Answer:
Inelastic
Explanation:
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic
1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59
2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4
3. Price Elasticity = 0.4/0.59 = 0.68
4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic
Answer:
Option A: Must be calculated on earned income as well as adjusted gross income in some cases
Explanation:
Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.
Earned income are simply wages, self-employment income, and eligible disability pay.
The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.
Answer:
The correct answer is A. Shopping and information agents
Explanation:
When a customer needs to acquire goods in the market, he needs the best information regarding those goods. That will allow you to optimize your purchases and act with good judgment.
If it is a minor purchase, the customer can do a market study. But when they are imported products, or when it comes to foreign trade operations, it is when it is more advisable to go to these professionals.
A purchasing agent acquires supplies and goods of all kinds for its customers, which can be individuals or companies. These clients need the goods to be able to develop their economic activity, but they are not aware of the market in a broad sense. That is why they resort to the figure of the purchasing agent, to do that work for him.
To carry out their functions, purchasing agents follow several steps:
- First they evaluate all the possible suppliers, investigating their degree of reliability and seriousness in the commercial relations.
- They contact them, negotiating quantities and prices, to get the best possible product, at the best price.
- Sometimes they request a sample of the product, to present it to the customer. This will determine if it suits your needs or not.
- Manage the entire purchase chain, solving any problems that may arise, until the final delivery of the product takes place
Answer:
17.76
Explanation:
Deaths due to poisoning: P = 25,200
Deaths due to falls: F = 21,400
The percentage difference between the number of deaths due to poisoning and deaths due to fall is given by:
The number of deaths due to poisoning is 17.76 percent greater than the number of deaths due to falls.
