Answer: The answer is A
Explanation: high unemployment and a low level of production
Answer:
The correct answer is: unitary elasticity.
Explanation:
Unitary elasticity takes place when the change in quantity demanded of a good or service represents a proportional change in price. Under this scenario, the elasticity -<em>measure of how prone is to react a good or service in price due to change in other factors, ceteris paribus</em>- equals to 1.
Answer:
151.05 euro
Explanation:
The computation is shown below:
Data provided in the question
€1 = $1.1364
$1 = $1.2408
And the new coat cost is $213 in Singapore
So, by considering the above information
The 1 euro = $1.1364 × $1.2408 = $1.4100512
So,
$1 = 1 ÷ $1.4100512 euro = 0.709194
So, the identical coat cost is
= $213 × 0.709194
= 151.05 euro
Answer:
6.97%
Explanation:
the formula to be used is
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$4,100.00 = $3,350.00 x ( 1 + r)^3
divide both sides of the equation by $3,350.00
$4,100.00 / $3,350.00 = ( 1 + r)^3
1.223881 = ( 1 + r)^3
find the cube root of both sides
1.069661 = 1 + r
r = 6.97%
