Answer: (B) Inelastic
Explanation:
According to the question, when the price of the t-shirt get increased then it generate the high revenue. This result into the decrease in the given quantity and it is smaller change as compared to the change in the price.
This process of the quantity results into the good in the inelastic. Inelastic is the term which is refers to the static quantity of the various types of good and the services and its price are get changed.
Therefore, Option (B) is correct.
Answer:
merge law and equity
Explanation:
In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.
However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.
In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.
If this does not work he can use the law to compel them to comply.
Answer:
Value of the bond = $862.013
Explanation:
The value of the bond is the present value of the future cash receipts expected from the bond. The value is equal to present values of interest payment and the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of the bond can be worked out as follows:
Step 1
<em>Calculate the PV of Interest payment
</em>
Present value of the interest payment
PV = Interest payment × (1- (1+r)^(-n))/r
Interest payment = $40
PV = 40 × (1 - (1.05)^(-12×2)/0.05)
= 40 × 13.7986
= 551.945
Step 2
<em>PV of redemption Value
</em>
PV of RV = RV × (1+r)^(-n)
= 1000 × (1.05)^(-12×2)
= 310.067
Step 3
<em>Calculate Value of the bond </em>
= 551.94567 + 310.067
=862.01
Value of the bond = $862.013
Answer:<em><u> Offering a discount to students and seniors</u></em> will allow the chocolatier to know which types of consumers are likely to have a lower willingness to pay.
Here the price discrimination should be in respect with the demography i.e. allow the chocolatier to sell truffles to the consumer based on their age groups.
<u><em>The correct option is (3).</em></u>
Answer:
c. $40,000
Explanation:
Reduction in Account Receivables $500,000
($2,500,000 * 20%)
<u>* Interest rate 11% </u>
Annual saving $55,000
Less: Annual cost of system <u>-$15,000</u>
Pretax Net annual savings <u>$40,000</u>
