Answer:
Apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.
Explanation:
a. The computation of apple's price/ marginal cost ratio is shown below:
Price/ marginal cost ratio = Price ÷ cost
= $331 ÷ $88 = 3.76
b. The computation of Lerner index formula is shown below:
Lerner index = (Price - marginal cost) ÷ price
= ($331 - $88) ÷ $88
= $243 ÷ $88
= 2.76
c. The computation of elasticity of demand is shown below
Elasticity of demand = - 1 ÷ Lerner index
= - 1 ÷ 2.76
= - 0.36
Hence, apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.
The answer is data backup and collaboration.
Answer:
c. stereotypes ready to avoid a decision minefield and remain realistic about cost and difficulty
Explanation:
To take good decisions it is necessary to have many variables into account. However, the conception of stereotypes may skew the decision making process. The main problem about stereotypes is that when these are applied to every situation, new unrealistic scenarios are created, it produces confusion for the decision making process, therefore a bad decision can be taken.
Answer:
a. standard of living.
Explanation:
<u>Per capita Gross Domestic Product (GDP) represents an economic scale that quantifies the economic output of a country in relation to the total population of that country.</u>
Mathematically, per capita GDP is derived by dividing the total GDP of a country by the population of that country. It gives an indication of how productive each individual of a country is and hence, a good measure of their standards of living.
<em>The correct option is therefore, </em><em>a</em><em>.</em>