Answer:
500%
Explanation:
Given that,
Income elasticity of demand = 2.5
Consumer income increases from $100 to $300,
Therefore, percentage change in consumer income:
= [($300 - $100) ÷ $100] × 100
= [$200 ÷ $100] × 100
= 200%
Income elasticity of demand = (% change in Quantity demanded) ÷ (% change in income)
2.5 = (% change in Quantity demanded) ÷ 200%
Hence,
% change in Quantity demanded = 2.5 × 200%
= 500%
Answer: $3,150,000
Explanation:
Total cost of production will be the total sum of the material costs, labor costs and indirect costs.
Indirect Costs
It was estimated that 12,000 machine hours would be used at a cost of $60 million.
Indirect cost per machine hour is;
= 60,000,000/12,000
= $5,000 per hour
With 200 machine hours, indirect cost is;
= 200 * 5,000
= $1,000,000
Total cost of production = 1,250,000 + 900,000 + 1,000,000
= $3,150,000
Answer:
A. closed-end credit
Explanation:
Closed-end credit is a loan or a credit type where the funds would be dispersed at the time when the loan is closed and it would be paid back by involving the interest & finance charges
Since in the question it is mentioned that she would make the payment in 12 equal payments so here she is using closed-end credit
hence, the correct option is a.
Answer:b. A career is a series of steps or accomplishments working towards a lifelong ambition or goal.
Explanation:
a credit unionis a financial institution that is owned and controlled by its members rather than shareholders. The members of the credit union pool their deposits and provide loans and other financial services to each other.
