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4 years ago

If demand for a product is inelastic, what would you predict will happen to demand when its price rises?

1 answer:

7 0

when the overall price rises, quantity demanded will drop more than the overall price rise. This will cause the overall revenue brought in by the product to decrease. Elastic goods would have a smaller decrease in QD than the percentage of the price rise.

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At the conclusion of a tort trial the jury finds the plaintiff about 30% responsible for the damages she suffered and the defend

KonstantinChe [14]

Answer:

The answer is: $70,000

Explanation:

70% of the total damages equals $70,000 (70% x $100,000)

Comparative negligence refers to a legal defense used by the defendant to reduce the amount of damages that a plaintiff can recover. This is based on what percentage of the plaintiff's damages could be attributed to the plaintiff's own negligence.

6 0

3 years ago

The biggest factor in determining the price of a mortgage is:

kozerog [31]

I believe the answer is: c. interest rate

In mortgage we let an orgniazation (such as bank) to took ownership of a certain property that we want. We then pay the organisation with a certain amount of payment plus interest, and the ownership would be transferred to us after we complete all of the payment.

In this process, interest rate is the profit that the organization would take for their service. As the interest rate become lower, the amount of mortgage price would typically increased, and vice versa.

4 0

3 years ago

Consider a firm with a contract to sell an asset for $151,000 four years from now. The asset costs $96,000 to produce today. a.

abruzzese [7]

Answer:

a) loss of 3,388.87

b) it will break even at 11.99%

Explanation:

we will discount the 151,000 at 13% to know the current sales revenue at the sale

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 151,000

time 4 years

rate 0.13

$\frac{151000}{(1 + 0.13)^{4} } = PV$

PV 92,611.13

the present value is 92,611.13 while the cost is 96,000

there is a loss of 3.388,87‬

To know at which rate the firm break even:

PV = 96,000

$\frac{151000}{(1 + r)^{-4} } = 96,000$

$\sqrt[-4]{96,000/151,000} - 1 = r$

r = 0.11989

6 0

4 years ago

Bunyan Heavy Equipment, a U.S. firm, is investigating expanding into Russia using a greenfield venture. The committee researchin

adoni [48]

Answer:

All of these are valid concerns and very relevant indeed, but the most problematic situation would be:

D) Russia's recent actions to gain state control of private firms' assets.

Explanation:

Russia is perceived as a very corrupt state, I don't live in Russia so I can't be 100% sure. Russian leaders are famous for being multi-billionaires that used to be communists, sounds weird.

The problem with Russia is that when their leaders want a private company they just take it away from its rightful owner and many times when the rightful owners complain they are sent to prison and beaten up to death. This may sound crazy but it happened several times including Russia's largest private company Yukos in 2003. Its owner whose last name is Jodorkovski was sent to prison for about 10 years, and its CFO was beaten to death while being held in a Siberian prison.

4 0

3 years ago

The personnel director for Electronics Associates developed the following estimated regression equation relating an employee's s

valkas [14]

Answer:

a-1. An increase in the length of service (years) by one year will lead to a reduction in the job satisfaction test score by 8.69.

a-2. An increase in the wage rate (dollars) by $1 will lead to an increase in the job satisfaction test score by 13.5.

b. The predicted score of the job satisfaction test for the employee is 155.14.

Explanation:

a. Interpret the coefficients in this estimated regression equation.

a-1. Interpretation of the coefficient of x1

From the estimated regression equation, the coefficient of x1 is -8.69. Since the coefficient of x1 is negative, it implies that an increase in the length of service (years) by one year will lead to a reduction in the job satisfaction test score by 8.69.

a-2. Interpretation of the coefficient of x2

From the estimated regression equation, the coefficient of x2 is 13.5. Since the coefficient of x2 is positive, it implies that an increase in the wage rate (dollars) by $1 will lead to an increase in the job satisfaction test score by 13.5.

b. Predict the job satisfaction test score for an employee who has four years of service and makes $13.00 per hour.

Given:

y = 14.4 - 8.69x1 + 13.5x2 ………………… (1)

where

x1 = length of service (years) = 4

x2 = wage rate (dollars) = $13

y = job satisfaction test score = ?

Substituting the values into equation (1), we have:

y = 14.4 - (8.69 * 4) + (13.5 * 13)

y = 155.14

Therefore, the predicted score of the job satisfaction test for the employee is 155.14.

5 0

3 years ago