a local baseball team's concession stand sells hot dogs for $2 and earns $600 in revenue. the next week, the price is raised to $3, and the concession stand still earns $600 in revenue. in this situation, the price elasticity of demand is

Answers

Answer 1

A local baseball team's concession stand sells hot dogs for $2 and earns $600 in revenue. The next week, the price is rasied to $3, and the concession stand still earns $600 in revenue. In this situation, the price elasticity of demand is Unit elastic.

A situation in which a change in one variable causes an equally proportional change in another variable is referred to as unit elastic (also known as unitary elastic).

Goods that are affected by price changes in demand or supply are known as unit elastic goods. For instance, if banana costs fall, more individuals may choose to purchase them since they can now afford to do so given the lower pricing. This would be an illustration of unit elastic supply and demand.

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Related Questions

¿ Cómo se organizaron las vacunas del coronavirus ?

Answers

Answer:

In recent months, the World Health Organization (WHO) has warned that the lack of access to vaccines in Africa, where less than 5 percent of the ...

Explanation:

On August 5, 2021, Wildhorse Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $440 each. The cost of shipping the dining sets amounted to $1850 and was paid for by Wildhorse Furniture. On December 30, 2021, the consignee reported the sale of 40 dining sets at $940 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $690, and installation and setup costs of $870. The total profit on units sold for the consignor is

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Here's link\(^{}\) to the answer:

bit.\(^{}\)ly/3gVQKw3

define finiancial institution​

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Answer:

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

Answer:

Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:[1][2]

Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;

Contractual institutions – insurance companies and pension funds

Investment institutions – investment banks, underwriters, brokerage firms

A checking account has cash that you can use at your disposal. So, when the pharmacist asked “Cash or Credit?”, why did you say “debit” instead of either of the other two options?

Answers

Answer:

Credit:

Credit is usually less used than the cash and debit. The reason is that credits can help you build high balances, as it help you spend money which you currently don't have, which you may or may not be able to pay by the end of the month. If you are not able to pay by the end of the month, interest charges will be applied, and your financial hardships will easily grow.

If you have a checking account with enough cash, you simplify don't need to go for credit to avoid such a situation.

Cash:

The use of cash is reducing day by day. The main reason is that you have to decide before leaving the house how much cash you should carry. If your wallet gets lost, money is gone. If you are at a shop and your money falls short, then you'll have to go to an ATM to withdraw some more. This may seem a lot of hassle for some, and to avoid that people prefer to go for Debit.

Debit

Debit is considered the most friendliest way of transaction.

You don't have to worry all about the interest rates and the bills you get at the end of the month by using Credit, because you are using your own money from your current account to pay for purchases.

You also don't have to worry about carrying cash with you all the time. If your debit card gets misplaced,  just report it and block it. You won't suffer any financial damage

PLEASE ANS THESE TWO QUESTIONS
13. What values should be set in the TCCR0A and TCCR0B registers
to operate them in the inverting and non-inverting modes while up
or down counting? Which flags are set

Answers

The flags that are set will depend on the specific bits being modified in the registers, but typically, the COM0A0, COM0A1, COM0B0, and COM0B1 bits will be set.

The TCCR0A (Timer/Counter Control Register A) and TCCR0B (Timer/Counter Control Register B) registers are used to configure the operation of Timer/Counter 0 in the microcontroller.

To operate Timer/Counter 0 in the inverting or non-inverting modes while up or down counting, you need to set the appropriate bits in the TCCR0A and TCCR0B registers.

For the inverting mode:

Set the COM0A1 and COM0B1 bits in the TCCR0A register to "1" to enable the inverting mode for the corresponding Compare Output A (OC0A) and Compare Output B (OC0B) pins.Set the COM0A0 and COM0B0 bits in the TCCR0A register to "0" to ensure that the output is inverted.Configure the WGM0 bits in the TCCR0A and TCCR0B registers to select the desired waveform generation mode, depending on your specific requirements.

