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2 years ago

If the quantity demanded of a good does not change much when the price change, the good is relatively

Business

1 answer:

Vanyuwa [196]2 years ago

7 0

Answer:

i think the demand can be inelastic, unit elastic, or elastic, and can range from zero to infinity. If the quantity demanded doesn't change when the price changes, the price elasticity of demand is zero and the good as a perfectly inelastic demand.

Explanation:

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Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own word

USPshnik [31]

The type of syllogism being used in the given sentence is a conditional syllogism.

<h3>What is Syllogism?</h3>

This refers to the use of reasoning in order to draw conclusions about something based on two premises.

Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.

This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.

Read more about syllogism here:
brainly.com/question/361872

6 0

2 years ago

Which of the following are reasons that the short-run aggregate supply curve slopes upward?

kaheart [24]

Answer:

The short-run aggregate supply curve slopes upward because of all of the following reasons except a. in the short run, as prices of final goods and services increase, some firms are very slow to adjust their prices, thus their sales increase. b. in the short run, an unexpected change in the price of an important resource can change the cost to firms.

Hope this helps :)

5 0

3 years ago

As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $180,000 at the end of five years. b

Stolb23 [73]

Answer:

i. Discounted cashflow equations.

a. $180,000 at the end of five years.

This is a lump sum present value/ discounted cashflow which can be calculated as;

Formula = 180,000 / ( 1 + r)^n

= 180,000/ ( 1 + 12%)^5

= $102,136.83

b. $11,400 a year forever

This is a perpetuity. The present value/ discounted cashflow of a perpetuity is calculated as;

Formula = Amount/rate

= 11,400/12%

= $95,000

c. $19,000 for each of 10 years.

This is an annuity. The formula for calculating the Present value/ discounted cashflow of an annuity is;

$Formula = Annuity * [\frac{( 1 - (1 + i)^{-n} )}{i} ]$ where i is interest rate and n is number of periods

$= 19,000 * [\frac{( 1 - (1 + 0.12)^{-10} )}{0.12} ]$

= $107,354.24

d. $6,500 next year and increasing thereafter by 5% a year forever.

This is a growing perpetuity. The present value/ discounted cashflow formula is;

= Amount / ( discount rate - growth rate)

= 6,500 / ( 12% - 5%)

= $92,857.14

ii. Choose $19,000 for each of 10 years as it has the highest present value.

7 0

3 years ago

Explain why the monopsonist's marginal-revenue-product curve is downward sloping. Include the role of the price for the final go

alekssr [168]

Answer:

A monopsony is market where there is only one buyer, e.g. the government is the sole buyer for nuclear submarines in the US.

The demand curve of a monopsony is similar to the demand curve of any other type of market, i.e. it is downward sloping. Since there is only 1 buyer, the demand curve is also the supply curve. If the monopsonist wants to increase the quantity demanded at a lower price, the supplier (or suppliers) must be able to lower its costs and that generally results in lower labor costs.

3 0

2 years ago

Retreaded Tires plans to save $23,500, $24,500, $26,500, and $28,000 at the end of each year for Years 1 to 4, respectively. If

exis [7]

Answer:

Option C. $105,608.11

Explanation:

Basis:

Interest compounded monthly
rate = 0.021/12 = 0.00175

1. Year 1:

All the figures in dollars.

Initial balance: 0
Initial balance + interest = 0
Deposit at the end of the year: 23,500
Final balance: 23,500

2. Year 2:

All the figures in dollars.

Initial balance: 23,500
Initial balance + interest: 23,500 (1 + 0.00175)¹² = 23,998.28
Deposit at the end of the year: 24,500
Final balance: 24,500 + 23,998.28 = 48,498.28

3. Year 3:

All the figures in dollars.

Initial balance: 48,498.28
Initial balance + interest: 48,498.28(1 + 0.00175)¹² = 49,526.60
Deposit at the end of the year: 26,500
Final balance: 26,500 + 49,526.60 = 76,026.60

4. Year 4:

All the figures in dollars.

Initial balance: 76,026.60
Initial balance + interest: 76,026.60(1 + 0.00175)¹² = 77,638.62
Deposit at the end of the year: 28,000
Final balance: 28,000 + 77,638.62 = 105,638.62

Assuming differences in rounding intermediate values, the answer is the option C.

3 0

3 years ago