assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing firm will

Answers

Answer 1

Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.

A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.

The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.

Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.

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Related Questions

how do i get an egg out of my fridge????? HELP NEED TO KNOW ASAP

Answers

Answer:

open fridge!!!

Explanation:

STEP 1: open fridge

STEP 2: find the egg then grab with hand!!!!!!!!

(Its really hard!!)

The practice of employees being brand promoters is called __________________________________.
a. employee potential
b. employee advocacy
c. employee empowerment
d. employee promotion

Answers

Answer:

I'm pretty sure it's employee advocacy.

WACC for a company: Contemporary Products Ltd currently has $200 million of market value debt outstanding. The 9 percent coupon bonds (semiannual pay) have a maturity of 15 years, a face value of $1000 and are currently priced at $1,024.87 per bond. The company also has an issue of 2 million preference shares outstanding with a market price of $20. The preference shares offer an annual dividend of $1.20. Contemporary Products also has 14 million ordinary shares outstanding with a price of $20.00 per share. The company is expected to pay a $2.20 ordinary dividend 1 year from today, and that dividend is expected to increase by 7 percent per year forever. If the corporate tax rate is 40 percent, then what is the company’s weighted average cost of capital?

Answers

The company's weighted average cost of capital (WACC) is approximately 12.89%.

To calculate the weighted average cost of capital (WACC) for Contemporary Products Ltd, we need to determine the cost of debt, cost of preference shares, and cost of equity, and then weight them based on their proportions in the capital structure.

1. Cost of Debt:

The market price of the bond is $1,024.87, and the face value is $1,000. The coupon rate is 9%, which means the annual interest payment is $90 (9% of $1,000). The bond is priced at a premium, so we need to calculate the yield to maturity (YTM) to determine the cost of debt. Using financial calculators or Excel, the YTM is found to be approximately 8.5%.

2. Cost of Preference Shares:

The market price of the preference shares is $20, and the annual dividend is $1.20. Therefore, the cost of preference shares can be calculated as the dividend divided by the market price: $1.20 / $20 = 0.06 or 6%.

3. Cost of Equity:

The cost of equity is calculated using the dividend growth model. The next dividend is expected to be $2.20, and the growth rate is 7%. Therefore, the cost of equity can be calculated as the expected dividend divided by the current share price, plus the growth rate: $2.20 / $20 + 0.07 = 0.17 or 17%.

4. Weighted Average Cost of Capital:

To calculate the WACC, we need to determine the weight of each component in the capital structure. The market value of debt is $200 million, preference shares is $40 million (2 million shares * $20 per share), and equity is $280 million (14 million shares * $20 per share). The total market value of the company's capital structure is $520 million.

Weight of Debt = $200 million / $520 million = 0.3846

Weight of Preference Shares = $40 million / $520 million = 0.0769

Weight of Equity = $280 million / $520 million = 0.5385

Finally, we can calculate the WACC as the weighted average of the costs of each component:

WACC = (Weight of Debt * Cost of Debt) + (Weight of Preference Shares * Cost of Preference Shares) + (Weight of Equity * Cost of Equity)

     = (0.3846 * 0.085) + (0.0769 * 0.06) + (0.5385 * 0.17)

     ≈ 0.0329 + 0.0046 + 0.0914

     = 0.1289 or 12.89%

Therefore, the company's weighted average cost of capital (WACC) is approximately 12.89%.

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what technology allows retailers to better respond to consumer buying patterns?

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Rules based Expert systems, or AI systems, employ preprogrammed algorithms to take decisions that resemble those of humans.

Which technologies are employed in retail?

Computer, barcode scanners, and tills are all used in some retail establishments. More advanced technology, like electronic point-of-sale systems, inventory system, and systems that manage customer relationships may be used by other stores.

How does technology assist merchants?

A retailer can transition to "just in time" inventory control with the correct technologies. In actuality, this implies maintaining sufficient stock to complete requests without maintaining a warehouse. Customers can access inventories online and receive notifications from retailers when a product sells out or restocks.