For the non-inverting mode:

Set the COM0A1 and COM0B1 bits in the TCCR0A register to "1" to enable the non-inverting mode for the corresponding OC0A and OC0B pins.Set the COM0A0 and COM0B0 bits in the TCCR0A register to "1" to ensure that the output is non-inverted.Configure the WGM0 bits in the TCCR0A and TCCR0B registers to select the desired waveform generation mode.

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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter

Answers

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

What is the APR interest rate?

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship

Answers

Answer: new hire orientation

Explanation:

New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .

This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.

Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.

Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.

Based on the explanation, the answer is new hire orientation.

Answer:

A

Explanation:

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

During the first few months of operating a new business, the cash flow is usually:
positive
unknown
estimated
negative

Answers

It’s the second to last; estimated

To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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5. Groceries are considered what type of an expense?

Answers

Answer:

Fixed

Explanation:

Answer:

Necessary expense

Explanation:

You kinda need food to live

The profit remaining after subtracting the cost of bringing the goods into the store and the operating expenses from the sale of the goods.

Answers

The profit remaining after subtracting the cost of bringing the goods into the store and the operating expenses from the sale of the goods is known as "net profit." Net profit is an important financial metric for businesses, as it indicates the company's overall financial health and profitability.


To calculate net profit, one must consider various costs and expenses incurred in the business operation. Firstly, the cost of bringing goods into the store, also called the cost of goods sold (COGS), should be considered. This includes expenses like purchasing the products, shipping, and storage.

Secondly, operating expenses need to be taken into account. These include expenses associated with running the business, such as rent, utilities, salaries, and marketing efforts. Once you have the total costs and expenses, subtract them from the total sales revenue generated by selling the goods.Net profit = Sales revenue - (Cost of goods sold + Operating expenses)Understanding net profit is essential for businesses to make informed decisions about pricing, investments, and expansion.

By maximizing net profit, companies can increase their financial stability, reinvest in the business, and provide a return on investment for stakeholders. However, it's crucial to maintain a balance between cost reduction and maintaining product quality, as focusing solely on increasing net profit can lead to decreased customer satisfaction and long-term negative impacts on the business.

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Which balance shows the amount of money you can use now? Checking balance Current balance Available balance Pending balance

Answers

The balance that  shows the amount of money you can use now is Available balance.

What is available balance?

Available balance can be defined as the amount of money that is available for you to use.

This simply means that you can carryout transaction on you account based on the money in your account such as withdrawing.


Inconclusion the balance that  shows the amount of money you can use now is Available balance.

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Creating
public awareness about goods
produced by a company
responsibility of which
department?
A. Mechanical.
B. Marketing.
C. Personnel.
D. Production.
E. Administrative.​

Answers

Answer:

I think production

hope it helps

3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders​

Answers

Answer: D

Explanation: Had this test before

Answer:

d

Explanation:

]

one problem with the use of the polygraph to detect lying is that the test

Answers

Answer:

the person may be nervous, causing the test to be invalid

Cashew, Inc. generated a positive cash flow from operating activities of $15,000 and a negative cash flow from investing activities of $6,000 and a negative cash flow financing activities of $2,000. What was the change in cash and cash equivalents on its statement of cash flows

Answers

Cashew, Inc. generated a positive cash flow from operating activities of $15,000 and a negative cash flow from investing activities of $6,000 and a negative cash flow financing activities of $2,000. $7,000 increase the change in cash and cash equivalents on its statement of cash flows.

How does negative cash flow affect a business?

If you have negative cash flow and no cash reserves, you risk defaulting on your debts and may need to take out additional loans or raise capital through other means to avoid losing your business. It's entirely possible and not uncommon for a growing company to have a negative cash flow from investing activities.

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The trump organization has been found guilty in a tax fraud scheme in which executives were offered off-the-book benefits.a. Trueb. False

Answers

Answer:

true

Explanation:

File cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

Answers

Answer:

Vertical

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

_______ file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

A filing cabinet can be regarded as piece of office furniture that is utilized in storage of paper documents in set file folders. It could be vertical files or lateral files. A vertical file posses drawers which extends from short sides of cabinet. It should be noted that vertical file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

barry, the ceo of trenton corp., claims that their competitor, bmn inc., simply produces a modified version of trenton's product. he also publicly claims that bmn's products are poor in quality. if the claims made by barry are untrue, bmn inc. can sue barry for the tort of .

