Answer:
b. 2.6
Explanation:
Price elasticity of demand measures how much quantity demanded changes in response to a change in price. The Midpoint Method uses the average percent change in both quantity and price.
The formula for calculating midpoint elasticity of demand is a below
PED=(Q2−Q1)÷(Q2+Q1)/2
(P2−P1)÷(P2+P1)/2
Where Q is quantity and P is price
PED=(15000−10000)÷(15000.+10000)/2
(60−70)÷(60+70)2
PED =5,000÷12,500
(10)÷65
PED =0.4
0.154
PED =2.5974
PED =2.6
Answer:
The correct answer is letter "A": Anthropology.
Explanation:
Anthropology is a social science in which the main objective of the study is the individual as a whole. It means, anthropology studies the human being through many focuses offered by disciplines such as natural, social, and science. Anthropology allows us to know men in his society and the culture where he belongs.
Answer: Ordinary income tax on earnings exceeding basis.
Explanation:
From the question, we are informed that a 60-year-old customer purchases a nonqualified variable annuity and withdraws some of her funds before the contract is annuitized.
The consequences of this action is that Ordinary income tax on earnings exceeding basis. It should be note that the distributions from a nonqualified plan had to do with return on original investment and income from the investment. Since there's defer of the income, it'll be taxable as an ordinary income.