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the profit maximizing monopolist would achieve loss minimization when... group of answer choices price is below average variable cost. price is above average total cost. price is between average total cost and average variable cost. total cost equals total revenue.

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The profit maximizing monopolist would achieve loss minimization when the price is between the average total cost and average variable cost. At this level, the firm would continue to produce and sell but aim to minimize losses by reducing output to a level where the price is just above the variable cost. Option B.

The profit maximizing monopolist aims to produce and sell the output at a price that maximizes the difference between total revenue and total cost. However, in some situations, the monopolist might incur losses due to factors such as high fixed costs or low demand. In such cases, the monopolist would aim to minimize the losses by producing at a level where the price is above the variable cost but below the average total cost.
If the price is below the average variable cost, the monopolist would incur losses on each unit of output produced and sold. In such a situation, the firm should shut down in the short run to minimize its losses. If the price is above the average total cost, the monopolist would be earning profits, and there would be no need to minimize losses.
On the other hand, if the price is between the average total cost and average variable cost, the firm would be incurring losses but still covering the variable cost of production. In such a situation, the firm would continue to produce and sell as long as it is covering the variable costs. However, it would aim to minimize losses by reducing output to a level where the price is just above the variable cost.
Option B.

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Consider the following:
What is the primary reason that economists view monopolies as a
problem?
Is this different than you would have expected?
What methods are available to mitigate the impact of

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Monopolies are viewed as a problem by economists due to the reason that they have a substantial impact on the economy. The following are the primary reasons that economists view monopolies as a problem:

Inefficient resource allocation - Monopolies may use their market control to set higher prices and restrict output, resulting in inefficient resource allocation.

Reduced consumer surplus - Because monopolies can raise prices and decrease output, they reduce consumer surplus, which is the difference between what consumers are willing to pay for a good or service and what they actually pay.

Diminished innovation - Monopolies may discourage innovation by making it more difficult for new firms to enter the market. Since they have a sizable share of the market, they may be less likely to take risks and innovate.

Encourage rent-seeking - Monopolies may engage in rent-seeking activities, which are efforts to acquire wealth via the political system rather than through productive economic activity.

Mitigating the impact of monopolies is a significant challenge, but a few methods are available. These include:

Antitrust laws - Governments may employ antitrust legislation to prevent monopolies from abusing their market power and promote competition.

Regulation - Governments may regulate the prices and output of monopolies to prevent them from engaging in rent-seeking activities or to prevent them from charging excessively high prices.

Public ownership - The government may choose to nationalize monopolies, thus taking them over. Public ownership might increase transparency, reduce rent-seeking, and enhance social welfare.

Encouraging competition - The government may promote competition by reducing barriers to entry, subsidizing research and development, and improving infrastructure.

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In the market for good X there are three buyers, Adam, Bill, and Carolyn. Adam buys 3 units of good X at $4, Bill buys 7 units of good X at $4, and Carolyn buys 8 units of good X at $4. One point on the market demand curve for good X consists of a price of _____________ and a quantity demanded of __________________ units. a. $4; 10 b. $4; 18 c. $4; 15 d. $5; 8 e. none of the above

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The market demand curve for good X is a graphical representation of the quantity demanded of a good at a given price.

The market demand curveThere are three purchasers looking to purchase good X: Adam, Bill, and Carolyn. Bill purchases 7 units of good X for $4, Carolyn purchases 8 units of good X for $4, Adam purchases 3 units of good X for $4. A price of $4; 10 and a quantity needed of $4; 15 units make up one point on the market demand curve for good X.The quantity demanded of a good at a specific price is represented graphically by the market demand curve for good X. In this instance, the requested quantity is 15 units, and the offered price is $4.By examining the total number of units of good X being bought at the specified price, it is possible to identify this point on the market demand curve.The point on the market demand curve for good X in this instance is $4; 15 units since Adam, Bill, and Carolyn are collectively purchasing 18 units of good X at a cost of $4.

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can you please provide me diagram of zachman framework for shoes manufacturing industry.

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By using the Zachman Framework, you can make sure that your shoes manufacturing process is aligned with your business goals and that it is as efficient and effective as possible.

