Answer:
2.33; the demand for movies is elastic
Explanation:
Below is the calculation for price elasticity of demand:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
Here, the change in quantity demanded is defined as
= Q2 - Q1
= 30 - 15
= 15
The average quantity demanded is
= (30 + 15) ÷ 2
= 22.50
The change in price is computed as
= P2 - P1
= $8 - $6
= $2
And the average price is
= ($8 + $6) ÷ 2
= 7
Thus, after computing, the result for price elasticity of demand is 2.33
As we were not instructed on the method for calculation, the mid-point formula was utilized.
From this calculation, we deduce that the demand for movies is indeed elastic.
<span>Involving scientists and mathematicians in the project would provide significant advantages by enabling precise calculations regarding costs and environmental impact, along with optimizing our budget effectively. It's crucial to recognize the importance of these new consultants to our team.</span>
Explanation:
The Clean Air Act was introduced in 1963 with the aim of safeguarding both the environment and public health in the United States.
Benefits to the environment:
- Minimizes air pollution by imposing standards on industries to regulate the emission of harmful wastes.
- Encourages individuals to be more active due to the availability of clean air
- Safeguards the ozone layer
Drawbacks for the industry:
- Represents a significant obstacle for industries
- Some products cannot be manufactured due to emissions exceeding the limits set by the Clean Air Act.
While the Clean Air Act is crucial for environmental protection, there are many skilled individuals in the industry who can wisely manage pollution and still find success amidst these challenges.
Answer:
Universal Containers wishes to assign Cases using the same criteria employed for Live Agent chats. Which feature should a Consultant propose?
Omni-channel Skills-based routing
Explanation:
Answer:
P14 = $55.69545045394 rounded to $55.70
Explanation:
The dividend discount model (DDM) based on constant growth can help determine the current stock price. It assesses a stock’s price using the present value of the anticipated future dividends. The formula for determining today's price with a constant growth DDM is,
P0 = D1 / (r - g)
Where,
- D1 represents the expected dividend for Year 1 or the following year
- g denotes the constant growth rate for dividends
- r signifies the discount rate or the required rate of return
To find the stock price today, we will utilize the dividend expected in Year 1. Consequently, to compute the stock price 14 years into the future, we calculate D15. D15 can be figured out as follows,
D15 = D1 * (1+g)^14
D15 = 0.50 * (1+0.09)^14
D15 = $1.67086351362 rounded to $1.67
Now applying the DDM formula for the price,
P14 = 1.67086351362 / (0.12 - 0.09)
P14 = $55.69545045394 rounded to $55.70
