Answer:
Expression or Word Mnemonic
Explanation:
This is by far the most popularly used mnemonic. To make an Expression or Word mnemonic, the first letter of each item in a list is arranged to form a phrase or word.
Answer:
Option (b) is correct.
Explanation:
Given that,
Initial price of good A = $50
Initial quantity demanded of good A = 500 units
New price of good A = $70
New quantity demanded of good A = 400 units
Average quantity demanded:
= (New + Initial) ÷ 2
= (400 + 500) ÷ 2
= 450 units
Change in quantity demanded:
= New - Initial
= 400 units - 500 units
= -100 units
Average price level:
= (New + Initial) ÷ 2
= (70 + 50) ÷ 2
= $60
Change in price level:
= New - Initial
= $70 - $50
= $20
Therefore, the price elasticity of demand for good A is as follows:
=
=
=
= -0.67
Total revenue before price increase:
= quantity demanded of good A × price of good A
= 500 units × $50
= $25,000
Total revenue after price increase:
= quantity demanded of good A × price of good A
= 400 units × $70
= $28,000
Therefore, there is an increase in total revenue with increase in the price level.
Answer:
1. Breast cancer is the fifth most common cause of cancer death. Positive statement
2. For women aged 60 to 69, breast cancer screening significantly reduces breast cancer mortality. Normative statement
3. Doctors should encourage women aged 60 to 69 to be screened for breast cancer. Normative statement
4. The government should force doctors to encourage women aged 60 to 69 to be screened for breast cancer. Normative statement
Explanation:
Normative statement usually expresses a value judgment. They are opinion based. It depicts whether the given statement is desirable or not. Statements 2, 3 and 4 are normative statements because they are giving values and passing judgement about when women should be screened breast cancer. It gives age group reference 60 to 69.
Positive statement are fact based. Just like statement 1 which gives the fact that breast cancer is fifth most common cause of cancer death.
If you were going to get a loan to purchase a new car, which financial intermediary would you use an investment bank.
<h3>What is
investment banking?</h3>
- Investment banking refers to certain business operations of a financial services firm or corporate division that involve advisory-based financial transactions on behalf of people, businesses, and governments.
- Such a bank, which is more frequently linked with corporate finance, could help a customer issue debt or equity securities by underwriting them or acting as their agent.
- An investment bank may also offer auxiliary services like market making, trading derivatives and equity securities, FICC services, or research to businesses engaged in mergers and acquisitions (M&A).
- The majority of investment banks continue to run their asset management and prime brokerage divisions alongside their companies that conduct investment research. Its sector is divided into the boutique market, middle market, and bulge bracket.
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