Answer:
The answers are:
When the price increased from $2.00 to $2.50 the PES was 1.5
When the price increased from $2.50 to $3.00 the PES was 1.36
Explanation:
The formula used to calculate price elasticity of supply (PES) is:
PES = [(New Quantity Supplied – Old Quantity Supplied)/(Old Quantity Supplied)] / [(New Price – Old Price)/(Old Price)]
PES = % change in quantity / % change in price
When the price increased from $2.00 to $2.50 the PES was:
PES = [(110 - 80) / 80] / [(2.50 - 2.00) / 2.00] = 1.5
When the price increased from $2.50 to $3.00 the PES was:
PES = [(140 - 110) / 110] / [(3.00 - 2.50) / 2.50] = 1.36
The correct answer for the question is option"b", changing the value offered to the customers.
Explanation:
Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.
Answer:
correct answer is C. Credit to Cash Over and Short for $35
Explanation:
given data
cash sales = $1,000
cash in register = $1,035
solution
we actual cash per the count is $1,035
Cash account will be debited by the same
and Sale account will be credit to extent
and difference in count of cash and the cash register tape as
difference in count of cash = $1035 - $1000
difference in count of cash = $35
so correct answer is C. Credit to Cash Over and Short for $35
Answer and Explanation:
a. In case when the new bills are kept by the people so the supply of money would be increase by a very similar amount as it was dropped off the plane. That's because the banking is not in the image, so there is no impact on the money multiplier.
b. If the amount is deposited in the bank, the cash supply would rise with the money multiplier being taken into account. Money Multiplier = Deposited currency / reserve ratio. The overall supply of money that will raise be 1 billion / 0.1.
c.Again, if a 100% reserve banking is exercised by the bank, so the boosted money supply would be the same value as it has been deposited.
d. If half of the value is held by the public and half of the value is deposited with the bank at 10% of the reserves, the supply of money rises by half of the amount which is held by the public in addition of half of the value / reserve ratio that is 10%.
Answer:
Explanation:
Net Cost of Life Insurance Premium : Life insurance policy entails Premium to be paid by the insured at a monthly / quarterly interval. insured often gets dividend from the insurance company and in that case, the net cost of premium will be low
The 20 years premium can be calculated with Annual Premium which is not given in the question, therefore i will solve for all the option but please pick the answer that the Annual premium is with you
a) 20 years premium = Annual Premium x Number of years
= 11700 x 20
= 234,000
b) 20 years premium = Annual Premium x Number of years
= 7900 x 20
= 158,000
c) 20 years premium = Annual Premium x Number of years
= 550 x 20
= 11,000
d) 20 years premium = Annual Premium x Number of years
= 28350 x 20
= 567,000
