4 years ago

When selecting artifacts for inclusion in your portfolio, it is important that they identify general knowledge and skills?

1 answer:

3 0

There are benefits to having a comprehensive portfolio, although you need to remember that the best way to present yourself is by tailoring it according to what you're pursuing.

Diversifying it as well, aside from being specific, will definitely help you stand out.

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Which of the following is not a factor of production?

vladimir1956 [14]

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4 years ago

When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to 10 a month and decrease

Oliga [24]

Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:

$\%I =\frac{\$4,000-\$2,000}{\frac{\$4,000+\$2,000}{2}}\\\%I=66.67\%$

Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

$\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%$

Alex's income elasticity of demand for bagels and donuts, respectively, is:

$E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33$

His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.

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4 years ago