The break even points for the buyer and seller are $1.63 and $1.57 respectively.The break-even point for your small business is essentially the moment at which total costs and total revenues are equal; there is simply no loss or gain.
On the other hand, you have now reached the point in production where a product’s sales are equal to its production costs.
Exercise cost plus premium = break-even point Buyers’ break-even point is 1.60 + 0.03 = $1.63.Calculating the seller’s break event point:Breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).Seller’s break-even point is $1.57.Revenues for a product are equivalent to production.
Exercise cost plus premium = break-even point buyers’ break-even threshold is 1.60 plus 0.03 calculation of seller’s break event point: = $1.63 breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).An owner is defined by the BEP as having the revenue necessary to pay for all costs, including fixed costs. If properly applied, the BEP could reduce expenditures.Controlling fixed costs and recognizing when to expect future increases in fixed costs.
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you borrow $25,000 to be repaid in 12 monthly installments of $2,292.00. the annual interest rate is closest to group of answer choices 1.5 percent. 18 percent. 12 percent. 24 percent.
The annual percentage rate is 18% if you borrow $25,000 to be repaid in 12 monthly installments of $2,292.00.
Loans are frequently repaid through equal monthly payments over time, a process known as amortization. The monthly payments are determined in such a way that their present value equals the amount borrowed.
Assume that the monthly interest rate is r. When the monthly payments are discounted at this rate, the present value must equal the amount borrowed, i.e.,
2292*(1-(1+r)^-12)/r=25,000, yielding r=1.5%
As a result, the annual percentage rate is 1.5% * 12 = 18%.
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2. the following information relates to clyde corporation which produced and sold 50,000 units last month. there were no beginning or ending inventories. production and sales next month are expected to be 40,000 units. the company's unit contribution margin next month should be: a. $16.63 b. $3.10 c. $7.98 d. $13.30
According to the given information, The company's unit contribution margin next month should be $13.30.
Selling price per unit ($850,000/50,000) $ 17.00Less: Variable manufacturing cost ($140,000/50,000) $ 2.80Less: Variable selling and administrative expense
($45,000/50,000) $ 0.90
Contribution margin per unit $ 13.30You can provide the contribution margin as a gross or per-unit figure. After removing the variable element of the company's expenditures, it indicates the additional revenue made for each product or unit sold.By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The metric, which is often referred to as dollar contribution per unit, shows how much a certain product adds to the company's overall profit.It offers a means of illustrating the profit potential of a certain item or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever income that remains after paying fixed costs.Learn more about Contribution margin, here
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includes providing financial information for reports to managers and shareholders, and overseeing the overall operations of the accounting system. question 46 options: controllership risk management treasury management strategic planning
Controllership includes providing financial information for reports to managers and shareholders and overseeing the overall operations of the accounting system.
Healthy finances are the key to the sustainability of a company to survive or continue to grow. Healthy corporate finance is the dream of everyone in the company. Therefore, finances need to be managed properly and carefully by the company.
Those who are responsible for and manage these finances are financial management as company representatives. His job is to oversee and handle the company's financial statements, as well as investment portfolios, accounting and all kinds of financial analysis. That way the company's finances and assets can be maintained properly. This indicates that financial management must ensure that the company's funds are stable.
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a target audience is select one or more: a. a particular group that has similar attributes at which advertising is aimed due to a high propensity to purchase. b. the group that the competition targets exclusively. c. those people who hear or see an advertisement, regardless of their willingness to purchase. d. the competitor's existing customers only.
A target audience is select one or more: a. a particular group that has similar attributes at which advertising is aimed due to a high propensity to purchase and d. the competitor's existing customers only.
An target audience is a set of folks who participate in a display or stumble upon a work of art, literature, theatre, track, video video games, or academics in any medium. target market individuals participate in extraordinary ways in distinct forms of artwork.
An audience is a set of folks who take part in an event. as an example, folks who go to an e-sports activities occasion to watch others play a sport are a part of an audience. The photo is an instance of heaps of humans gathered into a crowd at an area to watch an e-sports event.
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the first step in decision making is to blank . multiple choice question. perform a differential analysis identify relevant costs and benefits define the alternatives
The first step in decision making is to define the alternatives.
