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3 years ago

As the percentage of the consumer's income accounted for by a particular good decreases, demand for the good will:

1 answer:

7 0

So, let's look at the situation.
Let's say you earn 1000 Dollars. You typically spent 5% of it on pizza - 50 dollars.
but now this percentage will decrease - you will only spend 4 % - 40 dollars. So your budget for this food will be less - you will tend to buy less of this food. So the demand will also decrease.
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When depreciation is computed for partial periods under a decreasing charge depreciation method, it is necessary to a. charge a

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Answer:

The answer is letter B.

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3 years ago

Susan can pick 4 pounds of coffee in an hour or gather 2 pounds of nuts. tom can pick 2 pounds of coffee in an hour or gather 4

Kryger [21]

Answer: Total earning is $96 for both Susan and Tom

Explanation:

Susan can pick 4 pounds of coffee or 2 pounds of nuts.

Tom can pick 2 pounds of coffee or 4 pounds of nuts.

Price of Coffee = $2 per pound

Price of Nuts = $2 per pound

Opportunity cost of producing coffee for Susan = 2/4 = 0.5

Opportunity cost of producing coffee for Tom = 4/2 = 2

Opportunity cost of coffee is low for Susan, so she has a comparative advantage in it.

So, Susan produces 6*4 = 24 pounds of coffee, total revenue from sale of coffee is $24*2 = $48

Opportunity cost of producing Nuts for Susan = 4/2 = 2

Opportunity cost of producing Nuts for Tom = 2/4 = 0.5

Opportunity cost of coffee is low for Tom, so he has a comparative advantage in it.

So, Tom produces 6*4 = 24 pounds of nuts, total revenue from sale of nuts is $24*2 = $48

So, $total earning = $48+$48 = $96$

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3 years ago

Which two advantages do renters have that home buyers don’t have?

Ulleksa [173]

The two advantages are:

- Renters are not affected by changing property price

- Renters don’t have to pay for major repairs to the property

The housing department require the home owner to pay for major repairs that happen in the rented place (Such as broken roof or leaking gas). Not only that, the owner of the home is the one that would be financially damaged if the housing markets experience a crash.

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3 years ago

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3 years ago

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Answer:

The correct answer is letter "B": False.

Explanation:

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3 years ago