Answer:
Reward-to-risk for stock Y = (0.124 - 0.052) / 1 = 0.072 = 7.2%
Reward-to-risk for stock Z = (0.082 - 0.052) / 0.6 = 0.05 = 5%
SML reward to risk is beta of market. i.e., 6.4%
Explanation:
Answer:
Hii
This answer is only for points
Explanation:
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Answer:
C. Marginal cost will equal average total cost when marginal cost is at its lowest point.
Explanation:
Marginal cost is the cost of each extra unit sold or produced. Average total cost is the average cost of all the units which is sold or produced during the period.
If marginal cost equal to the average cost the marginal can not be its lowest point because the lowest point cost will decrease the average cost it will not be equal to average cost, otherwise at the units has same marginal cost.
Answer:
See below
Explanation:
Price elasticity of demand describes how responsive the product of a product is to changes in its price. The term elasticity originates from elastic, which means to stretch. A product is price elastic if a small change in price has a significant impact on its demand. Should the price increase by a small percentage, the demand decreases by a considerable difference.
The demand for some products does not react to changes in prices. A small percentage increase or decrease in price does not result in a big change in the quantity demand. Such products are said to be price inelastic.
Substitute goods or goods with close alternatives are the most price elastic. A small change in price will make consumers consider the other alternatives. Examples of price-elastic goods and services include transport services, furniture, motor vehicle, and professional services such as lawyers, doctors, and auditors.
One technological advance I have experienced in detail was the conversion from Imperial to the metric system in Canada especially in the mines I worked at. The advantage was that now everything could be done in 10's like millimeters, centimeters, metres and kilometers for example. The drawback would be that I was accustomed to say with cars to use miles per gallon and I had a hard time to envisage kilometres per liter. Another innovation I experienced first hand was the development of the GPS. This made it easier to locate oneself in the field provided there was good satellite reception and at least for the handheld GPS the accuracy was only down to about +-5meters so was not exact. Only the more expensive GPS like the Trimble could zero one in with sub-centimetre accuracy.
