Price elasticity of demand is defined by Change in Quantity demanded / Change in Price.
Tom ordered 10 gallons of gas without asking about the price. This means that no matter the price, Tom orders the same quantity of gas (quantity demanded does not change with price). His demand is perfectly inelastic, or 0.
Jerry orders $10 worth of gas. This means that no matter how much it gives him, Jerry will pay $10. The price elasticity of demand depends on how much the price changes by.
For example, if price doubles from $5/gal to $10/gal, demand falls by 50% (2 gallons to 1 gallon), making his price elasticity -0.5
If the price increase 10% from $10/gal to $10.10/gal, demand falls 1% from 1 gal to .99 gallons, making his price elasticity -0.1
The appropriate response is true. Stock market is the total of purchasers and dealers (a free system of financial exchanges, not a physical office or discrete substance) of stocks (likewise called offers), which speak to proprietorship guarantees on organizations.
Answer:
450 million is the firm’s value of equity
Explanation:
In this question, we are asked to calculate the best estimate for the firm’s value of equity in millions.
To calculate this, we proceed as follows;
Mathematically;
Firm’s value of equity= [(Total corporate Value - (Notes payable + Long term debt)]
From the question, we identify the total corporate value as 750 million, the notes payable as 100 million and a long term debt of 200 million
Now, plugging these into the equation above, we have ;
Firm’s value of equity = 750 million - (100 million + 200 million) = 750 million - 300 million = 450 million
D. Both A and B
If you have good credit you will be able to qualify for cards with low APRs and if you have bad credit you will be charged higher rates
Answer:
Total profit for units sold for consignor is 15240 $
Explanation:
Revenue generated from the sale is equal to 40 * 750 $ = 30000$. Since this is consignment sale, revenue belongs to consignor minus the commission and expenses of the consignee. Therefore: 30000-1500-500-680 = 27320$. As the cost of each set was 250 and 40 sets were sold, total amount is 10000 and the cost of shipping 40 sets was 2080, total profit is therefore 15240$. The cost of shipping 40 sets we can get if we divide total cost with the number of sets shipped. Then we get cost per unit and since 40 sets was sold the shipping cost of that sale was 2080$.