For each of the following pairs of goods, which good would you expect to have more elastic demand and explain clearly why? (8 marks)
a. Coca-Cola or water
b. Required textbooks or fiction novels
c. Ice-cream or chocolate ice-cream’
d. Train ride during the next 6 months or train rides during the next 5 years
Answers: 3
Business, 21.06.2019 17:40
Which of the following is the least risky? collectables stock savings bond savings account
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Business, 22.06.2019 15:10
Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions
Answers: 3
Business, 22.06.2019 22:00
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
Answers: 3
Business, 22.06.2019 23:00
How an absolute advantage might affect a country's imports and exports?
Answers: 2
For each of the following pairs of goods, which good would you expect to have more elastic demand an...
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