Answer:
-4.3; inelastic
Explanation:
Initial price = $6.45
Initial quantity demanded = 600
New price = $6.95
New quantity demanded = 400
Percentage change in Quantity demanded:
= (Change in quantity demanded ÷ Initial quantity demanded) × 100
= [(400 - 600) ÷ 600] × 100
= (-200 ÷ 600) × 100
= 0.3333 × 100
= -33.33%
Percentage change in price:
= (Change in price ÷ Initial price) × 100
= [($6.95 - $6.45) ÷ $6.45] × 100
= ($0.5 ÷ $6.45) × 100
= 0.0775 × 100
= 7.75%
Therefore, the price elasticity of demand is as follows:
= Percentage change in quantity demanded ÷ Percentage change in price
= -33.33 ÷ 7.75
= -4.3
Hence, the price elasticity of demand is inelastic.
Answer:
Explanation:
Expected return of portfolio is weighted average return of the components of portfolio.
Total portfolio = (200 * $134) + (100 * $110) = $37,800
Weight of S&P 500 = 26,800/37,800 = 70.90%
Weight of AGG = 11,000/37,800 = 29.10%
Expected return = (70.90% * 10%) + (29.10% * 8%) = 9.42%
Every purchase done by Peter should support His norms and values. He can either support large businesses that rips people, plants, animals, and the environment at large or rather go for organic and local produce.
Secondly, Donation of blood by saving a life.
Thirdly, give out used clothes to those in need. He can as well donate them to organizations that helps distribute them to the needy.
Fourthly, volunteering goes a long way.This simply means offering a service without getting paid for it. It nourishes the community and gives a sense a humor.
Finally, be kind, do unexpected good to the known and unknown. This goes a long way.
I believe the answer is: B. when your total of previous payments and applicable credits is less than the tax you owe.
This type of situation often occurs for employees which allow their companies to directly cut their income tax from their payments to be directly send to the government.
A problem with this method arise because those employees do not have the chance to put their working expenditures as 'tax deductions', which make their total of previous payments and applicable credits is less than the tax they owe.
Answer: D. less than $4.50.
Explanation:
In the short run, a business should shutdown if the market price is below the Average Variable costs as because at this point, only losses are being made if the company stays in action.
If price is below the variable cost, it is best to shutdown so that the company can stop incurring the variable costs and incur the fixed cost alone. The lowest Average Variable cost is $4.50 for this good and so if the price falls below $4.50, the should shutdown.