Answer:
Option (C) is correct.
Explanation:
Elasticity of demand refers to the responsiveness of change in quantity demanded with any change in the price level.
Elasticity of demand:
= (change in quantity ÷ old quantity) ÷ (change in price ÷ old price)
=[(12 - 8) ÷ 8] ÷ [($3 - $2.25) ÷ $3]
= 0.5 ÷ 0.25
= 2
Therefore, the price elasticity of demand is 2.
Answer: b. 36 years under scenario A, versus 18 years under scenario B.
Explanation:
The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.
The time is calculated by dividing 72 by the interest rate in question.
Scenario A
= 72/2
= 36 years.
Scenario B
= 72/4
= 18 years.
A caterer is someone who arranges the delivery, preparation and presentation of food for clients. If you've ever attended a bridal shower, fund raiser, rehearsal dinner, wedding reception or a bar mitzvah that had beautifully prepared and presented food, chances are that event was catered.
Answer and Explanation:
This is an example of corporation. Corporation is a legal entity wherein it goes public and offers its shares for ownership and trading in the primary and secondary market. Corporation is public limited company and has a board consisting of executives and CEO. Whereas, the shareholders do not interfere with the management decisions they are only concerned with their dividends.
In this case, Juan owned 1000 shares of DDX. DDX is a corporation because it is able to offers its shares to the general public and allows trading of shares for ownership.