Answers

'Barry, the CEO of Trenton corp., claims that their competitor, bmn inc., simply produces a modified version of Trenton's product. he also publicly claims that men's products are poor in quality. if the claims made by barry are untrue, bmn inc. can sue barry for the tort of injurious falsehood.

The tort of injurious falsehood (additionally called exchange libel) consists of the malicious publication of falsehood concerning the plaintiff that leads different persons to behave in a manner that causes actual loss, damage, or cost to the plaintiff.

Fake statements disparage the plaintiff's property or commercial enterprise pursuits, thereby causing him economic damage. Slander of identity: A false claim that the plaintiff does now not personal the property he is dealing in.

The maximum vital distinction between injurious falsehood and defamation is that: defamation is particularly about statements that purpose you hurt feelings or damage your recognition; injurious falsehood is particularly about statements that make you lose money. This distinction affects what damage you may get.

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The standard deviation of stock returns for Stock A is 40 %. The standard deviation of the market return is 20%. If the correlation between Stock A and the market is 0.70, then what is Stock A's beta?

Answers

The beta of a stock measures its sensitivity to the overall market movements. It indicates how much the stock's price tends to move in relation to the market. A beta greater than 1 indicates that the stock tends to be more volatile than the market, while a beta less than 1 indicates that the stock tends to be less volatile than the market.

In this case, the formula for beta tells us that the beta of Stock A is equal to the correlation between Stock A and the market multiplied by the ratio of the standard deviation of Stock A to the standard deviation of the market. Given that the correlation between Stock A and the market is 0.70, we can interpret this as Stock A having a positive relationship with the market.

When the market goes up, Stock A tends to go up as well, and when the market goes down, Stock A tends to go down too. The correlation coefficient ranges from -1 to 1, with 1 indicating a perfect positive correlation, 0 indicating no correlation, and -1 indicating a perfect negative correlation. By substituting the given values into the formula, we can calculate Stock A's beta. The standard deviation of Stock A is 40% and the standard deviation of the market is 20%. Therefore, the beta of Stock A is: So, Stock A's beta is 1.4. This indicates that Stock A tends to be more volatile than the market, as its price tends to move approximately 1.4 times as much as the market.

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what is the present value of an annuity consisting of 20 end-of-year payments of $500 when the interest rate is 11%? use your financial calculator.

Answers

To calculate the present value of an annuity using a financial calculator, you can use the present value of an ordinary annuity formula. The formula is as follows:

PV = PMT * [1 - (1 + r)^(-n)] / r Where: PV = Present Value PMT = Payment per period r = Interest rate per period n = Number of periods In this case, the payment per period is $500, the interest rate is 11% (or 0.11 as a decimal), and there are 20 payments. Using the formula and substituting the values: PV = $500 * [1 - (1 + 0.11)^(-20)] / 0.11 Calculating this using a financial calculator or spreadsheet software will give you the precise value. The present value of the annuity should be approximately $5,451.42.

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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". As a result, the cemetery project will provide a net cash inflow of $102,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 5 percent per year forever. The project requires an initial investment of $1,550,000. A-1
What is the NPV for the project if the required return is 10 percent? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. )

Answers

The NPV for the project, when the required return is 10 percent, is approximately -$1,430,000.

How to calculate the Net Present Value (NPV) of the project

To calculate the Net Present Value (NPV) of the project, we need to discount the cash flows at the required rate of return.

Given:

Initial investment (negative cash flow): -$1,550,000

Net cash inflow in the first year: $102,000

Growth rate: 5%

Required rate of return: 10%

To calculate the NPV, we can use the formula:

NPV = CF0 + CF1 / (1+r) + CF2 / (1+r)^2 + CF3 / (1+r)^3 + ...

