Answer:
Option (a) is correct.
Explanation:
Average of quantity supplied:
= (70,000 + 30,000) ÷ 2
= 50,000
Percentage change in quantity supplied:
= (70,000 - 30,000) ÷ 50,000
= 0.8
Average of price change:
= (8 + 4) ÷ 2
= 6
Percentage change in price:
= (8 - 4) ÷ 6
= 0.667
Therefore,
Elasticity of supply in the market for gadgets:
= Percentage change in quantity supplied ÷ Percentage change in price
= 0.8 ÷ 0.667
= 1.2
The principal duhhh dumb add jhit
Answer:
10 years
Explanation:
A = P(1 + r)^n
A (amount) = $10,000
P (principal) = $4,500
r = 8.25% = 0.0825
10,000 = 4,500(1 + 0.0825)^n
10,000/4,500 = 1.0825^n
2.22 = 1.0825^n
Log 2.22 = Log1.0825^n
nLog1.0825 = Log2.22
n = Log2.22/Log1.0825 = 0.3464/0.034 = 10 years (to the nearest year)
Among all the choices, Brianna should take an internship
with a travel agency. Working in a hotel chain can be also an option, but it
may focus on the hospitality management, compared to obtaining an internship
with a travel agency wherein you can be exposed on dealing with the tourists.
You will be able to know how to arrange flights and accommodations and prepare
the itinerary as well. Overall, you will be trained to work as a travel agent whose
main role is to help people prepare and plan on their dream vacation.
