Answer:
$27,273
Explanation:
Calculation for the new inventory layer at base-year retail price
Using this formula
New inventory layer at base-year retail prices=(Ending inventory at current-year retail prices/Current-year price index) - Beginning inventory at retail
Let plug in the formula
New inventory layer at base-year retail prices=($250,000/1.10) - $200,000
New inventory layer at base-year retail prices=
$227,273 - $200,000
New inventory layer at base-year retail prices=$27,273
Therefore During the current year, a new inventory layer at base-year retail prices was added in the amount of: $27,273
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Answer:
b. greater; normal
Explanation:
Income elasticity describes the response of the demand of a certain good to the change of the income of the consumers. If the elasticity of income is greater than zero (or is positive) , then we can categorize that particular good as a "normal good". This means that as the income of the consumers increases, the demand of that particular good increases as well.
The counter part of a normal good is called inferior good. They have a negative elasticity of income, which means as the income of consumers increases, the demand of that particular good decreases.
Answer:
c. can be identified only if it has been unsuccessfully challenged by competitors
Explanation:
Competitive advantage is a favorable attribute that a business possesses, making it outperform its competitors. Competitive advantage enables the company to utilize its resources efficiently, resulting in more customers and higher profits than rivals.
A firm will retain its competitive advantage if its competitors fail to replicate or match its favorable traits. Its position as the market leader will remain unchallenged until competitors develop attributes that can match its unique traits. In other words, a competitive advantage position remains relevant if competitors have challenged it unsuccessfully.
Answer:
racial discrimination I think
Explanation:
bc racial discrimination means discriminating against someone bc of their race