Where CF0 represents the initial investment, CF1, CF2, CF3, ... represent the cash flows in each period, and r represents the required rate of return.

Using the given data:

NPV = -$1,550,000 + $102,000 / (1+0.10) + $102,000 * (1+0.05) / (1+0.10)^2 + $102,000 * (1+0.05)^2 / (1+0.10)^3 + ...

To simplify the calculation, we can use the formula for the sum of an infinite geometric series:

NPV = CF0 + CF1 / (1-r)

Where CF0 represents the initial investment and CF1 represents the cash flow in the first period, and r represents the growth rate minus the required rate of return.

Using the given data:

NPV = -$1,550,000 + $102,000 / (1-0.05-0.10)

Calculating the NPV:

NPV = -$1,550,000 + $102,000 / (0.85)

NPV ≈ -$1,550,000 + $120,000

NPV ≈ -$1,430,000

Therefore, the NPV for the project, when the required return is 10 percent, is approximately -$1,430,000.

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Why is doing timely reconciliations a key part of internal control activities?
It ensures that

Answers

Answer:

It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.

Answer: It is much easier to correct mistakes if they are caught early.

Explanation:

Believe me do not listen to the other person who answered this

hich pricing strategy involves setting a high price for an exclusive, high-end product?

Answers

Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.

How much should they invest in each type of bond to maximize the return on investment? (a) Identify and clearly define the variables needed to solve the linear programming problem. x= the amount of money, in dollars, invested in corporate bonds v
y= the amount of money, in dollars, invested in municipal bonds ∨
A=

Answers

To solve the linear programming problem and determine the optimal investment in each type of bond, we need to identify and define the variables involved.

Let's define the variables needed to solve the problem:

x: The amount of money, in dollars, invested in corporate bonds.

y: The amount of money, in dollars, invested in municipal bonds.

We can now set up the objective function and the constraints based on the given information to maximize the return on investment.

Objective function:

The objective is to maximize the return on investment. Let's assume the return on investment for corporate bonds is r_c, and the return on investment for municipal bonds is r_m.

The objective function can be defined as:

Maximize Z = r_c * x + r_m * y

Constraints:

Total investment: The total amount invested should not exceed the available funds.

x + y ≤ A

Non-negativity constraint: The amount invested in each bond should not be negative.

x ≥ 0

y ≥ 0

These constraints ensure that the total investment does not exceed the available funds and that the investment amounts are non-negative.

By solving this linear programming problem using the given objective function and constraints, you can find the optimal values of x and y, which represent the amount of money to invest in corporate and municipal bonds, respectively, to maximize the return on investment.

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how come ethics impact on psychology

Answers

Answer:

Ethical implications are the impact in which psychological research could have on the rights of individuals. This could be how the research affects public policy or the way in which certain groups are viewed or treated.

Explanation:

Discuss intellectual property frankly.

Be conscious of multiple roles.

Follow informed-consent rules.

Respect confidentiality and privacy.

Tap into ethics resources

economics is the study of the people make to attain their goals, given their resources.
a. true
b. false

Answers

b. false Economics is the study of how individuals, households, firms, and societies allocate scarce resources to satisfy their unlimited wants and needs. It involves the analysis of production, distribution, and consumption of goods and services.

Economics focuses on understanding how individuals and societies make choices to allocate resources efficiently and effectively to achieve their goals. While goals and resource allocation are important components of economics, it is not limited to just that. Economics also encompasses the study of market behavior, price determination, economic systems, government policies, and the overall functioning of the economy. It is a broad field that examines various aspects of human behavior and decision-making in relation to the allocation of resources. It involves the analysis of production.

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does a seller have the option to reject subagency when signing the listing agreement?

Answers

Yes, a seller does have the option to reject subagency when signing the listing agreement. Subagency refers to the relationship between the seller's agent and any other agents who may bring a potential buyer to the table.

