Companies felt that unions were conspiracies which interfere with property right because, unions usually challenge the employers about the working conditions of their workers and the manner the employers treat their workers; they fight for the rights of the worker. Because of this, employers usually do all they can to stop unions from forming.
Answer:
PED = -1.4 or |1.4| in absolute values, price elastic
Explanation:
the price elasticity of demand (PED) using the midpoint method:
PED = % change in quantity / % change in price
- % change in quantity = {(Q
2 − Q1
) / [(Q2 + Q1)/2]} x 100 = {(200 − 300
) / [(200 + 300)/2]} x 100 = -100 / 250 = -0.4
- % change in price = {(P2 − P1
) / [(P2 + P1)/2]} x 100 = {(1 − 0.75
) / [(1 + 0.75)/2]} x 100 = 0.286
PED = -0.4 / 0.286 = -1.4 or |1.4| in absolute values
Answer:
In the given year, American population grew by 4% while China's population grew by 1.2%.
Explanation:
The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.
To determine the percentage of population increase in each country, we must perform cross multiplications:
-U.S:
300 = 100
12 = X
(12 x 100) / 300 = X
1,200 / 300 = X
4 = X
The United States grew by population 4% in the year.
-China:
1,000 = 100
12 = X
(12 x 100) / 1,000 = X
1,200 / 1,000 = X
1.2 = X
China grew by population 1.2% in the same period of time.
Answer:
The answer is true.
Explanation:
The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.
This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.
<span>In the models that describe population growth, R stands for per capita population growth rate. The per capital growth rate is determined by the number of births and deaths within a city, state or country. In the models, the R will represented these numbers. </span>
