Answer:
double - blind experiments.
Explanation:
Double - blind experiment -
It is an experimental method , which helps to avoid any impartiality and any error due to biasing .
The experiment give rise to very accurate results , which is very important for any experiment .
Hence , the new director Margaret , need to design a set of double - blind experiments .
Football and baseball because those are my favorite sports
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero
Answer:
PED = -0.176 or 0.176 in absolute terms. It is price inelastic, since PED < 1.
Explanation:
the quantity demanded for a price of $10 is 900 barrels.
the quantity demanded for a price of $20 is 800 barrels.
Using the midpoint method for calculating PED:
PED = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}
PED = {(800 - 900) / [(800 + 900) / 2]} / {($20 - $10) / [($20 + $10) / 2]}
PED = (-100 / 850) / ($10 / $15) = -0.1176 / 0.6667 = -0.176
Price elasticity of demand measures how much does the quantity demanded of a good or service vary as a result form a 1% change in its price.
- PED < 1, price inelastic. A 1% change in price will result in a proportionally smaller change in quantity demanded.
- PED > 1, price elastic. A 1% change in price will result in a proportionally larger change in quantity demanded.
- PED = 1, price unitary. A 1% change in price will result in a proportionally equal change in quantity demanded.