Decision-making, which can also be spelled decision-making and decision-making, is a cognitive process that leads to the choice of a belief or a plan of action from among a variety of potential alternative possibilities. It could be unreasonable or rational, depending. The process of creating decisions is a form of reasoning that is predicated on the values, preferences, and beliefs of the decision-maker.
Every process of decision-making results in a final conclusion, which may or may not lead to action. In particular in European psychology research, research on problem-solving is published alongside research on decision-making. Making decisions can be seen as a problem-solving process that results in an optimal, or at least acceptable, answer.
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given that the brand had the long-term goal of building a franchise system, which was reliant upon a strong and successful brand being developed, do you think that they were too focused on brand and not focused enough on their process and operations?
I would say that given the scenario that happened with the business that the brand were focused too much on their brand, they were not focused on operations and the process.
What is the scenario that is created in the question?This has to do with the initial vision of real burger world. The issue that was raced at the time had to do with the branding of the business, the timing, the design of the product as well as other factors.
From the issue that was faced at the time, we would say that the business brand were so focused on a lot of things that they failed to focus on their operations and their process.
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consider a specific example of the special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the united states was about $3 billion. the population of the united states was approximately 300 million people that year.
special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the US was about $3 billion. the population of the united states was approximately 300 million people that year 10 (3 billion /300 million).
The US Census Bureau estimates that there were around 7.5 billion people on Earth in 2019 and that the 7 billion mark was crossed on March 12, 2012. In October 2011, the United Nations estimated that there were over seven billion people on Earth. This milestone presents both unprecedented problems and potential for all of mankind, according to UNFPA. The US Census Bureau reports that on February 24, 2006, the world population reached 6.5 billion. The approximate day when the world population surpassed 6 billion user was set as 12 October 1999 by the United Nations Population Fund.
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as the human resources director for your company, you must give a presentation to the company owners about the staff demographics in each of your company's two locations. what organizational pattern would be best for you to present your data?
Geography/space organizational pattern will be best to present your data
The Human Resource Director will plan, lead, direct, develop, and coordinate the Human Resource (HR) department's policies, activities, and staff, ensuring legal compliance and the implementation of the organization's mission and talent strategy.
Human resource directors must be well-versed in employment laws and regulations. A college degree and years of experience on the job are required, as well as excellent communication and leadership skills, astute decision making, organizational aptitude, and assertiveness.
Ethical behavior is one of the most important characteristics of an HR director. Many people believe that an HR director should have a high level of general intelligence as well as technological literacy.
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Four years ago ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303. 88. About how much money did ollie deposit into his account when he opened it?.
To calculate the principle amount of the loan with 4 years time and 5 percent rate and interest of $303.88, (P×R×T)÷100 = Interest, (P×5×4)÷100= $303.88, 30388÷20 = P
P is $1519.40.
An interest-bearing deposit account kept at a bank or other financial institution is referred to as a savings account. Despite the relatively low interest rates offered by these accounts, their security and dependability make them a fantastic choice for keeping cash on hand for urgent needs.
Many banks and credit unions offer substantially better returns on savings accounts, despite the fact that the majority of commercial banks only offer modest interest rates
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choose the threat that is not a barrier to entry. a. rivals fight against new entrants. b. several entry barriers exist simultaneously. c. incumbents ignore the new entrant. d. industry profits erode
The threat that is not a barrier to entry is incumbents ignore the new entrant.
The potential threat of entry The competitive climate Porter established has an impact on current rivals and has an impact on how profitable it is for current businesses. For instance, if there is a high danger of entrance, new rivals will probably be drawn to the industry's earnings and will find it easy to enter. Existing rivals may see changes in product quality or price levels as a result of new competitors entering the market, which might threaten or reduce their market share and profitability. In the graphic design sector, where entry barriers are extremely low, Porter's danger of new entrants is demonstrated. Factors that prevent new businesses from entering a market are referred to as barriers to entry. Existing businesses do not have any entrance barriers when they ignore the entry of new businesses.
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if caterpillar wished to reach the market in malaysia but was leery of a direct investment in the country, it might provide a malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called
if caterpillar wished to reach the market in Malaysia but was leery of a direct investment in the country, it might provide a Malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called licensing.
