Answer:
Inelastic
Explanation:
Elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded =
35,000 - 40,000/40,000 = -0.125 = -12.5%
percentage change in price = $10 - $8 / $8 = 0.25 = 25%
Elasticity = -12.5%/25%= -0.5
Demand is inelastic because the elasticity of demand is a less than 1.
Elasticity of demand measures how quantity demanded changes when price change.
Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .
Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1
Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.
Answer: Banks Balance Sheet
Explanation:
Banks Balance Sheet
$billion
<u>ASSETS:</u>
- Cash (Paper Money & Coins) 250
- Federal Reserve Bank 170
- Deposit with other private banks 930
- Loan to Households 2,700
TOTAL ASSETS <u> 4,050</u>
<u>LIABILITIES:</u>
- Customers Deposits 2,600
- Loans 1,750
- Debts 650
TOTAL LIABILITIES <u>5,000</u>
<u>CAPITAL:</u>
-Physical capital 1,800
Answer: a. It merely conducted some activity outside of Alaska and that activity took place through a website.
Explanation:
CalmDown can use the defence that all it did was to conduct an activity through it's website and this happened to be outside Alaska.
As such the company is still bound by the state that it is registered in which in this case would seem to be in Alaska. They are not to be bound by the laws of another jurisdiction from the one they are registered to if the activity was done on the internet.
Marcus should therefore try to bring action against them in Alaska if he can.
Answer:
C) Addressing trade-offs between space and material handling.
Explanation:
Addressing trade offs between material handling and space in the warehouse is a major problem been tackled in warehouse layout strategy.
In any case where it is been found that your warehouse or distribution centre capacity is at bursting point, and costs are escalating while service levels are not being met, it is natural to assume that a bigger warehouse would go a long way to addressing the issues.
That is why experts in this field that have extensive experience in assisting customers in the identification of causal issues through its(warehouse) facility design, operations audits and also layout.
Answer:
The correct answer is -3.963%.
Explanation:
According to the scenario, the given data are as follows:
Interest rate = 7.85%
Rate of inflation = 12.3%
So, we can calculate the real interest rate by using the following method:
Real interest rate =[ (1 + Interest rate) ÷ ( 1 + inflation rate) ] - 1
By putting the value, we get,
Real interest rate =[ (1 + 0.0785) ÷ ( 1 + 0.123) ] - 1
= -3.963%
So, the purchasing power of your savings decreased by 3.963%.