Answer:
2) the demand for cigarettes was inelastic in the short run, but elastic in the long run.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if quantity demanded shows little or no sensitivity to changes in price.
Demand is elastic if a small change in price leads to a greater change in quantity demanded.
If the government taxes cigarettes, they become more expensive. In the short run, consumers do not have enough time to search for suitable substitutes for cigarettes. As a result, they continue purchasing the cigarettes despite the increase in price. Thus, demand is inelastic.
But over time, consumers would be able to find substitutes for cigarettes, as result they would reduce their demand for cigarettes. At this point demand is elastic. As a result of the fall in demand for cigarettes, the revenue the government earns from taxing cigarettes would fall.
I hope my answer helps you
Answer: $77.13
Explanation:
Based on the information given in the question, the current price of Lee's stock will be calculated thus:
First, the required rate of return will be:
= 8% + (1.5 × 6%) = 8% + 9% = 17%
Year 1:
Cash flow: 1.05
Present value: 0.90
Year 2:
Cash flow: 1.47
Present value: 1.07
Year 3:
Cash flow: 2.06
Present value: 1.28
Year 4:
Cash flow: 118.34
Present value: 73.88
The current price of Lee's stock will be:
= 0.90 + 1.07 + 1.28 + 73.88
= 77.13
The current price of Lee's stock is $77.13.
Answer:
Golden Corral
Explanation:
because they have a chocolate fountain! lol. Also just because I like the food!
1. 53.33% U = p/(a*m) = 16/(10*3) =16/30 = 53.33%
2. Ca=10 months / 10months = 1, Cp = 32 months / 16 months = 2 Tq= (16/3)*[(0.5333)^(sqrt(2*(3+1))-¬‐1)/(1-¬‐(0.5333))]*(1^2 + 2^2)/2= 9.0 months
T= Tq + p = Tq + 16 months = 25 months
3. p = p / a = 16 / 10 = 1.6
Answer: D.) Allocate money to programs and projects
Explanation: just took the test. Quizlet.