Malaysia is rustic in Southeast Asia. The federal constitutional monarchy includes thirteen states and three federal territories, separated by means of the South China Sea into two regions, Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia stocks a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia stocks land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the countrywide capital, the largest metropolis, and the seat of the legislative branch of the federal government. The nearby deliberate capital of Putrajaya is the administrative capital, which represents the seat of both the executive department (cupboard, federal ministries, and groups) and the judicial department of the federal authorities.
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Zantano Corporation sells $1,000 worth of goods on June 25 on credit. The customer sends the company a check on August 15. The customer receives the goods on September first. Assuming the company uses accrual accounting, the sale will be recorded in _____.
Assuming the company uses accrual accounting, the sale will be recorded in June 25. Accrual accounting is the practice of a company registering a financial transaction at the moment of the sale rather than when the money actually enters the bank account.
By using this strategy, the company is able to include all sales, both cash and credit, in that month's data, which provides a fuller view of the company's financial account situation. A journal entry called an adjusting journal entry is used to include accrued revenue in the financial accounts. Accrued revenue is deducted from an Accrual accounting by the accountant and then credited with the amount of collected income.
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Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of .90 and an expected return of 12.6 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Answer:
risk free rate= 6.55%
Explanation:
expected return= risk-free rate +Beta*(Market rate- risk-free rate )
Stock Y
16.3=Rf+1.45(Rm-Rf)
16.3=1.45Rm-0.45Rf
Rm=(16.3+0.45Rf)/1.45
Stock Z
12.6=Rf+0.9*(Rm-Rf)
12.6=0.9Rm+0.1Rf
12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf
risk free rate=(12.6-10.11724138)/(0.279310344+0.1)
risk free rate= 6.55%
longer maturity bonds have high price risk but low reinvestment risk, while higher coupon bonds have a higher level of reinvestment risk and a lower level of price risk. to account for the effects related to both a bond's maturity and coupon, many analysts focus on a measure called -select- , which is the weighted average of the time it takes to receive each of the bond's cash flows.
When evaluating the risk of a bond Price risk is the chance that rising interest rates will lower a bond's value.
Compared to bonds that will mature soon, this risk is greater for bonds with extended maturities. Reinvestment risk is the possibility that falling interest rates would result in lower income from a portfolio of bonds.
On callable bonds, this risk is undoubtedly considerable. It is also high for short-term bonds since there are fewer years before the comparatively high old-coupon bonds are replaced with new low-coupon issues the shorter the bond's maturity.
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Choose one of the scenarios below and write a three-paragraph essay describing
its effect on prices for food, housing, and oil. Remember that the future is always
uncertain, so there's no right answer. Make your best guess as to what might
happen in each case based on the economic concepts you've learned so far. Pay
particular attention to how consumer demand would change and how the event
would affect production costs and the business cycle. (30 points)
a. The president signs a free-trade agreement between the United States and
Brazil.
b. The Federal Reserve chairman says that the central bank will raise interest
rates.
c. The Environmental Protection Agency relaxes environmental rules on timber
production.
Since there is no clear-cut right or wrong response, it is best to choose the opposing side. In my opinion, investors have a net positive impact on the businesses they invest in. Investments inevitably lead to expansion and growth, which is always at least one of the key objectives of every successful business.
What is a free-trade agreement?According to international law, a free-trade agreement or treaty establishes a free-trade zone between collaborating governments. Bilateral and multilateral trade agreements are the two different sorts.FTAs are agreements between two or more countries that have as their goals the reduction or elimination of particular trade and investment barriers and the promotion of closer economic links between the parties. Today's famous example of free trade is the European Union. The member nations effectively operate as a single, borderless entity for trade purposes, and the majority of these nations' adoption of the euro makes things even simpler. Free trade agreements don't just reduce and eliminate tariffs, they also help address behind-the-border barriers that would otherwise impede the flow of goods and services; encourage investment; and improve the rules affecting such issues as intellectual property, e-commerce and government procurement.To know more about free-trade agreement refer to:
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Devon intends to set a very low price for one of his company’s products in hopes of driving the competition out of business. Devon is engaged in.
Devon is engaging in predatory pricing because he wants to establish very low rates for his business's items in order to force the competition out of business.
What is predatory pricing?
Predatory pricing is a term used to describe a pricing strategy where a person or corporation sets extremely cheap prices in an effort to outcompete their competitor. Customers would quit the competition and turn to the business with the cheap prices as a result of price reductions.
The business would then raise pricing once the competition was forced to close due to a lack of sales. Given that Devon intends to act in this manner, the pricing is predatory.
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if a bank has $10 million of checkable deposits, a required reserve ratio of 10 percent, and it holds $2 million in reserves, then what is the maximum deposit outflow it can support without taking any other action?
The required reserve ratio may be calculated via way of means of simply dividing the quantity of cash a financial institution is needed to preserve in reserve via way of means of the quantity of cash it has on deposit.
If a financial institution has $10 million in deposits and $500,000 are required to be held in reserve, then the required reserve ratio could be 1/20 or 5%. Fractional reserve banking is a gadget wherein best a fragment of financial institution deposits is subsidized via way of means of real coins available and to be had for withdrawal. This is done to theoretically make bigger the economic system via way of means of releasing capital for lending.
If the reserve requirement is 10%, the deposit multiplier approach that banks need to maintain 10% of all deposits in reserve, however they are able to create cash and stimulate financial hobby via way of means of lending out the alternative 90%. So, if a person deposits $100, the financial institution needs to maintain $10 in reserve however can lend out $90.
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What is TRUE about non-depository financial institutions?
A.
They do not offer other types of accounts, such as savings and checking accounts.
B.
Traditionally, they focused on providing loans and other money management services.
C.
They are all federally insured.
D.
They include commercial banks and credit unions.
The truth that can be said about the non depository institutions is that They include commercial banks and credit unions.
What are non-depository financial institutions?This is the term that is sued to refer to the financial institutions that are not known to accept deposits of any forms from the customers that they have/.
These are the types of institutions that are known to perform other forms of financial services to their customers. But when it comes to taking deposits they are not to function in such an aspect.
Hence we would say that the institutions are made up of the commercial banks and they also involve the credit unions.
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What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?.
Prior to making judgments, prescriptive analytics offers advice on potential outcomes, identifies the likely result of each choice, and measures the effect of upcoming choices.
In contrast to descriptive and predictive models, prescriptive analytics makes recommendations for one or more actions and forecasts the expected results of each choice. In order to provide guidance on prospective outcomes before decisions are taken, prescriptive analytics aims to quantify the influence of future decisions.
When BI cannot provide an answer, predictive analytics can. Predictive analytics offers better suggestions and more forward-looking responses. By utilizing multiple statistical and machine learning techniques, predictive analytics may estimate the chance of a future result.
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The chief operating officer of middleton community hospital is aware that the hospital’s medical staff and other employees are overworked but is unsure how to solve the situation. She seeks a proposal from a consultancy firm. What is the proposal most likely to provide?.
Hospital’s medical staff and other employees are overworked but unsure how to solve situation She seeks a proposal from a consultancy firm, a plan for achieving the desired change is the proposal most likely to provide.
a term from Middle English that first desirearound 1250–1300; origin at want, The words "wanting," "wishing," "longing," and "craving" are all used to describe states of desire. Commonly, wishes are linked to a wide range of traits. They are viewed as propositional attitudes toward feasibilities. Unlike beliefs, which seek to portray the world as it is, they seek to change it by illustrating how it ought to be. to achieving success, particularly in academic performance these days. to complete successfully; to achieving . Anything is possible if you set your mind to it.
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The project manager building a new underwater dolphin exhibit at city aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing.
The project manager who is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity is employing Program evaluation and review technique (PERT).
What is PERT?PERT refers to the timeline within which a project is expected to run. Often, project managers tend to use PERT charts to ensure that their projects run as agreed and within the agreed-upon timeframe. If they fail to use the PERT chart during the course of their jobs, then there is a high chance that they will not get the best results from the course of the project.
PERT charts help project managers to remain on track as they complete the core parts of the project. It also helps them to break big-sized projects or tasks into smaller bits that they can execute quickly and track faster. So, the answer to the prompt is Program evaluation and review technique (PERT).
