If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".
<u>Option: C</u>
<u>Explanation:</u>
In this scenario Henry is washing 20 windows or 2 bath tabs in an hour, which showcase his average washing of 10 windows over 1 bath tab in half hour. While here Rose is washing 30 windows or 1 bath tab in an hour by giving average of 15 windows over half bath tab in half hour, which is less than Henry's average of washing.
Thus on considering the above average of work performed by Henry and Rose in equal amount of given time for work, Henry is more prominent to be specialized in cleaning bath tubs while Rose will more expert in washing windows because she is cleaning more windows than Henry in same on hour of time.
A. that the product will work as described for a reasonable amount of time
Answer:
The correct answer is 10.48%.
Explanation:
According to the scenario, the given data are as follows:
Current price = $27
Expected dividend = $1.48
Growth rate = 5%
So, we can calculate the required return by using following formula:
Required return = (Expected Dividend ÷ Current Price ) + Growth rate
By putting the value in the formula,we get
Required return = ( $1.48 ÷ $27 ) + 5%
= 0.05481 + 0.05
= 0.10481 or 10.48%
Answer: C. does not hold, since the product sold is required for survival, so increasing the price did not affect consumption
Explanation:
The law of demand simply stated that when the price of a particular good increases, people will buy less of that product and when there is reduction in the price of the good, consumers will buy more of that particular product.
In the scenario in the question, the law of demand doesn't hold because despite the rise in price, the quantity demanded doesn't change.
Therefore, the correct option is C.