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3 years ago

Policy analysts can estimate the value of a human life through ____.

1 answer:

3 0

Policy analysts can estimate the value of a human life through contingent valuation methods. It is a method use to estimate the value of a good that is placed by a person. It involves asking people to report their willingness to pay or accept in order to have or give up a certain good. It is used to evaluate the economic values of all goods.

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Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo

kotykmax [81]

The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.

The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse.

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

Learn more about inferior goods here:
brainly.com/question/6039968

5 0

3 years ago

your experience indicates that offering a discount in your email increases responses by 75% year last email without a discount y

HACTEHA [7]

Answer:

<u>The number of responses if a discount is offered would be 33,250</u>

Explanation:

1. Let's review the information given to us to answer the question correctly:

Number of responses you had without offering discount = 19,000

Percentage of increase if you offer a discount = 75%

2. If you mail the same size list and offer discount how many responses would you expect?

Number of responses if a discount is offered = Number of responses you had without offering discount * (1 + 0.75)

Replacing with the real values, we have:

Number of responses if a discount is offered = 19,000 * 1.75

Number of responses if a discount is offered = 33,250

<u>The number of responses if a discount is offered would be 33,250</u>

3 0

3 years ago

Liquidity risk is defined as the risk of A. not being able to sell an investment conveniently and at a reasonable price. B. havi

Soloha48 [4]

Answer:

having declining price levels affect the reinvestment rate of your current income stream

3 0

3 years ago

Usually, price elasticities of supply areA) positive, because higher prices yield larger quantities supplied.B) considered short

Anna35 [415]

Answer:

A) Positive, because higher prices yield larger quantities supplied.

Explanation:

The correct answer to the question is A) Positive, because higher prices yield larger quantities supplied. The price elasticity of supply determines the change in price as a response to the change in supply of the good or service supplied. This is usually calculated in a figure that determines that if price increases what will be the impact on its supply, which usually is a positive figure.

3 0

3 years ago

An electronic firm invested $60,000 in a precision inspection device. It cost $4000 to operate and maintain in the first year an

Anon25 [30]

Answer:

$9,287.63

Explanation:

Data provided in the question:

Amount invested = $60,000

Operating cost for the first year = $4000

Operating and maintaining cost after 1 year = $3,000

Selling price = $60,000

Now,

Amount paid extra in the year 1 = $4,000 - $3,000

= $1,000

EUAC ($)

= $60,000 × A/P(10%, 4) + $3,000 + $1,000 × P/F(10%, 1) × A/P(10%, 4) - [ $60,000 × P/F(10%, 4) × A/P(10%, 4) ]

= [ $60,000 × 0.3155 + 3,000 + 1,000 × 0.9091 × 0.3155 ] - [ 60,000 × 0.6830 × 0.3155 ]

= [ $18,930 + $3,000 + $286.82 ] - [ $12,929.19 ]

= $9,287.63

5 0

3 years ago