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nata0808 [166]
2 years ago
10

The one-to-one property of natural logarithms states that if ln x = ln y, then

Business
1 answer:
Irina18 [472]2 years ago
5 0
<span>If ln x = ln y, then x=y. Because ln is the constant on both sides of the equation, therefore, ln cancels itself out, leaving x equaling y.</span>
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Trevor always begins the day with a strawberry milkshake (milk (x1 ) and strawberries(x2) mixed in proportion 1:5). His income i
jenyasd209 [6]

Answer:

Check the explanation

Explanation:

Going by the question that the proportion of milk and strawberry for milk shake is 1:5.

If amount of milk is to be X1 that means the quantity of strawberry (X2) will be 5×X1, i.e., X2=5X1... Equation 1

And in addition, the milk and strawberry are complementary consumables as strawberry is of no use without milk and vice versa.

Budget equation will be as follows:

P1×X1+P2×5X1=M.... Equation 2

Given M=200, P1=15 & P2=1

Putting values in Equation 2

15×X1+1×5X1=200

X1=10 & X2=50(from equation 1)

Answer a)

With change in P1 from 15 to 5

Again putting values in Equation 2

5×X1+1×5X1=200

X1=20 & X2=100.

The total change in the demand of milk will increase from 10 units to 20 units.

Answer b)

Strawberry and milk are complementary goods here for that reason there would be no effect on substitution.

Answer c)

Since there will be no effect on substitution, total effect will be equal to income effect.

7 0
2 years ago
As a trophy property, the price offered for the office building may say more about the continuing robust financial health of wea
kenny6666 [7]

Answer:

D

Explanation:

From the passage it can be inferred that, the price offered for the office building, a trophy property may say more about the continuing robust financial health of wealthy buyers

6 0
1 year ago
Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction build
pentagon [3]

Answer:

NPV -6,422.07908

The investment is not profitable at current cost of capital os 11.6%

Explanation:

Sister Pools 11.6% after tax cost of capital

Contructions 10.3% after tax cost of capital

- 85,000

cash flow 17,000 for next 7 years

<u>We will calculate the present value of a 7-years annuity of 17,000 at 11.6% </u>rate

<em>We use Sister Pools rate because we are asked for this company and there is no indication about a change in the cost of capital condition.</em>

<em />

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\\\\\\\17,000 \frac{1-(1+0.116)^{-7} }{0.116} = PV\\

PV = 78,577.92092

<u>Next we subtract the investment cost to get the Net Present Value</u>

78,577.92092 - 85,000 = -6,422.07908

3 0
2 years ago
Imagine that the U.S. Congress, recognizing the importance of being well dressed, started giveing preferential tax treatment to
andrezito [222]

Answer:

Part a.

If the Congress of country U to clothing insurance gives a preferential tax treatment, and the insurance company agrees to pay 80% of the clothing expenses and the tax subsidizes the insurance premium, it will result in increase in the consumption of clothes, because people will buy clothes as if they were free.

With this change in behavior there will be decline in economic efficiency because purchasing of formal and expensive clothing is not done on a regular basis, with clothing insurance people will buy less costly daily wear clothes at subsidized rates or for free and the price of clothes will decrease.

Part b.

People who can pay for the 20% remaining cost of clothes will buy insurance clothing and those who can pay the premium. Moreover, the rich will over consume than the poor because they are the ones who will give more importance to good clothing.

Part c.

If a person spends $2000 on clothing the clothing, insurance cost will be more than $2000 because higher the probability of claim higher will be the premium charged by the insurance company.

Part d.  

This is not a good idea by the Congress of country U because good clothing is something every person would like to have. Like in health insurance, people should be insured for big life threatening health issues and for minor health issues people should pay out of their pockets, because people take health insurance benefits for minor health issues since health is more or less free in the COUNTRY U. The high premium costs and high prices are completely ignored.

7 0
1 year ago
In Ritzer chapter 2, he points out that Weber viewed ______ as the most efficient structure for dealing with large numbers of fo
Mars2501 [29]

Answer:A. Bereaucracy

Explanation: Max Weber is a German Sociologists known for his work on the BEREAUCRACY THEORY, where he states that Bereaucracy is the most effective and efficient way of handling large tasks in Organisations to eliminate Favouritism and ensure that Government tasks are systematically conducted.

Ritzer is an American Sociologist who pointed that Max Weber view Bereaucracy as the most efficient structure for dealing with large numbers of formalized tasks and paperwork.

6 0
2 years ago
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