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Neporo4naja [7]
4 years ago
13

In the first couple of decades of the 20th century, most people

Business
2 answers:
Likurg_2 [28]4 years ago
7 0

Answer:

B. paid cash for purchases.

Explanation:

Purchases were made in cash because of the lack of technologies applied to the financial and banking role.

If we refer to the oldest ‘, the first credit card issued in Europe was introduced by the Barclays entity in the United Kingdom in 1966, inspired by the card that Bank America had already launched in the US a few years before. However, debit cards were not implemented until 1987, and if we think of pin or chip cards we have to move to 2002 to speak with ownership of the first.

Despite its late arrival, let's think that more than 300 years passed from the use of money as a payment method until the arrival of the bank card, it is currently the leading payment method in terms of value.

mario62 [17]4 years ago
3 0
<span>B. paid cash for purchases
that right</span>
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In​ 2015, Apple introduced the Apple Watch. Assume that the cost of producing the 38mm Apple Watch Sport was ​$88. The price was
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Apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.

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Price/ marginal cost ratio = Price ÷ cost

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b. The computation of Lerner index formula is shown below:

Lerner index = (Price - marginal cost) ÷ price

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c. The computation of elasticity of demand is shown below

Elasticity of demand = -  1 ÷ Lerner index

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