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Gemiola [76]
3 years ago
12

The new "Hungry for Apples?" campaign has been a resounding success, so that the quantity demanded is now 100% greater than befo

re the ad campaign. If the curve above represents demand after the campaign, what was the original quantity demanded when price was $4.40? a. 100 b. zero c. 50 d. 25
Business
1 answer:
tatiyna3 years ago
4 0

Answer:

Correct option is B.

Original quantity demanded was 25 .

Explanation:

We know that quantity demanded has risen by 100%.

New quantity is double that of the previous quantity.

If new quantity is 50 at P=$4.40, old quantity demanded must be 25.

To check if 25 was the old quantity demanded, ((50-25)/25)*100= 100% increase

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The correct answer is d

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3 years ago
A law firm seeks to recruit top quality experienced lawyers. the total package offered is the sum of three separate components:
Elena-2011 [213]

Answer:

  1. S = 1.2N + 3,000E + 1,000 * (A - 21)
  2. $204,000

Explanation:

1. An extra $1,000 for every year that they are over the age of 21. If the person is A years of Age then the expression is 1,000 * (A - 21).

An additional $3,000 for each year worked as a qualified lawyer. If the person has E years experience. Expression = 3,000E.

The basic salary is 1.2 time the candidate current salary. If the person currently earns $N the expression is; 1.2N

Putting that all together;

S = 1.2N + 3,000E + 1,000 * (A - 21)

2. Variables are; N = 150,000; E = 5 ; A = 30

S = 1.2N + 3,000E + 1,000 * (A - 21)

= 1.2 * 150,000 + 3,000 * 5 + 1,000 * (30 - 21)

= $204,000

7 0
3 years ago
g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bo
Scilla [17]

Answer:

c. decreases the value of its bonds

Explanation:

There is a significant decrease in the value of the bond if the firm declares bankruptcy.

4 0
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Getting a credit card math quiz question 3 of 5: you have a balance of $4,000 on your credit card with a 12% interest rate (1% p
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4 years ago
Read 2 more answers
John receives a marginal benefit of $80 from one missile. Nick receives a marginal benefit of $50 from one missile. Christina re
swat32

Answer:

Economy's marginal social benefit=$65

Explanation:

The economy's marginal social benefit can be calculated by getting the average of the individual marginal benefit.

This can be expressed as;

Economy's marginal social benefit=Sum of individual marginal benefit/Total number of individual's

where;

Sum of individual marginal benefit=John's marginal benefit+Nick's marginal benefit+Christina's marginal benefit=(80+50+65)=$195

Total number of individuals=3

replacing;

Economy's marginal social benefit=195/3=65

Economy's marginal social benefit=$65

7 0
3 years ago
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