Answer:
a. positive, so Joan considers hamburger to be an inferior good.
Explanation:
Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P
The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.
▲ Q = (60 -50/60) = 0,16
▲ Q = (40.000 - 30.000/40.000) = 0,25
Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64
Therefore, the elasticity is positive.
This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.
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Answer: C. 1200 hour
Explanation:
It is indeed 1200 hours because the units produced increased by 20% and therefore, theoretically, so should the time.
1. Memorable
Dissection is an interesting approach to take when teaching science. For one, it creates a long-lasting impression on the students’ minds. Most people can remember what they did in the lab yesterday easily than some theory they have just gone through. So it is easy to recall an activity that you have engaged in that is why dissecting in equally important as the theory aspect of the lesson.
2. Proper understanding
Another obvious reason why dissection is important is because it is a hands-on activity which provides a chance for students to carry out investigations aside from what they learn in class. They are able to test how truthful their theory is while comparing it to what they see while carrying out the dissection.
3. Tactile experienceThere are rules on how dissection is carried out and these are among the many things that students are taught about before they begin any dissections. There are also certain tools which are needed for dissection and which tools differ from one creature to another. Armed with this information and proper guidance and practice, students are able to acquire proper dissection skills which will no doubt be useful in higher level science lab classes
Answer: His cost deduction would be $3,200
Explanation:
Without the mid-quarter convention Muhammad’s 2019 MACRS deduction would be $3,200 ($16,000 x .20). The mid-quarter convention slows down the taxpayers available cost recovery deduction.
