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Answer:
3.36 years
Explanation:
The cash outflows and the cash inflows are shown below:
In year 0 = $4,300
In year 1 = $550
In year 2 = $970
In year 3 = $2,600
In year 4 = $500
When we add the first three-year cash inflows, it would be $4,120 Now we subtract the $4,120 from the $4,300, so the sum would be $180 as if we added the fourth-year cash inflow to the initial investment, then it exceeds.
Therefore, we subtract it, and the next year's cash inflow will be $500.
= 3 years + $180 ÷ $500
= 3.36 years
Answer: <em>True</em>
Explanation:
Baby boomers are known as demographic companion of the Silent Generation and also preceding the Generation X. This generation is mostly described as the individuals that are born in between the years 1946 and 1964. These individuals are known to be least likely to be associated with the inclination of term retirement with phrases such as "beginning of an end".
The consumer will buy 56 Units
Procedure to solve
Δp = 20% of 15
Δp = 20/100 × 15
Δp = 3
e = 0.6
Formula:
e = (Δq/Δp)×p/q
0.6 = (Δq/-3)×15/50
0.6 × (-3) = Δq × 0.3
Δq = 1.8/0.3 = 6
Price decreases and quantity increases
Therefore
q' = q+Δq
q' = 50+6
q' = 56
p is the given price, q is the given quantity, Δp is the change in price, Δq is the change in quantity, e is the elasticity, q' is the new quantity.
Price Elasticity
The price elasticity of demand can be said to be an economic measure of the increase in the quantity of commodity demands or consumes in relationship to its change in price.
The price elasticity of demand refers to the percentage change in the quantity demanded of goods divided by the percentage change in the price.
Learn more about elasticity here:
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