Calculate/answer each question using the simple elasticity formulas learned in this unit. Be sure to simplify, and reduce fractions all the way down. Do not use decimals, nor mixed numerals. All values reduce, have common factors in this problem. a. If the price of a product goes up 80%, the quantity supplied of that product goes up 59%. What is Es and is supply price-elastic, price-inelastic or unit-price-elastic b. It does not matter if the price of product B rises or drops 14%, the Qd of product A does not change at all. What is EAB and what kind of products related in consumption are A & B?C. If income rises 35%, Qd rises 63%. What is Ej and what kind of income-related product is it? d. If Price of product B rises 75%, Qp of product A drops 90%. What is EAB and what kind of products related in consumption are A & B? e. It does not matter if income rises nor drops 10%, Qd for a product does not change at all. What is Ei and what kind of income-related product is it?

Answers

Answer 1

We obtain Ei = 0 / 0.1 = 0 using the income elasticity calculation, Ei =%change in Qd /%change in income. This product is income-inelastic.

a. Using the simple elasticity formula, Es = %change in quantity supplied / %change in price, we have Es = 0.59 / 0.8 = 0.7375. Since Es is less than 1, this means that supply is price-inelastic.

b. Using the cross-price elasticity formula, EAB = %change in Qd of A / %change in price of B, we have EAB = 0 / 0.14 = 0. A and B are unrelated products.

c. Using the income elasticity formula, Ej = %change in Qd / %change in income, we have Ej = 0.63 / 0.35 = 1.8. This is a normal good.

d. Using the cross-price elasticity formula, EAB = %change in Qp of A / %change in price of B, we have EAB = -0.9 / 0.75 = -1.2. A and B are complementary products.

e. Using the income elasticity formula, Ei = %change in Qd / %change in income, we have Ei = 0 / 0.1 = 0. This is an income-inelastic product.

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Related Questions

Mateo’s instructor tells him that before he goes further in his job search, he needs to engage in some introspection. How would Mateo’s actions BEST demonstrate introspection?

A.
He is visiting with his friends more frequently.
B.
He is journaling about his strengths and weaknesses.
C.
He is asking his parents for a loan to buy professional clothes.
D.
He is cooking all of his meals at home instead of going out.

Answers

He is journaling about his strengths and weaknesses is Mateo’s actions BEST demonstrate introspection. Because then only he can understand the potential of himself for doing anything.

What is the strength and weakness?

Strengths are the potential traits and skills that a person poss of and with the help of the strength, the person build themselves in a job career.

Weakness is the skills and trait that is considered negative for any person that lags them down in the career, they always tried to overcome their weakness.

Thus, option B is correct.

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Which of the following examples illustrates an oligopoly market? a. a farmers’ market with many individuals selling sweet corn and tomatoes b. a city whose electrical service is provided by one electric co-operative c. a city with two firms who are licensed to sell school uniforms for the local schools d. a city with many independently-owned hair styling salons

Answers

Answer:

c. a city with two firms who are licensed to sell school uniforms for the local schools

Explanation:

An oligopoly is an industry that is dominated by few large firms.

characteristics of an oligopoly are :

high barriers to entry or exit of firms

few large firms

interdependence among firms

a farmers’ market with many individuals selling sweet corn and tomatoes is an example of a monopoly

 a city whose electrical service is provided by one electric co-operative is an example of a monopoly

a city with two firms who are licensed to sell school uniforms for the local schools is an example of a duopoly which is a type of monopoly

a city with many independently-owned hair styling salons is an example of monopolistic competition

A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Both interest income and dividends contribute to the ({cost) or (return) or (risk)} on an investment.

Answers

Answer:

A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.

Explanation:

A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.

A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.

An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.

Answer:

A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.

Explanation:

it just make sense to me

Assume you get an internship in a company, where they synthesize essential oils for commercial purposes and you have to carry out exactly the same esterification reaction (in question

Answers

An intern is a budding professional who spends a brief period of time working at a company to get experience at the entry-level and expertise of a particular career field. Although other adults can be interns as well, they are most frequently college students.

This is especially true if they are changing careers or pursuing further education. An internship is intended to be a form of exchange. The student consents to perform tasks that will benefit the host organization in exchange for the chance to gain new knowledge, develop new skills, and explore career choices.

