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NARA [144]
3 years ago
7

One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this ma

rket. As an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market.Using the midpoint method, the price elasticity of demand for soybeans between the prices of
Business
1 answer:
Nat2105 [25]3 years ago
8 0

Full question attached

Answer:

Not elastic

Explanation:

The formula for demand elasticity= percentage change in quantity/percentage change in price

Therefore demand elasticity = Q2-Q1/Q2+Q1/2/P2-P1/P2+P1/2

Using graph of demand attached

= 12-15/12+15/2/21-15/21+15/2

= -3/27/2/6/36/2

=-2/9/1/3

=-2/3

=-0.67

Elasticity is less than one and so demand is inelastic

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Gerard is a mid-level manager who believes that people do not like to work and try to avoid it. He therefore controls, directs,
liq [111]

Answer:

The correct answer is c. McGregor's Theory X.

Explanation:

Theory X is defined by Douglas McGregor in his 1960s book "The Human Side of Enterprise" as an <em>authoritarian</em> style of management. In the book, McGregor explains that styles of management are greatly influenced by how the manager views people. Theory X is based on the view that workers are inherently lazy and unmotivated, prefer to be directed, do not like to take responsibility and dislike to work in general. In this style of management, it is assumed that the only way to push employees to work is to provide them with incentives or punishments, according to their performance. Also, authority is centralized on a select few and employees are strictly controlled and supervised.

In this particular case, Gerard fits the Theory X style of management, as he coerces and threatens employees to push them to do their jobs. He has the belief that people don't like to work and avoid it.

6 0
3 years ago
Which of the following statments about government regulation of business is true?
BigorU [14]

Answer:

A

Explanation:

Just took the quiz

6 0
3 years ago
Fred bought life insurance five years ago. He forgot to tell them that he had a heart condition, and, as a result of that condit
Readme [11.4K]

Answer:

<h2>The answer, in this case, would be option a. or Incontestability clause.</h2>

Explanation:

  • In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.
  • Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.
  • The clause is commonly applicable in the case of life and health or medical insurance policies.
6 0
3 years ago
Krell Industries has a share price of $ 22.00 today. If Krell is expected to pay a dividend of $ 0.88 this year and its stock pr
tigry1 [53]

Explanation:

The computation is shown below::

The dividend yield = Annual dividend ÷ Market share price

where,

Market share price = $22 per share

Annual dividend = $0.88 per share

So, the dividend yield = ($0.88 per share ÷ $22 per share) × 100

= 4.0%

The capital gain rate is

= (Expected share price - initial price) ÷ (Initial price) × 100

= ($23.54 - $22) ÷ ($22) × 100

= $1.54 ÷ $22 × 100

= 7.0%

Now the total return is

=(Expected share price + expected dividend - initial price) ÷ (Initial price) × 100

= ($23.54 + $0.88 - $22) ÷ ($22) × 100

= $2.42 ÷ $22 × 100

= 11.0%

4 0
3 years ago
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115
Varvara68 [4.7K]

Answer:

1.3%

Explanation:

To find the monthly return , the formula is =

Interest payment/ present value

$15,000 / $115,000 = 0.013043 = 1.3%

I hope my answer helps you

5 0
3 years ago
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