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Alexxandr [17]
2 years ago
6

Suppose you are considering two cities, city A with elastic housing supply and city B with inelastic housing supply. The two cit

ies are otherwise exactly identical. Suppose you believe that housing demand in both cities will rise by exactly 20% over the next 3 years. Which city should have a bigger rise in house prices at the end of the 3 years holding all else constant?
Business
2 answers:
DedPeter [7]2 years ago
8 0

Answer:city A

Explanation:

City A has an elastic supply meaning an higher or lesser housing supply can affect the house prices significantly. Therefore if the demand increases, supply has to increase therefore increasing the house price significantly

City B has an inelastic supply meaning lesser or higher supply does not really affect it's price significantly

sergejj [24]2 years ago
7 0

Answer:

City B

Explanation:

The city that should have a bigger rise in house prices at the end of the 3 years holding all else constant should be City B because the house prices of CITY B will tend to rise more reason been that city B has inelastic housing supply which in turn will lead to the more inelastic city.

Therefore Suppose i believe that housing demand in both cities will rise by exactly 20% over the next 3 years CITY B should have a bigger rise in house prices at the end of the 3 years holding all else constant than CITY A

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Shtirlitz [24]

Answer:

a. Merina's captal is $160,000. Half would be $80,000.

Entry;

DR Merina, Capital ..................................................................$80,000

CR Wayne, Capital ....................................................................................$80,000

(To record purchase of half of Merina Capital)

b.

DR Cash......................................................................$180,000

CR Wayne, Capital.........................................................................$180,000

(To record Wayne investment)

<u>Working</u>

The current Capital amount is;

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If Wayne joins and adds to this such that he owns 1/3 then;

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x = 360,000/2/3

x = $540,000

Wayne's share would be;

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2 years ago
At its height, what percentage of american workers were employed in an automotive-related industry?
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The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.
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2 years ago
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"" In order to produce 100 oatmeal cookies, GoodieCookieCo incurs an average total cost of $0.25 per cookie. The company’s margi
Alenkinab [10]

Answer:

Total cost to produce 50 oatmeal is $20

Explanation:

We have given average total cost to produce 100 oatmeal cookies = $0.25

So Total cost = 0.25×100 = 25

Total variable cost  to produce 100 cookies = marginal cost×100 = 0.1×100 = 10

Total fixed cost to produce 100 cookies = total cost-total variable cost = 25-10 = $15

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=total fixed cost + total variable cost

=total fixed cost +(marginal cost ×50)

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8 0
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dexar [7]

Answer:

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Usually tax examiners perform tasks like: reviewing tax returns, contacting taxpayers, verify data through audits, evaluation financial information, notifying taxpayers about overpayments or underpayments.

Equal opportunity representative main role is to monitor and evaluate compliance with equal opportunity laws, which means that they must investigate employment practices or alleged violations of the Equal Opportunity Act and other laws and regulations that prohibit work discrimination.

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"I want to expand our social media presence, engaging our customers on their preferred platforms in a cost-effective manner. If
astraxan [27]

<u>Answer:</u>

<u>"You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization." </u>

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Remember, a rational decision-making process is one that is not based on emotions but on carefully considering the facts. In other words, it involves forming conclusions based on examined evidence, even if they go against our initially perceived outcome.

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