may attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed.
Explanation:
Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
A system of managed floating exchange rates is a system in which governments may attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed. It is also referred to as managed float regime and it avails the central bank of a particular country to regularly intervene in the foreign exchange market so as to positively change the direction of the currency's float while significantly shoring up its balance of payments with respect to volatility.