Answer:
Unitary
Explanation:
Price elasticity of demand is demand is defined as a measure of how sensitive quantity of a product demanded is sensitive to changes in price.
Usually an increase in price results in a reduction in quantity demanded, and reduction in price results in an increase in quantity demanded.
Using the midpoint method of calculating price elasticity
Price elasticity = (change in quantity demanded) ÷ (change in price)
Change in quantity demanded = (1000-1250)/(100+1250)/2
Change in quantity demanded = -0.2222
Change in price = (5-4) / (5+4)/2
Change in price = 0.2222
Price elasticity = -0.2222 ÷ 0.2222 = -1
Therefore price elasticity is unitary.
Unitary elasticity means that a a percentage change in price results in equal percentage change in quantity demanded
Answer:
The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.
Explanation:
Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:
- <em>Establishing goals
</em>
- <em>Evaluating the company's environment
</em>
- <em>Setting measurable targets
</em>
- <em>Aligning unit and corporate plans
</em>
- <em>Performance analysis
</em>
- <em>Selecting the best strategy</em>
Answer:
option (D) - 1.54%
Explanation:
Number of share of Harley- Davidson (HOG) = 100
Number of share of Yahoo(YHOO) = 230
Purchase price of share of Harley- Davidson (HOG) = $40 per share
Purchase price of of share of Yahoo(YHOO) = $25 per share
Final price of the share of Harley- Davidson (HOG) = $50
Increase in price of the share of Harley- Davidson (HOG) = $50 - $40 = $10
Final price of the share of Yahoo(YHOO) = $20
Increase in price of the share of Yahoo(YHOO) = $20 - $25 = - $5
here, negative sign means the loss
Now,
Total amount invested = 100 × $40 + 230 × $25
= 4,000 + 5,750
= $9,750
also,
Total net gain from shares = $10 × 100 - $5 × 230
= 1,000 - 1,150
= -150
return on your portfolio = 
= 
= - 1.538% ≈ - 1.54%
option (D) - 1.54%
<u>The correct answers are the following:</u>
<u>Microeconomics</u>
- The effect of a cigarette tax on the quantity of cigarettes sold
<u>Macroeconomics</u>
- The effect of federal government spending on the national unemployment rate
- The effect of an increase in the money supply on the rate of inflation
Microeconomics is defined as the study of the individual decisions reached by economic agents (households/individuals, firms and public sector entities) in the markets of products services and factors of production.
Macroeconomics is the study of the economy as a whole, using aggregate indicators that are the result of accummulating thousands or millions of the individual decisions studied in the micro approach, and which measure the behaviour of the whole economy of a certain country, region, or even the whole world (depending on the level of aggregation used!)
