Answer:
-2
Explanation:
To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:
Replacing 
Then we get that the elasticity of demand is 
The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.
<h3>What is grace period?</h3>
A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.
A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.
Thus, grace period is the period between the posting date and due date.
For further details about grace period, click here:
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Answer:
B False
Explanation:
Modified Internal Rate of Return(MIRR) is computed using the following steps:
- Compute the discounted cash flows.
- Sum all discounted cash flows to generate net present value (NPV).
- Compute IRR from NPV.
When a hurricane rips through Florida, the price of oranges rises because the: supply curve shifts to left. Correct answer: C
The supply curve represents that the higher the price (all other things constant) the larger the quantity supplied. Shift of the position of the supply curve depends on several factors like change in costs, change in labour or raw material costs. In our case, the hurricane results in increase of the price of the oranges and decrease in the quantity of oranges supplied. (the curve shifts left).
Answer:
$300,000
Explanation:
The grant of $300,000 happens not to have any restrictions mentioned alongside it in the question and as such will be declared or reported as revenue as an unrestricted grant. This is acceptable by the Governmental Accounting Standards Board, GASB.
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