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utilitariansm is described as a cost benefit analysis that is often used in making business decisions. john rawls wanted to add and incorporate a sense of justice to try to achieve fairness for all. his theory includes all the followiing except?
Utilitarianism says that the proper motion is the only that produces the pleasant effects overall, and cost-advantage analysis prescribes that amongst a hard and fast of possible alternatives, one must pick the opportunity that maximizes internet blessings or minimizes internet costs.
The required details for Utilitarianism in given paragraph
Utilitarianism is a idea of morality that advocates movements that foster happiness and oppose movements that reason disappointment. Utilitarianism promotes "the finest quantity of appropriate for the finest wide variety of people." utilitarianism is a own circle of relatives of normative moral theories that prescribe movements that maximize happiness and well being for all affected individuals.
Although distinct forms of utilitarianism admit distinct characterizations, the fundamental concept at the back of they all is, in a few sense, to maximize utility, that is regularly described in phrases of well being or associated concepts.
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which statement about simulators used in training is true? multiple choice they must have elements identical to those found in the work environment. they cannot be used when the risks of a mistake on a job are great. they are used for on-the-job training. they are inexpensive to develop. they do not need constant updating.
The Statement about simulators used in training is true They must have elements identical to those found in the work environment.
Which of the following is a work study training program that teaches job skills through a combination of on-the-job training and classroom instruction?Individuals can learn information and skills related to trades and crafts through apprenticeship, a special kind of voluntary training. Daily on-the-job education in manipulation skills is combined with sporadic classroom (related) instruction in technical topics pertinent to job requirements during training.
Which of the following is true regarding the benefits of staff training and development?Through training and development, businesses can attract and keep top people, boost morale and job satisfaction, boost productivity, and increase profits. Additionally, organizations with engaged, committed workers experience a 41 percent decline in absenteeism and a 17 percent increase in productivity.
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freda is speaking to a group of college students about investing. "it is the time to get an ira when you reach an aae of $30,000." a. this is effective because she will appear knowledgeable b. this is effective because these are terms used in that field. c. this is ineffective because of the principle of appropriateness to audience. d. this is ineffective because college students do not like acronyms.
Since Freda is speaking to a group of college students about investing. "It is the time to get an IRA when you reach an AAE of $30,000. this talk is option c: This is ineffective because of the principle of appropriateness to audience.
What is appropriateness of assessment methods?In regards to assessment techniques, a tool's appropriateness for the type of topic utilized as the learning target is determined by the assessment's appropriateness.
When considering language use, appropriateness is one of the first ideas a speaker needs to consider. When we say that a language is appropriate, we mean that it is appropriate or appropriate for the speaker, the listeners, the situation in which we are speaking, and the speech itself.
Hence, We must concentrate on the manner in which we communicate with strangers if we want successful conversation to happen, mostly In all situations.
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according to the fasb, how should banks decide whether to classify a given debt investment as trading, afs or htm? do you think banks use significant judgment in this classification decision? explain why or why not.
According to FASB, the bank's decision in the classification of a given debt as trading, AFS, or HTM is based on the intent of the company as to the length of time it will hold each investment.
The economic Accounting Requirements Board (FASB) is a personal standard-putting body whose primary purpose is to set up and improve typically prevalent Accounting ideas (GAAP) within the USA in the public's interest. The Securities and trade fee (SEC) is distinctive to the FASB as the business enterprise answerable for putting accounting standards for public organizations inside the US. The FASB changed the Yankee Institute of Certified Public Accountants (AICPA) Accounting principles Board (APB) on July 1, 1973. The FASB is run by means of the nonprofit economic Accounting foundation. FASB accounting requirements are generally as authoritative through many groups, including state boards of Accountancy and the Yankee Institute of CPAs (AICPA)
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use the following information to answer this question. windswept, incorporated 2022 income statement (in millions) net sales $ 9,900 cost of goods sold 7,650 depreciation 340 earnings before interest and taxes $ 1,910 interest paid 88 taxable income $ 1,822 taxes 547 net income $ 1,275 windswept, incorporated 2021 and 2022 balance sheets (in millions) 2021 2022 2021 2022 cash $ 310 $ 325 accounts payable $ 1,790 $ 1,615 accounts receivable 990 890 long-term debt 1,010 1,470 inventory 1,760 1,710 common stock 3,240 3,080 total $ 3,060 $ 2,925 retained earnings 530 780 net fixed assets 3,510 4,020 total assets $ 6,570 $ 6,945 total liabilities
The cash flow from the asset is 613.
