<u>Given:</u>
Elasticity of Demand = 2
Decrease in price = 1%
<u>To find:</u>
Change in quantity demanded
<u>Solution:</u>
The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,
Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded
Answer:
Which of the following activities of a finance manager determines the types of assets the firm holds?
C. investment decisions
Explanation:
Select the type of assets in which the funds will be invested by the firm is termed as the investment decision
A a boundary point or network boundary point, a demarcation point is the physical point at which the public network of a telecommunications company ends and the private network of a customer begins.
Answer:
False
Explanation:
The opportunity cost refers to the benefit that is foregone by choosing some other alternative. It is measurable in monetary terms as well as in non-monetary terms.
In our case,
Monica paid for CD = $12
Hence, she already paid for the CD, so here the opportunity cost is either she keep the CD or she not keep the CD for the amount of $18.
Hence, if Monica decided to keep the CD then the opportunity cost of keeping the CD is $18.
Answer: Organizational change leader
Explanation:
The organizational change leader is the big hand for controlling the changes in the organization and management. This involves the change centric leadership. The leader should not look upon the upward organizational hierarchy to seek help instead must take actions and must implement them on others. Empowering the stakeholders. Managing the team discussions and working ethics and credibility.
