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alex41 [277]
3 years ago
7

Sally recently got a 15 percent raise. she now purchases 7.5 percent more steak dinners. sally's income elasticity for steak din

ners is
Business
1 answer:
QveST [7]3 years ago
7 0

The question has it that Sally recently got a 15 % raise, and that she now purchases 7.5 % more steak dinners. To calculate Sally's income elasticity for steak dinners, we would divide the percent change in quantity demanded by the percent change in income.


7.5 / 15 = 0.5


Sally's income elasticity for steak dinners is 0.5

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Answer:

Question 1:

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NPV = -initial outlay + cash flows

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Question 2:

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Answer:

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Read 2 more answers
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