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2 years ago

Pizza is a normal good. if students' incomes at your college increase, the effect on pizza will be:________

Business

1 answer:

erica [24]2 years ago

4 0

Answer:

Normal goods have a positive relationship with income & purchasing power parity (PPP) with an increase in income ( I ) consumption of normal goods also increased respectively.

So, with the increase in students' income consumption of Pizza will be increased

As normal goods have a positive income elasticity of demand coefficient but it will be less than one.

Explanation:

Let’s discuss the normal goods, as a decrease in the price of normal goods its consumption will boost or increase. As when normal goods become cheaper, they will be consumed much as we know that people will consume them because of the logical reasoning of cheaper than its substitutes. Likewise, with an increase in income, its consumption will also increase but at a stage where it will become inelastic or constant.

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Answer:

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Explanation:

The computation of the labor rate variance and labor efficiency variance is given below;

For Labor rate variance

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And, the Labor efficiency variance is

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= $3500 U

Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable

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3 years ago

4. What is one thing you can do to help remember a new business contact? Write

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Answer:

Explanation:

c:what type of business the person is in

that is the only logical answer lol

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3 years ago

A company receives payment from one of his customers on August 5 for service performed on July 21. Which of the following entrie

Anettt [7]

Answer:

b) cash 1000

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Explanation:

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4 years ago

•What are the five factors of production and how do they contribute to the creation of wealth?

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Two factors of production that seem to contribute the most to a nation's ability to create wealth are : Entrepreneurship and knowledge.
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3 years ago

Sheridan Inc. reported total assets of $6408000 and net income of $503000 for the current year. Sheridan determined that invento

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Solution:

Given,

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4 years ago