Answer:
The price elasticity of supply is 0.0763 or 7.63%.
Explanation:
Price Elasticity of Supply shows response of quantity supplies to the price of the product supplied. Its Formula is as follow:
Price Elasticity of Supply = % change in supply / % change in price
Price Elasticity of Supply = (0.935% / 12.25%) x 100 = 7.63%
% Change in Supply = ( 100,935 - 100,000 ) /100,000 = 0.935%
% Change in Price = ( 449 - 400 ) / 400 = 12.25%
Answer:\a. High Individualism.
Explanation:
Hope this helps!
Answer:
Regency Bank : $51,347.27
King Bank : $46,590.99
Explanation:
The formula for calculating future value:
FV = P (1 + r)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
Regency Bank : $7,600 x (1.01)^(16 x 12) = $51,347.27
King Bank : $7600 x 1.12^16 = $46,590.99
Answer:
<u><em>No, Trade deficits occur when a country's investment spending is higher than its level of saving</em></u>
Explanation:
As sad above trade deficits occur when a country's investment spending is higher than its level of saving but it is not a serious problem .
Trade deficit is that in which the imports are more than the export.Trade deficit can cause problem like balance of payment which affects the shortage of foreign exchange and this situation can hurt the countries. Trade deficits not only affects foreign exchange but it also affects the economic stability and growth process.
The trade balance can corrected by consuming less and by saving more , and even by depreciate the exchange rate.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