Industry-specific duties differ for interns, but they typically involve learning and mastering software, fulfilling tasks given to them by their supervisor, and participating in meetings where they take minutes.

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A friend told Mohammed, Your business would be more successful if you only served in the shop and let your workers make the bread and cakes. Do you agree? Justify your answer

Answers

Answer:

Yes

Explanation:

As the 9wner of business, you will know how to controll your finance than paying someone.

Which of the suggestions do NOT rely on the support of a parent or guardian?

Answers

Answer:

- Chipping away at student loans or getting a secured credit card.

Explanation:

The suggestion that does not depend on the support of a parent or guardian would be 'chipping away at the student loans or getting a secured credit card' as it lays the responsibility on the shoulders of the student which does not require parents' backing. The supportive parents always tend to offer every possible opportunity to their child upto the extent they can afford to provide a better experience and future to their kid.

Credit card is the facility to expend without having the actual money. Chipping the student loans or getting credit card is the correct option.

What is a credit card?

It is the facilities provided by the bank or companies which allow people to make expenditure without having actual money in their account, but is required to be paid after month.

The suggestion not depended on support of parents is to break the student loans or get a secured credit card, as the following act will make a student responsible for their actions. Although a supportive parent, always try to offer the best opportunities or facilities they could afford for their children.

The above explanations aptly describes the statements.

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what is a public enterprise?

answer the question ✌​

Answers

A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public

Public Enterprise is a business organization partly owned by the state and controlled through a public authority.

Types :

Government companies Departmental undertakingsStatutory Corporations

Examples :

State Bank of IndiaOil & Natural Gas Corporation

Trade discount is given to encourage buyers make purchases in ____ quantities.

Answers

Answer:

Bulk

Explanation:

Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.

what is the formula for measuring a firm's working capital?

Answers

The formula for measuring a firm's working capital is 'Working Capital = Current Assets - Current Liabilities"

The difference between a company's current assets like cash, accounts receivable, and inventory and current liabilities like accounts payable, short-term debt is known as working capital. It serves as a gauge of a business's short-term liquidity and ability to pay its bills as they become due.

A company's current assets must exceed its current liabilities in order for the working capital to be positive, which is generally viewed favorably. It implies that the business has sufficient funds to support both its ongoing operations and potential future growth. A negative working capital, on the other hand it suggests that a company has more current liabilities than current assets which may signal financial difficulties and the need to address liquidity problems.

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Except for p2p payment services, these services almost always involve a fee with their use. How might this affect unbanked and banked households differently?.

Answers

The impact of p2p payment services will less likely significantly affect the unbanked and banked households differently because its procedure are too complex for an average person, who preferred to use a banking serice

What are unbanked and banked households?

The term “unbanked” person means someone that does not have a checking or savings account with an insured (FDIC) institution. The term “banked” person means that the household had a checking or savings account with FDIC insured institution.

According to survey made by Federal Deposit Insurance Corporation 2017, most of the U.S. households were “fully banked", that is,  they had either a checking or a savings account with an FDIC insured financial institution and had not used alternative financial services (AFS) in the past 12 months.

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Describe the importance of information security to organizations, and how information represents a critical asset in today’s business organizations.
Explain the importance of implementing IT performance metrics within the organization, particularly, the IT Balanced Scorecard

Answers

The importance of information security for organizations and how information represents a critical asset in today's business organizations, because decision-making based on information and data guarantees value and competitiveness for a company.

How important is it to implement IT performance metrics within the organization?

Such metrics, such as the Balanced Scorecad, help an organization to monitor its IT strategies, with alignment of organizational objectives through performance indicators and evaluation for possible corrections, security and confidentiality.

Therefore, investments in IT help organizations to manage and protect their sensitive and critical data from intruders and hackers, generating compliance, security and innovation.

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Even though the Constitution said nothing about presidents purchasing land,
President Thomas Jefferson purchased the Louisiana territory from France in 1803.
Jefferson felt the power came with the office, and Congress agreed. How did
President Jefferson justify doing this without authority being expressly granted to him
in the Constitution?
O necessary and proper clause
O the commerce clause
O inherent powers clause
O the three-fifths clause

Answers

Answer: The correct answer would be C.

