A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the most elastic demand?

1. Sports car

2. Chemotherapy for cancer patients

Harold is the chief financial officer of a software company. He takes a loan on behalf of the company for one million dollars. The company has to pay an annual interest of 2.5 percent on the loan.

About fifteen years ago, the giant walmart corporation opened a store in germany. ten years later, it closed the entire chain there and pulled out of the country. its approach was to replicate-exactly - the stores found in the united states.

You will receive annual payments of $800 at the end of each year for 12 years. The first payment will be received in Year 3. What is the present value of these payments if the discount rate is 7 percent?

Tonya had the following items for last year: Salary $40,000 Short-term capital gain 12,000 Nonbusiness bad debt (23,000) Long-term capital gain 8,000 For the current year, Tonya had the following items: Salary $45,000 Long-term capital gain 5,000

Start-ups are usually

What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.

Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.

If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False

A variable cost remains constant per unit at various levels of activity. a. True b. False

A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures. a. True b. False