What: The what layer defines the business entities and data that are involved in the shoes manufacturing process. This includes things like the different types of shoes, the materials used to make them, and the steps involved in the manufacturing process.

How: The how layer defines the processes and procedures that are used to manufacture shoes. This includes things like the order of operations, the resources that are needed, and the metrics that are used to measure performance.

Where: The where layer defines the physical locations where shoes are manufactured. This includes things like the factories, the warehouses, and the transportation networks.

When: The when layer defines the time horizon for the shoes manufacturing process. This includes things like the lead times, the delivery schedules, and the warranty periods.

Who: The who layer defines the people and organizations that are involved in the shoes manufacturing process. This includes things like the customers, the suppliers, and the employees.

Why: The why layer defines the reasons why shoes are manufactured. This includes things like the market demand, the strategic goals, and the financial objectives.

The Zachman Framework is a powerful tool for understanding and managing complex business processes. By using the framework, you can ensure that your shoes manufacturing process is well-defined, efficient, and effective.

Here is an example of how the Zachman Framework can be used to improve the shoes manufacturing process:

In the what layer, you could define a new type of shoe that is made from recycled materials.

In the how layer, you could develop a new process for manufacturing shoes that is more environmentally friendly.

In the where layer, you could identify new locations where shoes could be manufactured that are closer to customers.

In the when layer, you could shorten the lead times for shoes by using more efficient manufacturing processes.

In the who layer, you could train employees on new skills that are needed to manufacture shoes using recycled materials.

In the why layer, you could define a new strategic goal for the company to become the leading manufacturer of sustainable shoes.

By using the Zachman Framework, you can make sure that your shoes manufacturing process is aligned with your business goals and that it is as efficient and effective as possible.

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can you please provide me diagram of zachman framework for shoes manufacturing industry.

Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.

Answers

Answer:

Option B !!!!! :))

Explanation:

According to the video, which qualities do Police Patrol Officers need? Select all that apply.

creativity
physical fitness
independence
patience
a loud voice
a gun license

According to the video, which qualities do Police Patrol Officers need? Select all that apply.creativityphysical

Answers

Answer:

Please can you post the video

Answer:

b-physical fitness d-patience  f-a gun license

Explanation:

hope this helps

Help!

Which federal agency oversees how clean and how appropriately a restaurants prepare and store foods?

Answers

Answer:

FDA's Center for Food Safety and Applied Nutrition (CFSAN) seeks to ensure that these foods are safe, sanitary, nutritious, wholesome, and honestly and adequately labeled.

Explanation:

FDA center that is the answer don’t know if this is exactly what u wanted

If sandhill designs wants to preserve the existing gross margin percentage, what is the target cost at a market price of $ 159? (

Answers

The formula used is simple: cost = market price - (market price * (X/100)), where X represents the existing gross margin percentage.

To find the target cost at a market price of $159 while preserving the existing gross margin percentage for Sandhill Designs, we can follow these steps:

Determine the existing gross margin percentage. Let's assume it is X%.

Calculate the cost by subtracting the gross margin from the market price. In this case, the cost can be calculated as follows:

Cost = Market price - (Market price * (X/100))

Plug in the market price of $159 and the existing gross margin percentage to calculate the target cost:

Cost = $159 - ($159 * (X/100))

To find the target cost, it is important to understand the concept of gross margin. Gross margin is the difference between the selling price and the cost of goods sold, expressed as a percentage of the selling price. By preserving the existing gross margin percentage, Sandhill Designs aims to maintain profitability while adjusting the cost according to market price changes.

In the given scenario, the market price is $159. To calculate the target cost, we subtract the gross margin from the market price. This ensures that the desired profit margin is maintained. The formula used is simple: cost = market price - (market price * (X/100)), where X represents the existing gross margin percentage.

To preserve the existing gross margin percentage for Sandhill Designs at a market price of $159, the target cost can be calculated using the formula provided above.

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solve pls
e) Which one of the followings is for 'end-of-life' product choices? 1. Repair, refurbishment, reuse 2. Recycle and landfill 3. All of above

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The end-of-life product choices that involve repair, refurbishment, and reuse are for the following term: 1. Repair, refurbishment, reuse.

