For the answer to the question above,
we must use this formula,
(New - Old)/ (Ave. of New and Old)
In this case,
501k -500k/(500,500(which is the ave. of the two.
Then it would be 1k/500,500
Then the answer would be .0020
Then
-1.439.5/439.5 because this is the average of the two.
so the answer would be .0023
Then finally divide the rate on change of quantity by the rate of change in price which is
0.002/-0.0023
Then the answer would be -.87
So the elasticity on the demand of model T is .87 ( remove the negative because elasticity is always positive.)
Answer:
Explanation:
Features are something invented Benitez its like advice
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.
Answer:
the government, workers, and businesses of Country D
Explanation:
This reading describes a high inflation scenario where the general prices of goods and services is increasing more rapidly than household income. The problem with high inflation is that it reduces overall demand, which in turn lowers the entire GDP since consumption is by far the largest component of the GDP (in every single country, including D).
Once consumption starts to fall, a domino effect takes place and the businesses are negatively affected, and they are forced to lay off workers, and the government is also affected because their revenue decreases and their spending increases.
Answer:
The overhead variance for the year is $ 30000 and is Favorable/overapplied.
Explanation:
Overhead variance = Actual overhead - Applied overhead
= $470,000 - $500,000
= - $30000
Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.
