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Trava [24]
3 years ago
6

Danita rescues dogs from her local animal shelter. when danita's income rises by 7 percent, her quantity demanded of dog biscuit

s increases by 12 percent. for danita, the income elasticity of demand for dog biscuits is:______. a. negative, and dog biscuits are an inferior good. b. negative, and dog biscuits are a normal good. c. positive, and dog biscuits are an inferior good. d. positive, and dog biscuits are a normal good.
Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer:

The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.

Explanation:

'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.  

'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.

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schepotkina [342]

Answer: $52,840

Explanation:

The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.

= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year

= 50,000 + (7% * 12,000) + (12,000 - 10,000)

= $52,840

7 0
2 years ago
By paraphrasing, an individual is:
natita [175]
By paraphrasing, an individual is:
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6 0
3 years ago
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Many online stream services allow customers to use their service of limited for 30 days. This strategy tries to increase the dif
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Answer:

trialability

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8 0
2 years ago
All of the following are categories of data that marketing researchers typically collect except for which one? a. Fears b. Behav
swat32

Answer:

The correct answer is A

Explanation:

Market research is the research which is a scientific study and it is performed in order to collect the important market information, enable the business to make the right decisions.

The collection of the data in the marketing research is defined as the detailed as well as informative procedure, in which the planned search for the all the relevant data that is made by the researcher.

So, the categories which are used for the data that  marketing researchers usually collect are behavior, attitudes and intentions.

3 0
3 years ago
On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente
lorasvet [3.4K]

Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

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= $324,000

Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>

4 0
3 years ago
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