Answer:
Explanation:
In response to the price rise from $50 to $60, the quantity demanded of product X drops from 400 to 300 units. We know that price elasticity of demand is a measure of the responsiveness of changes in demand as a result of a price change. Thus,
% change in price = 
= 
= 0.1818
% Change in Quantity demanded
=
= 
= -0.2857
Thus,
Price elasticity of demand = 
= 
= -1.5715
Therefore, the price elasticity of demand = -1.5715
Answer:
Note Contract Date Principal Interest Rate Period of Note (Term)
1 March 7 $12,000 5 % 60 days
2. May 21 $18,000 7% 90 days
3. October 26 $ 14,000 4% 45 days
1. Maturity date = 6 May
Interest expenses = $12,000*5%*60/360
Interest expenses = $100
2. Maturity date = 19 August
Interest expenses = $18,000*7%*90/360
Interest expenses = $315
3. Maturity date = 10 December
Interest expenses = $14,000*4%*45/360
Interest expenses = $70
Answer:
c. exaggerate
Explanation:
Typically, before and after photos is used by company to convince the customers that their product has a desired effect. You can see this in advertisement for almost every products for weight loss (such as appetite suppressant or workout equipment.)
The before after photos that showed in the advertisement often exaggerated in order to give positive impression toward their product. For example, the companies often took the before and after photo from different angle in order to make the people seems slimmer.
Answer:
b. JuneCorp can contest the legality of the law if all three scrutiny tests determine that the law is necessary.
Explanation:
Scrutiny test is a situation whereby the legislative arm of the government passes a law inorder to further government interest in a partivular situation or towards its citizens. Strict scrutiny is used to ensure that, the givernmental discrimination in its new law is constitutionally valid.
Answer:
b) has sunk costs of exist6,000.
Explanation:
The cost which already been incurred and does not effect the decision being made. This cost is prospective cost. It can be avoided in decision making process.
Sunk Cost
Upgradation of Equipment = $6,000
Other cost are the routine costs which incur every year and future cost which is expected to be incur.
