What percentage has the real price fallen

Assignment Help Business Economics
Reference no: EM13735525

Over the past year the inflation has been 10%. The price of a used Ford SUV has fallen from $6,000 to $5,000, or 16.6%. By what percentage has the real price fallen?

Reference no: EM13735525

Questions Cloud

Accumulated large amounts of savings : When the Federal Republic of Germany (West Germany) absorbed the German Democratic Republic (East Germany) in 1990, residents of East Germany had accumulated large amounts of savings. Papers in the United States explored why East Germans saved so muc..
Identify the consequences on the firm and the individual : Identify the consequences on the firm and the individual and What is the misconduct surrounding the unethical incidences in the contracts
Needs of culturally diverse employees : A large chain of beauty salons hire you as a consultant. The organization's management team faces a unique problem. About 1 percent of the employees have speech, hearing, visual, physical, or mental disabilities.
Assume that the price elasticity of demand : Assume that the price elasticity of demand is -2 for a certain firm's product. if the firm raises price so, the firm managers can expect total revenue to: A/ decrease B/ increase C/ remain constant D/ either increase or remain constant depending upon..
What percentage has the real price fallen : Over the past year the inflation has been 10%. The price of a used Ford SUV has fallen from $6,000 to $5,000, or 16.6%. By what percentage has the real price fallen?
Do civil rights apply to us companies : You are a business consultant to the National Minority Supplier Development Council. An international petroleum products distribution company, based in the U.S., consults with you on cultural diversity matters.
Explain potential risks of foreign market expansion : Determine at least three (3) potential risks of foreign market expansion into the country that you have chosen (e.g., language barriers, regulatory, taxation, expropriation, etc.)
Budget lines for food and shelter as directed. : Draw 4 budget lines for food and shelter as directed. The consumer has $500 income, faces an absolute price for shelter of 10, and a budget line slope of -5. (Shelter is on the horizontal axis.)
Implementation-strategic controls and contingency plans : Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback Complete a strategic plan for your organization of no more than 1,500 words.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd