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2 years ago

How does a 12 year old dunk a Nba Basketball goal

Business

2 answers:

inna [77]2 years ago

8 0

Answer:

they keep trying hard

They maybe exercise or keep playing basketball

yarga [219]2 years ago

5 0

Luck and years of practice.

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A firm has estimated the following demand function for its product:

Rom4ik [11]

Answer:

(i) Q=300

(ii) Elasticity of Demand=-3.33 (elastic)

(iii) Income Elasticity= 2.5 (normal good)

(iv) Advertising Elasticity: 1.5

Explanation:

The Demand function is given by

$Q=100-5P+5I+15A$

(1) To solve (i) we need to replace P = 200, I = 150, and A = 30 in the demand equation:

$Q=100-5(200)+5(150)+15(30)=300$

(2) To find the price elasticity (how much quantity demanded changes with price) we use the point price elasticity formula

$\eta_{Price}=\frac{\Delta Q}{\Delta P}\frac{P}{Q}$

From the above equation we get: $\frac{\Delta Q}{\Delta P}=-5$

Replacing in the elasticity formula

$\eta_{Price}=-5\frac{200}{300}=|-3.33|>1$

in absolute terms the elasticity is bigger than one so it is an elastic demand.

(3) For income elasticity (how much quantity demanded changes with income), we proceed similarly as above. But the derivative is respect to income

$\eta_{Income}=\frac{\Delta Q}{\Delta I}\frac{I}{Q}=5\frac{150}{300}=2.5>1$ [/tex]

Which is bigger than one, denoting this is a normal good because it's bigger than one.

(4) Advertising elasticity (how much quantity demanded changes with expenditures in advertising), we proceed as before

$\eta_{advertising}=\frac{\Delta Q}{\Delta A}\frac{A}{Q}=15\frac{30}{300}=1.5$

3 0

2 years ago

how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year c

IgorLugansk [536]

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

7 0

2 years ago

If Cassandra bought 16 cotton blouses last year when her income was $40,000 and she buys 14 cotton blouses this year when her in

Feliz [49]

Answer: Normal good

Explanation:

A normal good is a good that has a positive correlation between its income and demand. This means that for a normal good, an increase in income will lead to an increase in the demand for the good while a reduction in income will also lead to a reduction in the demand for the good.

Cassandra bought 16 clothes when her income was $40000 but when her income reduced to $35000, she bought less of the good. That means that the cotton blouses bought by Cassandra are normal good.

8 0

2 years ago

Read 2 more answers

What is the present value of a $400 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its pres

s2008m [1.1K]

Answer:

present value = $57.14.28

present value = $2857.13

Explanation:

given data

perpetuity value = $400

interest rate = 7% = 0.07

interest rate = 14% = 0.14

to find out

What is the present value

solution

we get her present value that is express as

present value = $\frac{perpetuity}{rate}$ ............1

put here value for rate 7% and 14%

present value = $\frac{400}{0.07}$

present value = $57.14.28

and

present value = $\frac{400}{0.14}$

present value = $2857.13

8 0

2 years ago

What is groupthink? question 5 options:

Ivahew [28]

Groupthink is <span>c. modification of the opinions of members of a group to align with what they believe is the group consensus
When a social group openly held a certain principles or perspective, their members tend to modificate their principles or perspective to align with the group's in order to avoid being considered as an outcast within the group.</span>

8 0

2 years ago