What are the "end-of-life" product choices? In the context of product choices, "end-of-life" refers to the point at which a product is no longer useful or functional, and must either be disposed of or recycled. At this point, the product's life cycle is complete, and it is no longer of use to its owner. This could be due to damage, wear and tear, or obsolescence. As a result, end-of-life product choices have emerged to help manage waste and promote sustainability. There are a variety of end-of-life product choices available, depending on the product in question and its specific requirements. Some common choices include Repair: This involves fixing a damaged or broken product so that it can continue to be used. This is an especially useful option for products that are expensive to replace or that have sentimental value.

Refurbishment: This is a more extensive version of repair that involves replacing or updating some of the product's components to extend its lifespan. This can be especially useful for items like computers or smartphones that can benefit from upgraded software or hardware. Reuse: This involves finding new uses for a product that is no longer needed in its original capacity. This could include donating it to a charity, selling it secondhand, or using it for a new purpose.

Recycle and landfill: When a product is no longer repairable, reusable, or refurbish able, it may need to be recycled or disposed of in a landfill. Recycling involves breaking down the product into its component parts and using those parts to create new products. A landfill involves burying the product in a designated area. Both recycling and landfill have a significant impact on the environment. Landfills take up space and can contaminate the surrounding soil and water with toxic chemicals. Recycling, on the other hand, requires significant amounts of energy and resources to process and transport recycled materials.

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Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences

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Visit the Web site for a different well-known company, and find the section that lists the company's values.

I looked through the Microsoft.com company website.

Innovation, diversity and inclusion, CSR, AI, reliable computing, respect, integrity, and accountability are among the core principles highlighted.

Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.

This is not surprising to me because the corporation makes this point in its advertising and other materials.

What are their core values about?

Among the mentioned core values are;

Technology can and should be a force for good, and we believe that significant innovation can and will make the world a better place in both large and little ways.

Diversity and inclusiveness are important to our success. To enlighten, challenge, and push our thinking, we draw on the strengths, experiences, and many points of view of our customers and staff.

AI - Our belief is that AI can enhance your talents, free you up to engage in more creative and strategic activities, and assist you or your organization in achieving more when it is created with humans at the heart.

They acknowledge full accountability for all choices, deeds, and outcomes. Therefore, Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.

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Which is an example of E-commerce?

Which is an example of E-commerce?

Answers

Answer:

A rrespuesta A espero sea correcta

What is one way to overcome imposter syndrome?
A. Use imagination and visualization to find your natural talents.
B. Remind yourself that you worked hard for the success you
achieved.
OC. Compare yourself to those who are better than you at a specific
skill.
D. Identify with members of a group who you perceive are like you.

Answers

Overcoming imposter syndrome can be challenging, but one approach is to, remind yourself that you worked hard for the success you achieved. Option B

What is Imposter syndrome i about?

Imposter syndrome is a common phenomenon where an individual feels like a fraud, doubting their abilities and accomplishments despite evidence of their competence.

Acknowledge and give yourself credit for the hard work, effort, and skills you've acquired to achieve success. Recognize that everyone makes mistakes and experiences setbacks, but that doesn't diminish their abilities or accomplishments. Focus on your strengths and the value you bring to the table, rather than comparing yourself to others.

Over time, you can gradually build your confidence and self-esteem by continuously reminding yourself of your achievements and your ability to grow and learn.

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A budget deficit results when government outlays exceed its revenue. Please select the best answer from the choices provided T F.

Answers

A budget deficit results when government outlays exceed its revenue is true.

A budget deficit occurs when the government spends more money than it receives in revenue. It is usually the result of a combination of factors, including economic conditions, government policies, and unforeseen circumstances such as natural disasters or wars.

The government can finance a budget deficit in several ways, including borrowing from the public, selling Treasury bonds, or printing more money. However, each of these methods can have negative consequences, such as inflation, higher interest rates, and increased debt.

A budget deficit occurs when government spending exceeds revenue. It can be financed through borrowing, selling bonds, or printing money, but these methods can lead to negative consequences like inflation and increased debt.

