Answer:
The correct answer is "Percentage change in quantity demanded divided by the percentage change in price of that good".
Explanation:
The elasticity of demand is a measure used in economics to show the degree of response of the quantity demanded of a good or service to changes in the price it presents. It grants the percentage change of the quantity demanded about a unitary percentage change in the price, with the other variables considered constant.
The E is a measure of the sensitivity of the quantity demanded of a good or service to changes in its price. Its formula normally produces a negative result due to the inverse nature of the relationship between the price and the quantity demanded.
Have a nice day!
If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00
However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.
But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05
Therefore, Chloe saves $78.05
Answer and Explanation:
As we know that the soap is classified as health care products for the purpose of bathing. Also it acts as a grease cuter or the detergent but in the case of targetting the customers it would be treated as a health care product and commercial one also due to which it could be grown easily. But at the same time it should be ensured that there is no harmful effect
So if it is targeted in both the way than the business would grow in a fastest way that results in earning profits
After adopting the barter system, it was determined that a simpler form of exchange was required, leading to the choice of a single good that could be freely exchanged for any other good with the consent of the parties.
<h3>What is a barter system?</h3>
In trade, barter (derived from baretor) is an exchange system in which parties engage in direct exchanges of one commodity or service for another without the use of a medium of exchange like money.
Tribes from Mesopotamia are most likely where the bartering system began circa 6000 BC. The Phoenicians observed the procedure and incorporated it into their culture. These prehistoric humans traded goods for the food, tools, and spices they required.
The lack of foreign currency and the imbalance in the trade do not exist under this system. Waste that happens in a monetary economy does not happen in a barter system. since neither an excess nor a shortage of products exists.
To learn more about the barter system refer to:
brainly.com/question/1296806
#SPJ4
Answer:
Predetermined overhead rate is $30
Explanation:
1- Predetermined Overhead rate is :
Budgeted Factory Overhead / Budgeted Machine hours
$1,980,000 / 66,000 hours = $30 per machine hour.
The predetermined overhead rate is estimated by company management for the per unit overhead. In this case the machine hours are used as cost driver and the estimated overhead is divided by machine hours to identify overhead cost per machine hour.
