Answer:
1<em>. Emergency surgery is less elastic than cosmetic surgery.</em>
<em>2. A cheeseburger at 2:00 am at a 24 hours restaurant is less elastic than a cheeseburger at 7:00 pm at a 24 hours restaurant.</em>
<em>3. Monthly electricity consumption is less elastic than yearly electricity consumption.</em>
<em>4. The wall street journal is more elastic than wall street journal at the airport.</em>
<em>5. Red cars are less elastic than all cars.</em>
Explanation:
1. Emergency surgery is a necessity and if there is necessity the demand will be inelastic.
2. At 7 pm there are more restaurant open so there will be more offer than 2 am, so if there is more offer the demand is more elastic.
3. Monthly electricity consumption is less elastic because, electricity tend to increase in long run because consumer have more time to adjust their behavior.
4. To buy wall street journal there are few places and less time in the airport than in other places to buy so demand will be less elastic.
5. If there are few substitute only red cars demand will tend to be inelastic. on the contrary, if there are more substitutes (any color car), the demand for the good will be elastic and its consumption can be replaced.
Answer:
$1,565
Explanation:
Enter the following inputs into financial calculator, we will have:
n = 3 years
Present value (PV): The amount that you should pay for the annuity. This is the missing value we need to calculate
Future value (FV): FV = 0, there is no future value of an annuity
PMT: The amount that annuity pays per year. ($850)
i/r = 5.5%: The interest you expect to receive from the annuity
PV = $1,484
Since the payment is made at the beginning of each year, you should multiply the PV amount by (1+0.055)
The final answer would be 1,484 x 1.055 = $1,565
The most you should pay is $1,565
Answer:
d. never owned by the consignee.
Explanation:
The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.
Answer:
unique selling propositions
Answer: B. Cats in a bag
Explanation:
oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.