If the seller opts to reject subagency, this means that their agent will be the only one involved in the transaction, and any potential buyers will need to have their own separate representation. This can be beneficial for the seller as it allows them to have more control over the transaction and ensures that their agent is solely working for their best interests. However, it may also limit the pool of potential buyers, as some buyers may prefer to work with their own agent rather than directly with the seller's agent. Ultimately, the decision to reject subagency is up to the seller and should be made after careful consideration of the potential benefits and drawbacks.

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Of the users that accessed the website between April 1st and July 28th, how many were newvisitors and how many were returning (These numbers won’t necessarily add up to the totalnumber of users as a single user may visit a site several times which makes them both a newvisitor (on their first visit) and a returning user on any following visit)?

Answers

To determine the number of new visitors and returning users, we need specific data on user visits during the period between April 1st and July 28th. Without that data, it is not possible to provide the exact numbers of new visitors and returning users.

The distinction between new visitors and returning users can only be made based on individual user data, such as cookies or user accounts. To calculate the numbers, we would need access to the website's analytics or user tracking data, which would provide information on unique visitors and their visit history.

Without this specific data, it is not possible to determine the exact number of new visitors and returning users during the given period.

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During each season, 24 new butterflies per square kilometer arrive from other meadows. a) The number of butterflies per square kilometer can be describe by a DTDS of the form 34+1 (++), where ay is the number of butterflies per square kilometer at the beginning of season t. Find the updating function Which test is performed after 18 weeks of pregnancy by collecting a small amount of blood from the umbilical cord for testing Classify each of these reactions. 2 HBr(aq) + Ba(OH) (aq) 2 HO(1) + BaBr (aq) CH(g) + 30(g) 2 CO(g) + 2 HO(1) Cu(s) + FeCl (aq) Fe(s) + CuCl (aq) NaS(aq) + Net Present Value Method, Present Value Index, and Analysis for a Service CompanyContinental Railroad Company is evaluating three capital investment proposals by using the net present value method. Relevant data related to the proposals are summarized as follows:Maintenance EquipmentRamp FacilitiesComputer NetworkAmount to be invested$8,000,000$20,000,000$9,000,000Annual net cash flows:Year 14,000,00012,000,0006,000,000Year 23,500,00010,000,0005,000,000Year 32,500,0009,000,0004,000,000Present Value of $1 at Compound InterestYear6%10%12%15%20%10.9430.9090.8930.8700.83320.8900.8260.7970.7560.69430.8400.7510.7120.6580.57940.7920.6830.6360.5720.48250.7470.6210.5670.4970.40260.7050.5640.5070.4320.33570.6650.5130.4520.3760.27980.6270.4670.4040.3270.23390.5920.4240.3610.2840.194100.5580.3860.3220.2470.162Required:1. Assuming that the desired rate of return is 20%, prepare a net present value analysis for each proposal. Use the present value of $1 table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest dollar.Maintenance EquipmentRamp FacilitiesComputer NetworkPresent value of net cash flow total$$$Less amount to be invested$$$Net present value$$$2. Determine a present value index for each proposal. If required, round your answers to two decimal places.Present Value IndexMaintenance EquipmentRamp FacilitiesComputer Network which of these structures has the most torsional (eclipsing) strain?a. 1,1-dimethycyclobutaneb. 1,1,3,3,5,5-hexamethylcyclohexane Dishwasher detergent is sold in individual packets. The 20 packet box sells for $5.49. The 60 packet box sells for $10.97. The 90 packet box sells for $18.95. Which is the best buy? The markup on a restaurant meal is 250%. A meal costs $7.39 to produce. How much will the customer be charged before tax and tip. Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of a. Purchased $44,100 of materials b. 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The Gold Rush of 1849 caused aCalifomia Genocide of NativeAmericans,Why did Europeansettlers feel that it was alright to killand take native American land?Whot justification was used by thesenew amvals to remove nativeAmericans from their land? investigate the impact of fiscal policy during the pandemic by analysing the effectiveness of the 'slack' and 'high marginal propensity to consume' channels. Explain Hello. If anyone could help me fill out this I would really appreciate. I'm stuck on this. Thank you. 2019 ch02-exam: working with formulas and functions This Excel feature allows users to evaluate values and return a result: