Answer:
The income elasticy of demand for steak is 0.5
Explanation:
The income elasticity of demand formula is:
IED = Δ%Q / Δ%Y
Where:
- Δ%Q is change in quantity demanded
- Δ%Y is change in income
So for this case:
IED = 2%/4%
= 2/4
= 0.5
Answer:
The correct answer is: "People are rational".
Explanation:
Economics is the study of people's rational options when faced with scarcity and uncertainty, and that happens to all of us. The problem is that people are hardly rational, because our nature often acts against our economic interests.
Not long ago and until today, the work is done during the day, that is, Monday through Friday; A reality for most people. However, much of the economic activity, both ours and the entire world, operates 24/7. Today, millions of workers have unpredictable schedules. This is especially common in jobs related to services and retail sales. For example, many chain stores use personnel algorithms with traffic and apparently this makes sense, but shareholders always expect efficient efforts to maximize profits. If not, however difficult it is, particularly for workers, to get another job.
A. the ATM is owned by the bank of the account holder
The correct relevant amount of time taken by investment of $5000 to become $6000 will be 2.612 years. So the correct option that matches the quoted statement is D.
Compound Interest formula will be applied to calculate such investment to achieve the desired amount for the purpose of payment of down-payment of the car.
- Compound Interest is basically referred to as the interest over the accrued interest achieved over such time frame over the top of interest received on principal amount of investment.
- The formula of compound interest compounded monthly is as given below,
- Using the formula we can say that we require an interest of $1000 so that the amount becomes $6000. We can use the formula and put the values as under.
- This can also be written as,
- So we can say that it takes 2.612 years to make such investment into $6000 at the interest rate of 7% which is compounded on a monthly basis.
Hence, the correct option is C is that it will take 2.612 years to get returns as $6000 over such investment at the interest rate of 7 percent per year.
To know more about compound interest, click the link below.
brainly.com/question/25857212
Answer:
Stock analysts can use fundamental analysis to identify undervalued stocks
Rationale- in stock market , stock analysts know the pros and cons of investing shares in stock market. They have experience to take decision regarding to shares building. With their experience they can easily identify the undervalued stocks and invest shares in valued stocks. Manuel builds his portfolio on the stock analyst.