Networking cap= current asset - current liabilities.
Ending net working cap = 2925 - 1615 = 1310.
Beginning net working cap = 3060 - 1270 =1270.
Changes in net working cap = 1310 - 1270 =40.
Cash flow = 1703-850-40 = 613.
Cash inflow is a measure of how important cash a business brought in or spent in total over a period of time. Cash inflow is generally broken down into cash inflow from operating conditioning, investing conditioning, and backing conditioning on the statement of cash overflows, a common fiscal statement.
Cash inflow from operations is comprised of expenditures made as part of the ordinary course of operations. exemplifications of these cash exoduses are payroll, the cost of goods vended, rent, and serviceability. Cash exoduses can vary mainly when business operations are largely seasonal. The three types of cash overflows are operating cash overflows, cash overflows from investments, and cash overflows from the backing.
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fragrance corporation has sales of $389,700 and costs of $413,210. the company has 120,000 shares outstanding. what is the price-sales ratio if the stock has a book value of $19.20 per share and stock price of $8.60? group of answer choices 2.65 1.89 2.23 2.48 2.39
Fragrance corporation has sales of $389,700 and costs of $413,210. the company has 120,000 shares outstanding. 2.65 is the price-sales ratio.
Price to Sales Ratio = (Total Outstanding shares* market Price)/Total revenue
=(120000*8.60)/389700
=2.648191
=2.65
Sales is a term used to explain the sports that cause the promoting of goods or offerings. businesses have sales corporations that are damaged up into distinctive teams. And these income teams are frequently decided based totally on the vicinity they are selling to, the product or service they may be selling, and the goal purchaser
A sale is a transaction between two or extra events in which items or services are exchanged for cash or different belongings. in the monetary markets, a sale is a settlement between a consumer and seller involving the charge of a security and its shipping for agreed-upon compensation.
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marvin formerly operated a lawn care company for 15 years. now, he has an abundance of underutilized resources, including industrial lawnmowers and weeding equipment. he decides to start a new business that rents out these resources for an hourly rate. this is an example of the
Business thar Marvin does is the example of the sharing economy.
The collaborative consumption or peer-to-peer-based sharing also known as sharing economy can be defined as a concept that highlights the ability and perhaps the preference of individuals to rent or borrow goods rather than buy and own them. The sharing economy also can be defined as a socio-economic system built around the sharing of resources in the capitalism. The socio-economic system often involves a way of services and purchasing goods that differs from the traditional business model of companies hiring employees to produce products to sell to consumers.
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suppose good x has a negative income elasticity of demand. this implies that good x is a. a normal good. b. a necessity. c. an inferior good. d. a luxury.
Suppose good x has a negative income elasticity of demand. this implies that good x is an inferior good.
A measure of a product's change in consumption in response to a change in price is called price elasticity of demand.If the price elasticity is infinite, then a good is perfectly elastic (if demand changes substantially even with minimal price change).A good is elastic if its price elasticity exceeds 1; it is inelastic if it is less than 1.A good is completely inelastic if its price elasticity equals zero (no price change, no matter how little, results in a change in demand).Unitary elasticity refers to price elasticity that is precisely 1 (a change in price causes a change in demand that is exactly the same proportion).Learn more about Price elasticity, here
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after a financial crisis hits the country of cinfuria, 55 million people become unemployed. if 2525 million individuals are lucky enough to keep their jobs, what is the unemployment rate? please specify your answer to two decimal places.
The unemployment rate from the entire labor force is 68%, to two decimal places.
Explanation:
The following formula is used to calculate the unemployment rate:
Unemployment rate is calculated as follows: 100 x (Total Labor Force x Number of Unemployed Workers).
where there are 55 million unemployed employees
Moreover, the overall labor force is
= 25 million+ 55 million
=80 million
the unemployment rate is therefore
equals (55 million) x (80 million) x 100
= 68.75%
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