1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which of these items is a tax deduction?. a)cash awards. b)interest from bonds. c)interest on a home mortgage
wolverine [178]
C)interest on a home mortgage
5 0
3 years ago
If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can
Ivan

Answer:

D)3 points

Explanation:

When children are involved, seatbelt tickets may mean points.

You won't typically get points if cited for failing to wear your seatbelt, but in New York, if you are ticketed for having a child in the car under age 16 without a seatbelt, the violation adds 3 points to your driving record. A seatbelt ticket will raise your rates by an average of three percent

4 0
3 years ago
You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, how mu
Ostrovityanka [42]
To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
                                  ($600) x (0.02) = $12
Hence, your $600 will increase the amount of money in the economy by $12. 
3 0
3 years ago
A 10-year maturity zero-coupon bond selling at a yield to maturity of 7.25% (effective annual yield) has convexity of 157.5 and
TiliK225 [7]

Answer:

For Zero coupon: 545.52

Explanation:

Check attachment

7 0
3 years ago
Read 2 more answers
Use the following balance sheet data for the First National Bank to answer the next question. Assets Liabilities Net Worth Reser
DiKsa [7]

Answer:

Reserves & Checkable deposits will equal to $36,000 and $106,000

Explanation:

The amount of checkable deposits is given $120,000 on the liabilities side. So, the withdrawal and clearance of check worth $14,000 will lead to a decline in the number of checkable deposits by $14,000. As a result, the remaining amount of checkable deposits will equal to $106,000 ($120,000 - $14,000).

To maintain the balance on asset & liabilities side of the balance sheet, the asset side will also reduce by $14,000. $14,000 will be deducted from the reserves of the bank. As a result, the remaining amount of reserves is equal to $36,000 ($50,000 - $14,000).

7 0
3 years ago
Other questions:
  • Becky purchases one percent of Lakeside Ventures' (LV) preferred shares of stock in a private offering. Outside of the purchase,
    14·1 answer
  • Monopolistic competition is characterized by excess capacity because: firms are always profitable in the long run firms charge a
    12·1 answer
  • Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue
    12·1 answer
  • Havermill Co. establishes a $300 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
    9·1 answer
  • Oriole Company purchased for $8,767,800 a mine that is estimated to have 48,710,000 tons of ore and no salvage value. In the fir
    8·1 answer
  • An organization's job structure consists of relative pay for different functions and different levels of responsibility.
    6·1 answer
  • On June 30, 2018, the Esquire Company sold some merchandise to a customer for $48,000. In payment, Esquire agreed to accept a 9%
    15·1 answer
  • How does the price range affect the elasticity of demand for a product?
    8·1 answer
  • Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.
    5·1 answer
  • Anyone here earn money from brainly and how <br> please guide me
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!