Answer:
A product that serves as an incentive to produce more output.
Explanation:
Merit goods are those goods that contains the positive externality and it could be generated or produced more and more in the market.
So it is a product that could be treated as the incentive for generating the maximum output and the incentive should be provided by the government
Therefore the last option is correct
Answer:
Option (C) is correct.
Explanation:
Elasticity of demand refers to the responsiveness of change in quantity demanded with any change in the price level.
Elasticity of demand:
= (change in quantity ÷ old quantity) ÷ (change in price ÷ old price)
=[(12 - 8) ÷ 8] ÷ [($3 - $2.25) ÷ $3]
= 0.5 ÷ 0.25
= 2
Therefore, the price elasticity of demand is 2.
Answer: $10.49
Explanation:
Net Asset Value is the equity of the portfolio divided by the number of shares outstanding.
Equity = Assets - Liabilities
So,
Net Asset Value = (Assets - Liabilities) / No. of shares outstanding
Assets = (200,000 * 35) + (300,000 * 40) + (400,000 * 20) + (600,000 * 25)
= $42,000,000
Liabilities will be the accrued management fee.
Net Asset Value = (42,000,000 - 30,000) / 4,000,000
= 10.4925
= $10.49
I believe the answer is A. Hope this helps :)