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If the covariance between stock A and stock B is 100, the standard deviation of stock A is 10 percent and that of stock B is 20 percent, calculate the correlation coefficient between the two securities. Multiple Choice a) -0.5 b) +1.0 c) +0.5 d) 0.0

Answers

To calculate the correlation coefficient between stock A and stock B, you'll need to use the given covariance and standard deviations of both stocks. The formula for the correlation coefficient is:

Correlation coefficient (ρ) = Covariance(A, B) / (Standard Deviation(A) * Standard Deviation(B))

Given: Covariance(A, B) = 100, Standard Deviation(A) = 10%, Standard Deviation(B) = 20%

ρ = 100 / (0.10 * 0.20)
ρ = 100 / 0.02
ρ = 5000

However, this answer is not among the provided multiple-choice options. It seems there is an error in the given data, as the correlation coefficient should be within the range of -1 and +1. Please double-check the values provided for the covariance and standard deviations of the stocks.

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1. Which of the following is INCORRECT?
Assets
Liabilities
Capital
$
$
$
i
ü.
18,270
9,340
15,160
12,230
5,290
3,120
6,380
1,390
12,980
6,220
7,780
10,840
111.
iv.

Answers

Answer:

HINDI KO PO GETPASYENSYA NA POKUNG SAAN UMAASA KAYO SASAGOT KO.

____ new menu now includes many low-calorie and low-fat options. a. Starbucks' b. Starbucks c. Starbucks's

Answers

There are different kinds of eatery. Starbucks new menu now includes many low-calorie and low-fat options.

What foods are low calorie and low-fat?

They are;

BerriesCucumberFatty Fish, etc.

Studies has shown that Low-calorie foods leads to weight loss  which can make one to slim down.

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In triggering employee performance, the most powerful trigger is?

Answers

The most powerful trigger in employee performance can vary depending on individual factors, such as personal motivation, work environment, and job role. However, there are a few common triggers that tend to have a significant impact on employee performance. Some of these triggers include:

1. Clear and specific goals: When employees have clear and specific goals to work towards, it provides them with a sense of direction and purpose. Clear goals help employees understand what is expected of them and motivate them to perform at their best.

2. Recognition and rewards: Recognizing and rewarding employees for their achievements and hard work can be a powerful motivator. Whether it's through verbal appreciation, bonuses, or promotions, rewards and recognition make employees feel valued and appreciated, which can enhance their performance and job satisfaction.

3. Opportunities for growth and development: Providing employees with opportunities for growth and development, such as training programs, workshops, or mentoring, can boost their motivation and performance. When employees feel that they are progressing and learning new skills, they are more likely to be engaged and perform at a higher level.

4. Supportive and positive work environment: A supportive and positive work environment can significantly impact employee performance. When employees feel supported by their managers and colleagues, they are more likely to be motivated and satisfied in their work. Positive work environments foster collaboration, open communication, and trust, which can enhance performance and overall job satisfaction.

5. Autonomy and empowerment: Giving employees a certain level of autonomy and empowerment in their work can have a positive impact on their performance. When employees have the freedom to make decisions and have ownership over their work, they are more likely to feel motivated and responsible for achieving results.

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what form of ownership is inheritable and includes the entire bundle of rights, not subject to any conditions or qualifications?

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The form of ownership that is inheritable and includes the entire bundle of rights, not subject to any conditions or qualifications, is called fee simple absolute. In fee simple absolute ownership, an individual or entity has complete and unrestricted ownership rights over a property.

These rights include the right to possess, use, transfer, and even destroy the property. Fee simple absolute ownership allows for the property to be inherited and passed down through generations without any restrictions or limitations, making it the most comprehensive and unrestricted form of ownership.

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It is generally harder to transfer one's ownership interest in a partnership than in a corporation. a. True b. False

Answers

There are different kinds of business. It is generally harder to transfer one's ownership interest in a partnership than in a corporation is a True statement.

Why is it harder to transfer one's ownership interest in a partnership?

