Answer:
24%
Explanation:
Price elasticity denotes the percentage change in quantity demanded in response to certain percentage change in price. Elasticity of price is calculated as follows:
Elasticity of price = % change in quantity / % change in price
-2.42 = % change in quantity / 10%
% change in quantity = 2.42 * 10%
% change in quantity = 24.2%
Answer:
200 cookies
Explanation:
The concept of opportunity cost arises as a result of the limited resources available to satisfy the unlimited human wants.
Opportunity cost is the cost or worth of the item forgone from the list of wants. Hence is is also called real cost or opportunity foregone.
The scale of preference ranks the wants in the order of preference.
If the resources available can only satisfy the first want, the second on the list is the opportunity cost.
As such, Susan's opportunity cost is the 200 cookies she failed to bake.
Answer:
b.financial statement analysis
Explanation:
- Some of the common techniques for analysis of the financial statements id the ratio, horizontal, and vertical methods. While the financial statement method analysis is the reviewing and analyzing a company's financial statements that include balance sheets, cash flow statements.
- And the specific techniques that involve evaluating risks, and the performance of the future of organization assets.