Answer:
More than 75 cent
Explanation:
Since after the deal, no other soft drink company is allowed to sell it's product on campus, the demand for 12-ounce can of CheapFizz would increase which would invariably lead to increase in sales price
In developed countries, at 40 years of age individuals typically become grandparents.
<h3>What are developed countries?</h3>
A sovereign state that is considered to have a developed economy, a high standard of living, and advanced technological infrastructure is referred to as a developed country.
A developed country, often known as an industrialized country, has a sophisticated economy that is typically gauged by average income per person and/or gross domestic product (GDP). Developed nations have diverse industrial and service sectors as well as cutting-edge technology infrastructure.
The term "developed countries" often refers to wealthy nations, excluding Middle Eastern nations and certain other minor nations. Limitations:
(i) It only addresses the economic element while ignoring issues like peace, health, the environment, lifespan, education, etc.
(ii) The method does not show us how the income is distributed.
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Answer: Option a
Explanation: In simple words, it refers to the traditional method of selling under which the organisation hires sum people to directly interact with the customers and persuade them to buy the product. These sales personnel uses their specialized knowledge, appearance and attitude to manipulate customers.
In such a method, the individual is the only entity from which the potential customer interacts and are responsible for the services that are needed to be performed after the order is made.
Hence the correct option is A.
Answer:
c. $31,888
Explanation:
The formula for calculating the present value is as below
Pv = FV x { 1/ (1+ r)^n }
Pv = $40,000 x { 1/ (1 +0.12)^2
Pv =$40,000 x (1/1.2544)
Pv =$40,000 x 0.7971938
Pv =$31,887.50
Answer:
a. positive, so Joan considers hamburger to be an inferior good.
Explanation:
Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P
The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.
▲ Q = (60 -50/60) = 0,16
▲ Q = (40.000 - 30.000/40.000) = 0,25
Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64
Therefore, the elasticity is positive.
This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.
