It will be 45 weeks until the album sells fewer than 2000 copies.
We can look at the equation (0.96)^x = 2000/12400 to find the number of weeks, x, that the 4 percent reduction will yield the ratio of sales endpoint to sales now. We can solve the equation by taking a log of both sides in order to isolate the x variable. Using the natural log, we'd have x*ln(0.96) = ln(2000/12400). Solving this shows x to be ~=44.69525, so we round up to 45 weeks. We can confirm our solution by verifying that 0.96^45 is indeed less than 2000/12400. (0.159.. < 0.161...)
Answer:
- control the day-to-day activities of the corporation.
Explanation:
The board of directors are people chosen by the instiution, the owners of the institutions or the members of an institution to govern the institution and be responsible for the actions and directions that the organization takes, they could be owners, workers or externate associates to the institution and they control the day-to-day activities of the corporation.
B.only new information affects stock prices.
Answer:
Explanation:
"I spend more on orange juice even as the price rises".
This implies that orange juice is not an inferior good because people demand less of an inferior product when their prices fall. In this case more is demanded as price rises implying that orange juice is being viewed as a luxury good or healthy drink. Consumers tend to interpret certain price increase positively and view the goods as superior.
Does this mean that I must be violating the law of demand?
YES
Generally, the law of demand states that, "citeris paribus (with all things being equal), as the price of a good rises, quantity demanded falls; conversely, as the price of a good falls, quantity demanded increases".
Therefore if "I spend more on orange juice even as the price rises", then obviously the law of demand is being violated
