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Answer:
13.73%
Explanation:
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding = 365
= 0.1373 = 13.73%
Given:
Q0 = 1000 units
Q1 = 1400 units
P0 = $25
P1 = $35
Required:
Price elasticity of Supply =?
Solution:
The price of elasticity of supply is a ratio between the change in quantity demand and the change in pricing. Thus, it can be calculated as:
Price of elasticity of Supply = (Q1-Q0)/((Q1+Q0)/2) ÷ (P1-P0)/((P1+P0)/2)
Subsituting values,
Price of elasticity of Supply = (1400-1000)/((1400+1000)/2) ÷ (35-25)/((35+25)/2)
Price of elasticity of Supply = 1
Answer: Because this is where we get the highest returns from.
Explanation:
They are the force behind production and efficiency, getting them improved or better means improvement in production or efficiency which literally means there is much reward for time, money, resources etc spent. Their inefficiency could mean doom for any business or project. It could literally lead to loss.