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
Umnica [9.8K]
3 years ago
5

If macaroni and cheese is an inferior good, then an increase in ____

Business
1 answer:
Anvisha [2.4K]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.

If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.

You might be interested in
From 1980 to 1990, the consumer price index (CPI) increased from 74.4 to 128.7. If a gallon of apple juice cost $0.78 in 1980 an
ad-work [718]
(0.78*128.7)/74.4 =1.35
................
8 0
3 years ago
Read 2 more answers
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions.
Ilia_Sergeevich [38]

Answer:

1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>

<em />

Explanation:

In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.

<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>

In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.

<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>

this is 80% of $100,00 which is equal to <em>$80,000</em>

8 0
3 years ago
If equilibrium GDP is $250 billion less than the targeted level of GDP, and the Multiplier Model has an mpe of 0.75, then we can
Olegator [25]

Answer:

c. increasing; $62.5

Explanation:

The computation is shown below;

As we know that

Multiplier = 1 ÷ 1 - MPC

= 1 ÷ 1 - 0.75

= 1 ÷ 0.25

= 4

Now if the equilibrium GDP is $250 billion less than the expected level of GDP

So, the government spending would be increased by

= $250 billion ÷ 4

= $62.5

Hence, the correct option is c.

3 0
3 years ago
The credit balance in cash short and over at the end of an accounting period is reported as?
AVprozaik [17]

The credit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example income is an annual salary of $70,000.

Income is money received by an individual or business in return for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.

Learn more about income here:brainly.com/question/25745683

#SPJ4

7 0
1 year ago
Playwrights that have been quoted as serving as the initial director of their work are
Scorpion4ik [409]
Among the novelists, these are the those that served the initial director of their work: Samuel B<span>eckett, Bertolt Brecht, David Mamet, </span><span>George Bernard </span><span>Shaw</span>, Sam Shepard and the most famous novelist, William Shakespeare. After Shakespeare's time, playwrights are already considered as independent artists.
6 0
3 years ago
Other questions:
  • Brooke Company grants James Decorating additional time to pay its past-due account. James makes a written promise to pay Brooke
    6·2 answers
  • A $10,000 8 percent coupon bond that sells for $10,000 has a yield to maturity of
    15·1 answer
  • Now suppose firm x undertakes a process innovation that reduces its marginal cost of production from $20 to $15. the fixed cost
    5·1 answer
  • NEED ANSWER ASAP
    14·1 answer
  • Place the following steps for a personal financial plan in the proper order: 1. Review and revise the financial plan 2. Identify
    10·1 answer
  • What were the Mercantilists’ views on trade
    14·1 answer
  • Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and
    7·1 answer
  • Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita
    7·1 answer
  • What distinguishes a product/service from the competition ?
    14·1 answer
  • Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet spe
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!