Answer:
The elasticity of demand for jelly beans is 1.80
Explanation:
The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.
Computing the elasticity of demand for jelly beans as:
Elasticity of demand = Price Change / Quantity Change
where
Price Change is as:
Price = $1.60 + $2.00
= $3.60
Quantity change is as:
Quantity = 120 + 80
= 200
So,
Elasticity of demand = $3.60 / 200 × 100
Elasticity of demand = 1.80
Perhaps the most important reason that u.s. companies have moved industrial production abroad is that the labor of the other nation is paid the low wages than the labor wages in US.
Job outsourcing occurs when U.S. companies hire the foreign workers instead of Americans.
Job outsourcing can help American companies to compete in the economy by keeping prices low, but simultaneously it has a negative effect on
America has lost local jobs to different countries labor such as China, Mexico, India, and other countries with lower wage standards.
Companies outsource domestically as well , they do not rely on the other countries completely U.S. employment but they have been increasing their reliance on freelancers or temp workers, as well as the part-timers.
To know more about job outsourcing here:
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Answer:
Rate of change of rent [Seattle] = $95.5
Explanation:
Given:
2009 Rent $583
2015 Rent $745
2009 Boston $1,577
2015 Boston $2,150
2009 Seattle $958
2015 Seattle $1,600
Find:
Rate of change of rent [Seattle]
Computation:
Rate of change of rent [Seattle] = Change in price / Change in time
Rate of change of rent [Seattle] = [$2,150 - $1,577] / [2015 - 2009]
Rate of change of rent [Seattle] = $573 / 6
Rate of change of rent [Seattle] = $95.5
Answer:
Interest will be $855 x 10 years= $8,550
Explanation:
Interest
6÷100=0.06
0.06x14,250=$855
$855x10=$8,550.
How much to have paid back
At the end of 10years $8,550 would have been paid as interest
Total sum will be $14,250+$8,550=$22,800 to be paid back.
