All categories

3 years ago

If consumers buy less of a commodity when their incomes rise, this commodity is .

1 answer:

6 0

The commodity is an inferior good.

An inferior good is one for which the quantity demanded decreases when the income of the consumer increases, or one for which the quantity demanded increases when the income of the consumer decreases. In contrast, a normal good is one for which the demand increases when the consumer's income increases.

You might be interested in

What is the concept that people may decide what and when they want to buy and sell called?

Dmitrij [34]

C. Voluntary Exchange

Voluntary exchange means buyers and sellers freely and willingly participating in marketplace transactions.

8 0

3 years ago

Read 2 more answers

Francine wants to become a school counselor. Which is the academic requirement for this career?

Zigmanuir [339]

The academic career to become a school counsellor can be either bachelor in Psychology, Education or any other related field. This is because of these academic tracks deals and interacts with people. School counsellors need to be open and ready to interact with students, teachers and parents.

6 0

3 years ago

Read 2 more answers

Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materia

Eduardwww [97]

Question:

standard total cost Actual total cost

Direct material

Standard 2000 pints $3.50/pint $7,000

Actual 2,500 pints $5.00/pint $12,000

Answer:

Materials quantity variance= $1,750 unfavorable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

pints

Standard quantity allowed 2,000

Actual quantity used 2,500

Quantity variance 500 unfavorable

Standard price $3.50

Materials quantity variance 1,750 unfavorable

Materials quantity variance= $1,750 unfavorable

8 0

3 years ago

The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e

dangina [55]

Answer:

The correct answer is letter "C": general duty clause.

Explanation:

The general duty clause is a statement imposed by the Occupational Safety and Health Act (OSHA) of 1970 by which employers commit to independently identify hazardous conditions at work to find ways to avoid them so employees' safety can be ensured. The OSHA provides a variety of informational and training material focused on health risks and safety.

8 0

3 years ago

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity.

Talja [164]

Answer:

PV = $4,863.24

Explanation:

Computation of the given data are as follows:

Face value = $5,000

YTM = 3.6%

YTM (Semiannual) (Rate) = 3.6% ÷ 2 = 1.8%

Coupon rate = 3.4%

Coupon rate semiannual = 3.4% ÷ 2 = 1.7%

Coupon payment ( Pmt) = 1.7% × $5,000 = $85

Time period (semiannual) (Nper) = 19 × 2 = 38

By putting the value in the financial calculator, we will get the present value.

Attachment is attached below.

PV = $4,863.24

8 0

3 years ago