Smith likes cashews better than almonds and likes almonds better than walnuts. He likes pecans equally well as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
a. Pecans or walnuts?
b. Macadamia nuts or cashews?
In each of the following instances, determine whether supply is elastic, inelastic, or unit-elastic.
a. If price increases by 10 percent and quantity supplied increases by 15 percent, supply is
See the discussed the example before.
What is the compound interest on 58,00058,00058,000 invested at 1.25%1.25 \%1.25% for 180180180 days if it is compounded daily?
Companies assist with activities that benefit the civic, social, and cultural life of a community. Examples include partnerships with nonprofit organizations, such as Habitat for Humanity, or sponsorships of events like the Special Olympics. Research corporate Web sites, annual reports, magazines, or library resources to identify a company that uses institutional promotion. Present your findings to the class orally by describing the company and its sponsored activities that are examples of institutional promotion.
