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Oliga [24]
3 years ago
12

Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided ___________.

Business
1 answer:
Natali [406]3 years ago
4 0
Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided <span>little incentive for them to join together to meet shared goals.
Since these colonies were so different, they didn't have any common cause or a reason to band together so as to achieve such common goals. 
</span>
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Andrina always spends 30 % of her income on thingamabobs. Assume that her income increases by some percentage while the price of
Leni [432]

Answer

<em>What is Income Elasticity of Demand? </em>

Income elasticity of demand is the ratio of percentage change in quantity of a product demanded to percentage change in the income level of consumer. It is a measure of responsiveness of quantity demanded to changes in consumers income.

Income elasticity of demand indicates whether a product is <em>a</em> <em>normal good or an inferior good.</em> When the quantity demanded of a product increases with an increase in the level of income and decreases with decrease in level of income, we get a positive value for income elasticity of demand. A positive income elasticity of demand stands for a normal (or superior) good. When the quantity demanded of a product or service decreases in response to an increase and increases in response to decrease in the income level, the income elasticity of demand is negative and the product is an inferior good.

Formula

Income Elasticity of Demand Ei%\ Change in Quantity Demanded%\ Change in Consumers Income

Percentages are calculated using the mid-point formula, i.e. by dividing the change in quantity by average of initial and final quantities, and change in income by the average of initial and final values of income. Therefore:

Income Elasticity of Demand - Ei = Qf - Qi ÷ Qf + Qi ÷ 2  ÷ If - Ii / If + Ii ÷2

Income Elasticity of Demand - Ei = % Change in Quantity Demanded ÷ % change in consumer Income

<em>Where:</em>

Qf - is the final initial quantities demanded of the product,

Qi - is initial quantities demanded of the product,

If -  is the final incomes of consumer

Ii - is the initial incomes of consumer.

∴

Question

What is her income elasticity of demand for thingamabobs?

Solution:

From the Problem, it can be deduced that -

Qf   -  assume it to be 60 since it is not given

Qi  -  assume it to be 50 thingamabobs?

If -  assume it to be 40% since it is not given

Ii -  30%

Assume the % increase in Income to be                  

∴

Ei = 60 -50/ 60 + 50 ÷ 2  ÷  40 - 30 / 40 + 30 ÷ 2    

Ei = 10/110 /2  ÷ 10/70 ÷ 2

Ei = 10/11 X 70/10 ÷ 2

Ei = 10/55 x 14

Ei = 28/11 = 0.73%    

Therefore the Income elasticity of demand for Adrina is 0.73 %

5 0
3 years ago
When a commercial for men's razor blades demonstrate how the blades work to create the closest shave, the brand is using a _____
Ivenika [448]

Answer:

a) Informational

Explanation:

The company is using informational appeal in its advertisement to convince the buyers that they need the product and shows how it works. . This type of appeal informs customers of the features, quality and benefits of a product. The demonstration of how the blades work helps the potential customers to make a rational decision as it it portrays that the blades' function of the providing the closest shave is what they need.

4 0
3 years ago
When components for a dell laptop computer are produced by a u.s. supplier, this is an example of?
IrinaK [193]

When components for a dell laptop computer are produced by a u.s. supplier, this is an example of onshoring.

A supplier is someone or enterprise that provides a product or service to any other entity. The role of a supplier in an enterprise is to offer products from a manufacturer at an awesome rate to a distributor or store for resale.

In an enterprise, a supplier is someone or an entity that provides top-notch offerings and goods from manufacturers at reasonable costs to shops or distributors for sale. They offer deliverables in the form of raw materials, which the producers later system into market-equipped stop products.

Providers are often known as the first hyperlink in a supply chain, present strictly in a B2B relationship. With the aid of comparison, a seller is a business or man or woman who purchases merchandise from a corporation, then sells them to a person else.

Learn more about suppliers here brainly.com/question/25922327

#SPJ4

8 0
1 year ago
A ______ is a firm that produces the entire market supply of a particular good or service
shutvik [7]

the answer to ur question is industry


4 0
3 years ago
Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 3030​% coupon for the​ in-store purchase. T
slava [35]

Answer:

It is better online, for 1.1 dollars

Explanation:

Do you understand all the words used in stating the problem?

Yes.

What are you asked to find or show?

The differnece in price bewtween the store T-shirt and the On-line T-shirt

Can you restate the problem in your own words?

Nathan can purchase a Tshirt by $38 with 30% discount or $34 with 25% discount. Which is the cheapest option?

Is there enough information to enable you to find a solution?

Yes, we have the list price for both T-shirt and the discount on each one.

<u>Devise a plan:</u>

<u>Use a formula</u>

list price less discount = net cost

<u>We will calculate the net cost for the T-shirt</u>

<em>in-store purchase scenario</em>

$38 - 30% coupon = 26.6 dollars

<em>on-line purchase scenario</em>

$34 - 25% off = 25,5‬ dollars

<u>The difference will be:</u>

$26.6 - $25.5 = 1.1 dollar in favor of the online purchase

4 0
3 years ago
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