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kotykmax [81]
3 years ago
10

Brady, who has ordinary-shaped indifference curves, buys 16 ounces of salt each year. Even when the price of salt doubles, Brady

continues to purchase exactly 16 ounces.
To help you answer this question, it may be helpful to use indifference curves and budget constraints to depict Brady's behavior graphically on a sheet of paper.

Which of the following statements is true?

a. Salt is an inferior good for Brady since the income effect is positive.
b. Salt is a normal good for Brady since the income effect is negative.
c. Salt is an inferior good for Brady since the income effect is positive.
d. Salt is a normal good for Brady since the income effect is positive.
Business
1 answer:
NNADVOKAT [17]3 years ago
5 0

Answer:

No option is correct, but I believe that one option was not copied appropriately since A and C are the same (although both are wrong).

The correct answer is Salt is an inferior good for Brady since the income effect is negative.

Explanation:

Brady's demand for salt is perfectly inelastic, in other words, his demand curve for salt is vertical since no matter the price, he always purchases the same amount.

Salt is an inferior good for Brady since the income effect is negative. He will continue to buy salt regardless of its price.

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Answer: Your team members should work together closely to write each section of the report.

                                             

Explanation: As per the given case, the initial investigation has already been done by the team.Thus, in the second phase they will need to gather different ideas and perspectives that should be implemented for achieving the goals.

Hence they should work closely so that more and more of ideas could be considered.

3 0
4 years ago
Consider the following three items: CQ, EI, and AP = PP + S – T. How might you to achieve improved outcomes for groups that have
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Answer:

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
  • making the group understand the organization's structure therefore it makes the group culturally intelligent

How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure

Explanation:

Note :

CQ = cultural intelligence

EI = emotional intelligence

AP = actual productivity

PP = potential productivity

S = synergy

T = performance threats

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
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How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure
5 0
3 years ago
On July 15, 2021, the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were
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Answer:

The journal entries are shown below:

Explanation:

The journal entries are shown below:

On July 15

Purchases (2,100 × $40)      $84,000

          To Accounts Payable    $84,000

(Being the purchase is recorded)

On July 23

Account payable $84,000

           To Purchase discount  $2,520   ($84,000 × 3%)

            To Cash $81,480

(Being the payment is recorded)

On August 15

Account payable $84,000

   To cash $84,000

(Being the payment is recorded)

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Assume that the nominal interest rate is 11 percent, the inflation rate is 8 percent, and government debt at the beginning of th
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The answer is C. You’re welcome
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Answer:

Cash borrowed = $120,000

Interest on promissory note = 10%

Explanation:

4 0
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