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Anna [14]
3 years ago
9

the income effect causes consumers to do which of the following? A. Demand a lesser quantity of goods as normal. B . Demand a gr

eater quantity of goods as normal. C. Demand the same quantity of goods as normal.
Business
1 answer:
Vlad [161]3 years ago
8 0

The income effect states that for normal goods, as income increases demand for the good will also increase.

It looks like the context of your question in incomplete so it is impossible to say which letter is correct without more information but you can apply the principal to easily find the answer.

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Which type of pay is similar to pay structures based on individual characteristics such as skill or knowledge but usually refers
Inessa05 [86]
Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
6 0
3 years ago
George studies in a private institution. Because he comes from a low-income family, his parents use educational certificates pro
zimovet [89]

Answer: d. SCHOOL VOUCHER

Explanation:

SCHOOL VOUCHER

A School voucher, which is also known as an education voucher is a certificate of funding given by the government for a student studying at a school of their parent's choice. It is usually valid for a term or semester and may even be used to pay for home schooling expenses.

A 2006 survey of members of American Economic Association showed that over two thirds of economists believe that giving the vouchers to parents with low incomes can make a great impact.

8 0
3 years ago
Suppose that the equilibrium price in the market for widgets is $5. If a law increased the minimum legal price for widgets to $6
dmitriy555 [2]

Answer:

c. might increase or decrease

Explanation:

Equilibrium price is the price at which quantity demanded equals quantity supplied in a competitive market.  

Producer surplus is the excess of revenue realized from the sales of the equilibrium quantity at a price higher than the equilibrium price.  

The producer surplus may increase or decrease. It may increase if the quantity demanded, do not decrease. It may decrease if the quantity demanded, decreases.

8 0
3 years ago
Abba, Inc. has developed the following standards for one of its products: Direct materials - 1/2 pound at $6.00 per pound Direct
Sergeu [11.5K]

Answer:

The answer is $11 per unit.

The standard cost card for this product would show a cost per unit of $11.

Explanation:

The workings are attached.

The formula used is as follows:

<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>

<u></u>

6 0
3 years ago
You have been working as an Assistant Manager at Mimi and Jasmine's (M&amp;J) warehouse. M&amp;J is an innovative cosmetics comp
irina1246 [14]

First of all, because there is no set manager, the owner probably does not know what the company is doing so, he will probably give it to you for a small price. After buying the company, you should first inquire about the employees (what can they do, what expirience etc.) After inquiring about the employees you need to promote the most expriienced and best employee as a manager. Because they have expirience, they will know who goes where.


I hope this helps.

7 0
3 years ago
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