Partnerships and proprietorships are known to have a tax advantage when compared to corporations. It is therefore harder to transfer one's ownership interest in a partnership than that of an corporation.

Ownership in a corporation is said to be usually transferred through the sale of stock. A change in ownership is known to not affect the presence of the corporation.

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What is the name of the law, administered by the governor through the Office of Consumer Affairs, that is designed to protect the public by focusing on deceptive advertising

Answers

The Georgia fair business practices act

What should a consumer consider when deciding whether to purchase a new insurance policy?

A. Whether it has the highest possible deductible compared to other policies

B. Whether it has the highest possible premiums compared to other policies

C. Whether its premiums are worth more than its potential benefits over time

D. Whether its potential benefits are worth more than its premiums over time

Answers

A customer should examine if the prospective benefits outweigh the premiums.

Option D. is correct.

Define insurance.

An insurance policy is a contract in which a person pays a firm money in exchange for the company promising to pay cash if the individual is harmed or dies, or to compensate for the worth of lost or damaged property.

Over time, a customer should examine if the prospective benefits outweigh the premiums.

Option D. is correct.

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Paul's Programming Services paid $100 dividends. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Credit Cash; debit Common stock. Debit Dividends; credit Cash. Debit Cash; credit Dividends expense. Credit Cash; debit Retained earnings.

Answers

Answer:debit dividends; credit cash

Explanation:

In T-accounts, the transaction is recorded as debit Dividends; credit Cash. Option (b) is correct.

What are T accounts?

A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the bookkeeping entries are organized, the account is known as a T-account.

A corporation's payout of profits to its shareholders is known as a dividend. A corporation that experiences a profit or surplus is able to distribute a portion of that profit to its shareholders in the form of a dividend. Any remaining funds are seized and reinvested in the company (called retained earnings). A corporation is typically not allowed to pay a dividend out of its capital. therefore, both the current year's profit and the retained earnings from prior years are eligible for distribution.

Therefore, Option (b) is correct.

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suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending december 31, 2022. calculate the dupont identity.

Answers

The DuPont Identity is 0.0477.

Suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2022. Calculate the DuPont Identity.

The DuPont Identity is a method of breaking down Return on Equity (ROE) into its component parts, allowing analysts to evaluate the sources of the company's profitability.

The formula for the DuPont identity is as follows:ROE = (Net Income/Sales) x (Sales/Total Assets) x (Total Assets/Shareholders' Equity)

ROE is calculated by dividing Net Income by Sales.ROE = Net Income / SalesROE = $86,432 / $2,751,332ROE = 0.0314

The formula for the DuPont identity is:ROE = Net Income / Sales x Sales / Total Assets x Total Assets / Shareholders' Equity ROE = Net Income / Shareholders'

Equity / Total Assets x Total Assets / SalesROE = (Net Income / Sales) x (Total Assets / Shareholders' Equity)ROE = Profit Margin x Asset Turnover x Financial Leverage

We can then substitute the values for Profit Margin, Asset Turnover, and Financial Leverage:ROE = (Net Income / Sales) x (Sales / Total Assets) x (Total Assets / Shareholders' Equity)ROE = 0.0314 x 1.05 x 1.36ROE = 0.0477 The DuPont Identity is 0.0477.

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Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.​

Answers

Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.

What is a payment from a grant?

A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.

Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.

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Select the correct answer.

Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?

A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.

Answers

Answer:

Explanation:

They believe that currencies must find their own market levels.

a 2 percent increase in the price of neckties leads to a 5 percent decrease in the quantity demanded of neckties. the absolute price elasticity of demand is

Answers

A 2% rise in necktie costs results in a 5% drop in the number of ties that are purchased. Demand is 2.5 times more elastic at absolute prices.

If the percentage decline in the amount demanded is less than the percentage increase in the price, the demand for a good is inelastic. Demand is inelastic in this case because a 10% price increase results in a 2% decrease in quantity demanded.

Perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary are the five major categories into which elasticities can be effectively categorized. Demand elasticity, also known as price elasticity of demand, is calculated by dividing the percentage change in quantity demanded, q, by the percentage change in price, p.

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