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3 years ago

What is the purpose of the truth in lending act?

Business

2 answers:

Natali5045456 [20]3 years ago

8 0

B) to keep consumers informed of credit agreements

Softa [21]3 years ago

7 0

b is the answer for you

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Due to a downturn the wage of entry level workers has declined by 10 per cent, as a

lilavasa [31]

The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.

The scale effect dominates in this example.

If the wage of the entry level workers increase, the demand curve would shift to the right.

<h3>What is the crosss price elasticity?</h3>

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = 15% / 10 = 1.5

Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.

<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>

If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.

To learn more about cross price elasticity, please check: brainly.com/question/26054575

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2 years ago

What factors underlay the decision by Volkswagen to invest directly in automobile production in Russia? Why was FDI preferable t

viktelen [127]

Answer: Volkswagen invested in Russia because Russia’s economy was growing rapidly and living standards were rising while the level of car ownership was still low. This made Volkswagen believe that the demand for cars would grow quickly.

FDI was preferable because Volkswagen’s competitors were also investing in production facilities in Russia, so they felt that they needed to invest directly to be on the same levels as their rivals.

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3 years ago

The state of Indiana charges a 6% sales tax on most consumer goods. Grant purchased a generator for $400 and paid an additional

faltersainse [42]

Answer:

the correct answer is

The $400 retail price of the generator.

good luck

8 0

3 years ago

If the maker of a note does not pay at maturity, __________.

ira [324]

The maker. Hope this helps. :)

3 0

3 years ago

Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginni

Fofino [41]

Answer:

Selling price for Job C $93,300

Selling price for Job M $78,204

Explanation:

The computation of the selling prices for Job C and for Job M is given below:

But before that following calculations need to be done

Departmental overhead rates:

Molding 6.50 (2.5 + (36000 ÷ 9000))

Customizing 6.70 (3 + (13320 ÷ 3600)

Particulars Job C Job M

Direct materials $16,700 $9,900

Direct labor cost $23,400 $10,300

Overhead applied:

Molding $17,550 $40,950

(2700 × 6.50) (6300 × 6.50)

Customizing $20,100 $4,020

(3000 × 6.70) (600 × 6.70)

Total manufacturing cost $77,750 $65,170

Add: Markup at 20% $15,550 $13,034

Selling price $93,300 $78,204

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2 years ago