Answer:
To cover budget imbalances, governments borrow money
Explanation:
A government's national debt grows every time it borrows money.
Answer:
d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..
Explanation:
Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.
Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.
Answer:
The the elasticity of demand for biscuit is <u>-0.33</u>.
Explanation:
Elasticity demand is the degree of responsiveness of quantity demanded for a commodity to a change in the price of that commodity.
The elasticity of demand for biscuit can be calculated using the following elasticity of demand formula:
Elasticity of demand = Percentage change in Qd / Percentage change in price .................. (1)
Where Qd denotes quantity demanded.
Percentage change in Qd = [(New Quantity - Old Quantity) / Old quantity] * 100 = [(200 - 300) / 300] * 100 = -33.33%
Percentage change in price = [(New price - Old price) / Old price] * 100 = [(N500 - N250) / N250] * 100 = 100%
Substituting the values into equation (1), we have:
Elasticity of demand = -33.33% / 100% = - 0.33
Therefore, the the elasticity of demand for biscuit is <u>-0.33</u>.
Note that since -0.33 in absolute term |-0.33| is less than 1, the demand for biscuit is inelastic. That is, the change in the quantity demanded for biscuit responds less than the change in its price.
I don’t get this answer but ok
Answer:
It will increase by 0.91180239
The corrrect standard deviation is 79.96874389
Explanation:
<u>With the typo</u>
u = (100 + 200 + 250 + 275 + 300)/ 5 = 225
1 100 - 225 = -125
2 200 - 225 = -25
3 250 - 225 = 25
4 275 - 225 = 50
5 300 - 225 = 75
s = √{(1/(N-1) x (-125)^2 + (-25)^2 + 25^2 + 50^2 + 75^2)}
s = √{1/4 x 25,000}
s = 79.0569415
<u>With the correct value</u>
u = (100 + 200 + 260 + 275 + 300)/ 5 = 227
1 100 - 227 = -127
2 200 - 227 = -27
3 260 - 227 = 33
4 275 - 227 = 48
5 300 - 227 = 73
s = √{(1/(N-1) x (-127)^2 + (-27)^2 + 33^2 + 48^2 + 73^2)}
s = √{1/4 x 25,580}
s = 79.96874389
Difference 0.91180239
