Answer:
Opportunity cost = $6900 monthly or $82800 yearly.
Explanation:
Opportunity cost = $6900 monthly or $82800 yearly.
The opportunity cost is the gain forgone for the other alternative, or ultimately a loss to acquire other opportunity.
Here, the opportunity cost is gain of $6900 forgone to operate the fitness studio within the store by Nike.
Answer:
C) Exports decrease, imports increase
Explanation:
If the US dollar appreciates, the US dollar has now more value per unit of foreign currency than before. For example, suppose that today 1 US dollar buys 0.8 Euro, and tomorrow, Europe is hit by a financial crisis, and the US dollar appreciates, and buys 1.2 Euro. The US dollar has appreciated, has become more expensive, becomes now more euros are needed to buy 1 US dollar.
When the US dollar gains value, domestic goods become more expensive compared to foreign goods, and this promotes imports, and reduces exports.
This is the reason why China keeps a depreciated currency: China is an export economy and the cheap Chinese currency makes exports cheaper, and imports more expensive.
<span>These brand communities are effective because they provide a community for people belong to to feel part of things larger than themselves. They then help support the brand by sharing it with others who have similar interests and form an identity.</span>
Answer:
0.079
Explanation:
Price elasticity of demand using midpoint formula can be calculated as follows
Formula
Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)
Calculation
Elasticity of demand = (600/10,900)/(-2.1/3.05)
Elasticity of demand =-0.055 / -0.688
Elasticity of demand =-0.079
working
Change in price (2-4.1) = -2.1
Average price (2+4.1)/2=3.05
Change in quantity (11,200-10600) = 600
average quantity (11,200+10,600)/2 = 10,900
The elasticity of demand is inelastic as the elasticity is below 1.
