Answer:
The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.
Explanation:
In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.
Answer:
The answer is 0.46
Explanation:
Firstly, 100shares x $60 x0.6
=$3,600
Step 2:
$3,600 x 0.6
=$2,160
Step 3:
100 x $40 - $2,169/100 x$40
$4,000 - $2,160/$4,000
$1,840/$4,000
0.46
Answer:
I would pay up to 81.52 dollars for the share that way I will get a 12% return at least
Explanation:
We need to calcualte the present value of the cash flow of each year using the formula for present value of a lump sum:
Dividends Present Value
1st year 3.00 2.678571429 *1
2nd year 4.25 3.38807398 *2
3rd year 106.00* 75.44870627 *3
<em>Value of the share at 12% discount rate 81.51535168</em>
*100 dollars from the sale plus 6 dollars of dividends
*1
Div: 3.00
time: 1
rate: 0.12
PV 2.678571429
*2
Dividends 4.25
time 2.00
rate 0.12000
PV 3.3881
*3
Maturity 106.00
time 3.00
rate 0.12000
PV 75.4487
Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
Answer:
D.
Explanation:
That's like saying I'll give you $500 if you can make this basket . He made a PROMISE with money he didn't have yet .
