Answer:
$96 per unit
Explanation:
The computation of the average price paid for the commodity is shown below:
Average price = Total cost ÷ Total number of units
where,
Total cost = Total number of units buyed × spot rate - hedge fund
where,
Hedge fund is
= 1,000 × 80% × ($110 - $90)
= $16,000
So, the total cost is
= 1,000 units × $112 - $16,000
= $96,000
Now the average price is
= $96,000 ÷ 1,000 units
= $96 per unit
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<h3>What is the role of technology?</h3>
The use of technology is one that has helped a lot of business professionals to be more and more efficient in their work output.
Therefore, I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity as it also helps to keep employee information safe.
Learn more about technology from
brainly.com/question/11265745
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Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
Answer:
Providing excellent customer service means going the extra mile in making sure a customer is happy and satisfied with a company's products or services. It also involves providing service to a customer in a timely, pleasant manner.
