Suppose an increase in the price of hamburger from $3 to $4 leads to an increase in quantity supplied from 100 units to 150 units. At the original
price, the price elasticity of supply for hamburger is _ so supply is _
Select one:
O
a. 2/3; elastic
b. 1.4; elastic
C. 2/3; inelastic
d. 1.4; inelastic

Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to