Jefferson rationalized his decision for the treaty to be sent to Congress without an amendment to John Breckinridge. Thus, "Inherent powers clause."

Explanation: Purchasing the Louisiana Territory could be legally inadmissible if his presidential authority to do so isn't expressly mentioned.

Hope this helps :)

Bandana software produces unique software that is technologically superior to similar products in the market. The source of this market power is:

Answers

The source of Bandana software's market power is its technological superiority over similar products in the market. The company has likely invested significant resources in research and development to create software that performs better, faster, and with greater efficiency than its competitors. This technological advantage allows Bandana software to offer a unique product that is difficult for competitors to replicate.

Furthermore, this technological superiority may allow Bandana software to charge a premium price for its products, as customers are willing to pay more for higher quality software that is better suited to their needs. This, in turn, can lead to higher profits for the company.

Additionally, Bandana software's market power may be reinforced by its brand reputation, customer loyalty, and strong relationships with key suppliers or partners. These factors can all contribute to the company's ability to maintain a dominant position in the market and continue to innovate and produce technologically superior software.

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In the context of the vertical structure of a firm, a small span of control builds a __________ organization with few reporting levels.

Answers

In the context of the vertical structure of a firm, a small span of control builds a tall organization with few reporting levels. The span of control refers to the number of subordinates that a manager can effectively supervise and control. A small span of control means that a manager has fewer subordinates reporting to them, which can result in a more detailed and focused level of control.

This type of organizational structure can be advantageous in situations where there is a need for close supervision and guidance, as well as clear communication channels between employees and managers. It also allows for a more centralized decision-making process, which can lead to more efficient decision-making.

However, a tall organization can also lead to increased bureaucracy, slower communication, and reduced autonomy among employees. In addition, it can lead to a lack of flexibility and adaptability in response to changing market conditions or business needs.

Overall, the choice of span of control and organizational structure should be based on the specific needs and goals of the firm, and should be periodically evaluated and adjusted as necessary to ensure optimal performance and efficiency.

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This questions probably on here already but whatever...

Match the type of account to the correct description.

This questions probably on here already but whatever...Match the type of account to the correct description.

Answers

Answer:

1. Basic bank savings account.

2. Club account.

3. Checking account.

4. 529 plan.

5. CD

Explanation:

Savings can be defined as the amount of money left after removing expenses and other costs.

Investments are costs associated with purchasing of capital assets and investments of cash resources in other businesses.

1. Basic bank savings account: it's a deposit account that offers an account holder a low interest rate, checkbooks aren't issued, and the holder is posed with few restrictions on access to his or her money.

2. Club account: it's an account used to save money for a specific purpose or special reason such as vacation, tourism, college, etc.

3. Checking account: it's a type of deposit account that is designed to make it convenient for the holder to pay bills easily.

4. 529 plan: a 529 plan is a tax-free savings account which avails an individual or account holder (sponsor) to make payment in advance with respect to educational expenses that would be incurred by a student (beneficiary) in the future. This plan is mainly sponsored by state agencies or the state itself and it is authorized by Section 529 of the Internal Revenue Code and mainly sponsored by the states to encourage savings for future educational costs.

5. Certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

If you got nausea heartburn indigestion upset stomach diarrhea what comercial is it off of

Answers

Answer:

PEPTO BISMOL

Explanation:

lol

Answer:  Pepto bismo

Explanation:i say the comorical yesterday

the negative impact of the coronavirus on businesses​

Answers

Answer:

UNEMPLOYMENT..

main cause..

From the perspective of the ____, the price at which a unit is exchange is the marginal cost of that unit

Answers

Answer:

From the perspective of the SELLER, the price at which a unit is exchange is the marginal cost of that unit

suppose that walls fergo bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. assume the federal reserve has the reserve requirement set at 10%.

Answers

The bank can issue is equal to the excess reserves plus the outstanding loans is $97,500.

What is loan?

A loan is a sum of money that is borrowed from a lender and must be repaid with interest over a specified period of time. It is a type of credit that people and businesses use to purchase goods or services when they do not have enough money to do so immediately.

The reserve requirement is 10%, so for every $100 of demand deposits, Walls Fergo Bank must keep $10 in reserves.
Therefore, Walls Fergo Bank must keep $15,000 in reserves ($150,000 x 10%).
The amount of excess reserves is calculated by subtracting the required reserves from the actual reserves.
Actual reserves = $15,000
Required reserves = $15,000
Excess reserves = $0
The total amount of loans the bank can issue is equal to the excess reserves plus the outstanding loans.
Total Loans = Excess Reserves + Outstanding Loans
Total Loans = $0 + $97,500
Total Loans = $97,500

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HELP PLEASE, I WILL GIVE BRAINLIEST!!

Select the qualification that is best demonstrated in each example.

*Judy is a Veterinarian who lifts animals onto her examination table ________
*Isaac is an Aquacultural Manager who trains and oversees workers ________
*Felix is a Zoologist who studies goats and carefully records information in his notes about them _________

options:
-For Judy: problem-solving skills, physical strength, teaching skills, and communication skills

-For Isaac: attention to detail, problem-solving skills, organizational skills, and leadership skills

-For Felix: teamwork, attention to detail, teaching skills, and flexibility

Answers

Answer:

1. Physical strength

2. Leadership skills

3.  Attention to detail

Have a good day!!

Answer:

✔leadership skills

✔ physical strength  

✔ attention to detail

Explan ation:

In the first week, you learned about one possible source of limits to arbitrage -- fundamental risk. What do you think would happen to a closed-end fund's discount if the fund announced that it would liquidate in six months when it will distribute the NAV to its shareholders? How does that announcement affect the fundamental risk of an arbitrageur that tries to exploit the closed-end fund discount?

Answers

Closed-end funds (CEFs) trade like stocks in the open market, with prices that can diverge from their net asset value (NAV).

One of the potential sources of the arbitrage limit that was explained in the first week is fundamental risk, which is the risk associated with the underlying asset of the closed-end fund. This risk includes credit risk, interest rate risk, and market risk.

If a closed-end fund declares its intention to liquidate in six months and distribute the NAV to its shareholders, the discount on its stock price might not widen. It would be reasonable to anticipate a decrease in the discount, all other things being equal, due to the certainty of a future cash inflow that can be valued by investors.

Therefore, a price increase in the shares of the CEF might be seen in anticipation of the NAV payout, with the discount decreasing towards zero.

The liquidation of a closed-end fund would likely result in a loss of value for any arbitrageur who tries to exploit the closed-end fund discount. As the fund's underlying securities are sold off and the NAV payout approaches, the risk of fundamental risk for the arbitrageur increases because there is uncertainty about the timing and nature of the liquidation of the underlying securities.

This uncertainty increases the probability of the prices of the underlying securities moving, which can result in the arbitrageur losing money.

The arbitrageur's fundamental risk increases because the probability of the underlying securities' prices changing in response to market conditions rises with each passing day until the fund liquidation.

This risk results in arbitrageurs being hesitant to exploit the discount, resulting in limits to arbitrage.

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a measurable obligation arising from agreements, contracts, or laws is called a liability.

Answers

True, generally, liability refers to the measurable obligation arising from agreements, contracts, laws etc

In law, liability is use to referred to the obligation owed to another person who have suffered damages or injuries as a result of action of the defendant.

In accounting, liability is used to explain the obligation of payment owed to suppliers, creditors, business partners etc.

Therefore, in general, liability is the term used to describe the measurable obligation arising from agreements, contracts, laws.

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Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?
A. Fireworks displays usually take place in a public area.
B. Fireworks are a scarce resource.
C. Nonpayers cannot be prevented from seeing the fireworks.
D. Each consumer pays a fee to see the fireworks.

Answers

Answer:

C. Nonpayers cannot be prevented from seeing the fireworks.

Nonpayers cannot be prevented from seeing the fireworks explains why a city fireworks display on the Fourth of July is provided as a public good. Thus, option C is correct.

A good or service that is made available to all members of society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.

Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.

It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.

Therefore, option C is the ideal selection.

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In the context of the poem, how do people face death? How does Keats challenge the inevitably of death in this poem? How do people use art to overcome death?

Answers

Most of John Kets' poems have the theme of human emotions and feelings, such as love and death, and death is portrayed by the author in the form of being an emotional challenge for human beings, who fear it, but at the same he hopes that there will be a moment of reunion through the precepts of faith.

