Planning in advance, using strategy and knowledge
Answer:
b. A decrease in price of 2% causes an increase in quantity demanded of 0%.
Explanation:
By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.
Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).
So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.
Answer:
Cost of goods sold = $6408
Explanation:
given data
beginning inventory = 79 units
cost = $18 per unit
purchased = 485 units
each cost = $18
totaled = 356 units
Sales = $43 each
to find out
cost of goods sold using the LIFO method
solution
we get here Cost of goods sold using LIFO would be here
Cost of goods sold = 356 units @ $18 per unit .................1
Cost of goods sold = 356 × $18
Cost of goods sold = $6408
Answer:
b) $200 billion
Explanation:
Calculation for what the Net private domestic investment is equal to:
Using this formula
Net investment = Gross investment – Consumption of fixed capital
Let plug in the formula
Net investment = $1,593 billion - $1,393 billion
Net investment = $200 billion
Therefore the Net private domestic investment is equal to:$200 billion
<u>Answer:</u>
The cost is paid through Private health insurance for most Americans.
<u>Explanation:</u>
Insurance in America is must for everyone, it is because by taking an insurance, not only the high cost of health care can be avoided but multifarious benefits can also be taken by the insurer. If a person becomes sick, then he does not need to pay but rather the insurance company will pay on his behalf. in order to rake insurance, it is necessary to pay some top y amount or insurance amount to the insurance company.