Subscribe to my channel :)) It would mean so much - avastories

Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan

Charra [1.4K]

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

8 0

3 years ago

I need money to buy something.

weqwewe [10]

Answer:

Then, get yourself a job if you want money, even if it's one of the lamest jobs, get a job. Some people want money but, don't want to work. Others do work but, don't reviece money. Don't be like those people.

Explanation:

3 0

3 years ago

Suppose the market for money, drawn with the value of money on the vertical axis and the quantity of money on the horizontal axi

ycow [4]

If the money supply increases, then at the old value of money there is an excess supply of money that will result in an increase in spending. The entire amount of money in circulation in an economy at any given time is referred to as the money market.

<h3>What is money market?</h3>

The money market is defined as dealing in debt with a maturity of less than one year. Investors use it to make a modest profit.

While governments and corporations use it to keep their cash flow constant. Long-term debt and equity instruments are sold and bought on the capital market.

Thus, excess supply of money that will result in an increase in spending.

For more details about money market, click here

brainly.com/question/22935024

#SPJ1

4 0

2 years ago

Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of

d1i1m1o1n [39]

Answer:

The correct answer is option C:

$750,000; $3,850,000; $4,600,000; $25,870,000

Task 1

Annual cash dividend preferred stock = $750,000

Task 2

Total annual common stock dividend = $3,850,000

Task 3

Total dividend paid = $4,600,000

Task 4

Retained earnings balance = $25,870,000

Explanation:

Task 1:

Annual cash dividend preferred stock

Preferred shares = 500,000 shares

semi-annual dividend (after six months) = $0.75 per share

500,000 shares × 0.75 per share × 2 times = $750,000 (A)

Task 2:

Total annual common stock dividend

Quarterly dividend = $0.35 per share

Common shares = 2,750,000 shares

Total quarterly dividend = 2,750,000× $0.35 per share

Total quarterly dividend = $962,500

Total annual common stock dividend = $962,500 × 4

Total annual common stock dividend = $3,850,000 (B)

Task 3

Total dividend paid

Total dividend paid (A+B) = Annual cash dividend -preferred stock + Total annual common stock dividend

Total dividend paid = $750,000 + $3,850,000

Total dividend paid = $4,600,000

Task 4

Retained earnings balance

Retained earnings balance = Opening retained earnings + Net income after total cash dividend paid

Retained earnings balance = $25,320,000 + $5,150,000 - $4,600,000

Retained earnings balance = $25,870,000

3 0

4 years ago

Government survey takers determine that typical family expenditures each month in the year designated as the base year are as fo

Alex17521 [72]

Answer:

1. CPI in the subsequent year: 1,135

2. Rate of inflation: 13.5%

Explanation:

1. Calculate the CPI

CPI is the consumer price index.

CPI is created using a basket of goods and services that are typically consumed.

In the given case the typical basket is:

25 pizzas

Rent of apartment

Gasoline and car maintenance

Phone service (basic service plus 10 long-distance calls).

Then to find the CPI for a determined year you multiply each item by its price and then add up all the results.

For the base year, the expenditures per month were:

25 pizzas at $ 10: $10 × 25 = $250

Rent of apartment: $600

Gasoline and car maintenance: $100

Phone service (basic service plus 10 long-distance calls): $50

Then, the CPI for the base year is:

CPI = $250 + $600 + $100 + $50 = $1,000

The year following the base year, the expenditures per month are:

25 pizzas at $ 11 : $11 × 25 = $275

Rent of apartment: $700

Gasoline and car maintenance: $120

Phone service (basic service plus 10 long-distance calls): $40

Then the CPI for the followng year is:

CPI = $275 + $700 + $120 + $40 = $1,135

2. Calculate the rate of inflation

The rate of inflation is defined as the increase of the CPI of the given year with respect ot the base year:

The formula to calculate the rate of inflation is:

Inflation = (CPI of the year - CPI of the base year) / (CPF of the base year) × 100

Inflation = [ (1,135 - 1,000) / (1,000)] × 100 = 13.5%

Hence, the rate of inflation for the subsequent year is 13.5%

7 0

3 years ago

Subscribe to my channel :))It would mean so much- avastories​

Subscribe to my channel :))It would mean so much- avastories