How does art transform human beings?

Art is an instrument of expression, it is the possibility for individuals to express themselves freely through poems, texts and songs, for example, where they can portray their emotions in order to transform them into something meaningful and reflective for themselves and for others.

Therefore, art is an instrument of personal expression, being a way of developing creativity through variables that are intrinsic to human life, such as its challenges, difficulties, observation of nature, social interaction, etc.

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1. The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate is 3% per quarter.)
2.Suppose a corporate bond that makes semiannual payments has 5 years to maturity. The coupon rate of this bond is 6%, and the yield to maturity is 8%. The bond’s par value is $1,000. What is the bond’s price?
3.You expect to receive three cash flows: $3,000 paid after 2 years, $6,000 paid after 4 years, and $8,000 paid after 6 years. The annual interest rate is 5%. What is the present value of the combined cash flows?

Answers

1. The present value of the preferred stock:Dividend = 3 per quarter,Discount rate = 3% per quarter,Present value of an annuity can be calculated using the formula below:PV = (C / r)(1 - (1 / (1 + r)ⁿ))

Where,PV = present value of an annuity,C = cash flow (payment) per period,r = discount rate,n = number of periods

For quarterly payments, n = 4, so we have:PV = (3 / 0.03)(1 - (1 / (1 + 0.03)¹⁶))

PV = 75(1 - (1 / 1.605))

PV = 75(0.3772)

PV = 28.29

The present value of the preferred stock's dividends is 28.29.

2. The price of the bond can be calculated as follows:Par value of the bond = 1,000,Coupon rate = 6%,Yield to maturity = 8%,Maturity = 5 years.The bond makes semiannual payments, so the number of periods is n = 2 x 5 = 10 years.

We use the formula below to calculate the price of the bond:P = C * (1 - 1 / (1 + r)ⁿ) / r + FV / (1 + r)ⁿ

Where,P = price of the bond,C = coupon payment per period,FV = face value or par value of the bond,r = periodic discount rate (yield to maturity / 2) = 0.04,n = number of periods (10)

substitute the values into the formula:P = 30 * (1 - 1 / (1 + 0.08 / 2)¹⁰) / (0.08 / 2) + $1,000 / (1 + 0.08 / 2)¹⁰

P = 30 * (1 - 1 / 1.46933) / 0.04 + 1,000 / 1.46933⁵

P = 30 * 0.3186 / 0.04 + 1,000 / 1.73596

P = 238.95 + $577.68

P = 816.63

Therefore, the price of the bond is 816.63.

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Croc Catchers calculates its contribution margin to be less than zero. Which statement is true?
a. Its profits are greater than its total costs.
b. Its selling price is less than its variable costs.
c. The company should sell more units.
d. Its fixed costs are less than the variable cost per unit.

Answers

The statement that is true when Croc Catchers calculates its contribution margin to be less than zero is Its selling price is less than its variable costs. So, the correct answer is otpion c.

When a company's contribution margin is less than zero, it indicates that the revenue generated from selling a product or service is not enough to cover the variable costs associated with producing it. In other words, for each unit sold, the company is losing money instead of making a profit. This can happen when the selling price is set too low compared to the variable costs, which could be due to various reasons such as increased competition, incorrect pricing strategy, or inefficiencies in the production process.

In this situation, Croc Catchers should reevaluate their pricing strategy, look for ways to reduce variable costs, or consider discontinuing the product if it's not feasible to achieve a positive contribution margin. Increasing sales volume will not necessarily improve the situation, as the company would still be incurring losses for each additional unit sold. Moreover, the statement about fixed costs being less than the variable cost per unit is not relevant to the contribution margin calculation, as the contribution margin focuses on the relationship between the selling price and variable costs per unit.

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Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!

Answers

Answer:

Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.

Explanation:

In a market economy, equilibrium stays constant and never moves.
True or false

Answers

Answer:

false

Explanation:

there is always change in equilibrium any time demand or supply changes.


Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.

Answers

A family can have more than one person contributing to the household income for a better financial position.

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how many black millionaires are there in the united states?

Answers

Answer:

1.5 million black American millionaires.

Explanation:

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