Answer:
Inelastic
Explanation:
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic
1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59
2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4
3. Price Elasticity = 0.4/0.59 = 0.68
4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic
Answer:
Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.
- Not included in the GDP since tires are a component of new cars, they are not a final product.
American consumers import $3.5 billion of woven apparel from Bangladesh.
- Included in the GDP as imports, which reduce total net exports (NX).
The U.S. government spent $523.1 billion on national defense.
- Included in the GDP as government spending (G).
Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.
- Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
Answer:
c. Simplified Employee Pension (SEP)
Explanation:
A simplified employee pension (SEP) is known as a retirement package that a company establish for the employees in the company. Furthermore, the company allows a monthly contribution in form of a tax deduction from the employees' monthly salaries. Therefore, based on the description provided in the problem, the correct answer is a Simplified Employee Pension (SEP).
Answer:
The correct answer is self-management.
Explanation:
Self-management is a system of social and economic organization where the people who develop an activity are the same as managing that business.
That is, in a self-managed company, workers have absolute powers for decision-making and control of the institution.
Self-management is closely related to areas of plurality and deconcentration. So, if it lacks proper planning it can generate duplication of functions (two people or areas performing the same task) and inefficiency in the use of resources.
Self-management is the organization system of a company by which workers participate in all general decisions. In this way, employees are able to carry out administration, production, self-assessment and self-demand tasks. In addition, they own part of the company's share capital and, therefore, participate in the business benefits.
