Answer: 179,811 shares
Explanation:
Given that,
Price of each share = $43
Amount needed for expansion = $6.8 million
Cost incurred for filing and legal fees = $352000
Underwriters have agreed to a spread of 7.5 percent
Now,
Net price after the underwriter spread = $43 × ( 1 - 7.5%)
= $39.775
Total capital needed = Fund needed for growth + Legal and filing fees
= $6,800,000 + $352,000
= $7,152,000
Number of shares sold = 
= 179,811 shares
To solve for the cross-price elasticity of demand:
Take the quantity of the diamonds demanded and divide it by the decrease in the price of sapphires.
Cross-price elasticity of demand = 15/25
Cross-price elasticity of demand = 0.6
When you are solving for the cross-price elasticity of demand, you are seeing the response to the demand of a item when price changes for another good.
<span>In the product development process, the stage of concept testing is followed by product development. The product must actually be in existence before market testing can be conducted. So, in this process, product development is in between concept testing and market testing.</span>
Answer: Rarely if ever
Explanation:
In an economy resources are limited while human wants are unlimited. So resources must be used in a way that maximum consumer wants can be met efficiently. In an economy when resources are allocated efficiently it is rarely possible to make some else better off without making someone else worse off. That is it is rarely possible to increase performance of some without sacrificing on some other dimension.
