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IRINA_888 [86]
3 years ago
13

When​ Frank's income was​ $100 per​ week, 10 units of good A were demanded. Now his income is​ $150 per week and 12 units of goo

d A are demanded. Using the percentage change​ formula, the income elasticity of demand for good A equals ___.
a. 0.40
b. 0.45
c. 2.20
d. 2.50
Business
1 answer:
Darya [45]3 years ago
7 0

Answer:

a. 0.40  

Explanation:

e = % change in demand/% change in income

= (12 - 10)/10/(150 - 100)/100

= 0.40

Therefore, The income elasticity of demand for good A equals 0.04

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What do i put for salary desired on a job application? should i just ask for minimum wage? go a little higher? shoot really high
malfutka [58]
Typically want to go for minimum wage, maybe if you want you could ask for slightly higher but not too high. Asking too high can result in being turned down or a low ball offer for you, but in your situation go for minimum wage.
3 0
3 years ago
The number and characteristics of sellers and buyers are known as _____.
loris [4]

Answer:

The number and characteristics of sellers and buyers is called market structure.

Explanation:

hope it help

8 0
2 years ago
HELPPPPP
Rashid [163]

Answer:

Yes, that sounds about right

Explanation:

Till the age of retirement, a person's mostly expenses are finished, like growing his children, educate them, get them married, etc. He is left with only few expenses like running the house or meet his personal expenses. So the Social Security and some regular savings would be enough for him to lead a respectable life in the society. Also, his children are settled enough to fulfill his expenses at this point of his life. So there is no necessity to invest in a retirement plan that pays you 80% of your regular income. Social security and savings would be enough for the person.

4 0
2 years ago
g An investor has invested $600,000 in a new rental property. Her estimated annual costs are $16,000 and annual revenues are $48
Tamiku [17]

Answer:

5.09%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator.

Cash flow in year 0 = $-600,000

Cash flow each year from year 1 to 29 = $48,000 - $16,000 = $32,000

Cash flow in year 30 = $32,000 + $500,000 = $532,000

IRR = 5.09%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0
3 years ago
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn
Arturiano [62]

Answer and Explanation:

The computation is shown below:

1.

Direct Material Price Variance = Actual material cost - Actual Quantity × Standard Price

For Silver

= $13848 - 577 × 23

= $577 (U)

For Crystal

= $2926 - 7700 × 0.40

= $154 (F)

Direct Material Quantity Variance = (Actual Quantity - Standard Quantity) × Standard Price

For Silver

= (577 - 1530 × 0.40) × 23

= $805 (F)

For Crystal

= (7700 - 1530 × 5) × 0.40

= $20 (U)

2.

Direct Labor Rate Variance = Actual Cost - Actual Hours × Standard Rate

= $36915 - 3210 × 12

= $1605 (F)

And,

Direct Labor efficiency Variance = (Actual hours - Standard hours) × Standard Rate

= (3210 - 1530 × 2) × 12

= $1800 (U)

6 0
2 years ago
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