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Vinvika [58]
3 years ago
8

Suppose good x has a negative income elasticity of demand. This implies that good x is

Business
1 answer:
zloy xaker [14]3 years ago
6 0

An <u>inferior good.</u>

<u></u>

For inferior goods, when income rises demand falls.

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2. It is the intentional planting of trees or shrubs that are grown for food
Sveta_85 [38]

Answer:

A.

Explanation:

An orchard can be described as a tree garden where plants are sown intentionally. The term 'orchard' is derived from an Old English word 'orceard', meaning 'fruit garden.'

Orchards is a fruit farm where trees or shrubs are intentionally sown with the purpose of food production. Some examples include apple orchards, orange orchards, etc.

Therefore, option A is the correct answer.

5 0
3 years ago
You are considering investing in a security that will pay you $80 in interest at the end of each of the next 10 years. If this s
elena55 [62]

Answer:

the internal rate of return is 6%

Explanation:

The computation of the irr is shown below

Given that

Initial investment = $588.81

And yearly cash flows for the next 10 years is $80

Now for determining the internal rate of return we have to apply the formula

= IRR()

After applying the internal rate of return formula, the internal rate of return is 6%

Hence, the internal rate of return is 6%

7 0
3 years ago
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.9 mil
goblinko [34]

Answer:

Total no. of people employed:

= No. of people working part-time + No. of people working full time

= 4.9 million + 14.53 million

= 19.43 million

Total no. of people unemployed:

= People in the working age population who are not working and have looked for work in the past four weeks

= 2.90 + 1.72 million

= 4.62 million

Labor force = Total no. of people employed + Total no. of people unemployed

= 19.43 million + 4.62 million

= 24.05 million

Labor force participation rate:

=\frac{Labor\ force}{Total\ non-institutionalized\ working\ age\ population}

=\frac{24.05}{35.9}

= 0.6699

= 66.99%

Unemployment rate:

=\frac{No. of people unemployed}{Total labor force}

=\frac{4.62}{24.05}

      = 0.1920

      = 19.20%

5 0
3 years ago
A seller did not submit testing information required in the contract to the buyer, and the project manager did not notice it was
rusak2 [61]

Answer:

Since the testing information is a requirement of the contract, the buyer has the right to request for it accordingly and the seller should not refuse unless fraud is implied.  The contract does not specify when a waiver of the right to the testing information should become effective.

The court of law should decide in favor of the buyer's right to receive the testing information from the seller.

Explanation:

Contract terms are agreements and promises that must be followed because they are made for consideration to be given and received.  If a contract for the sale of goods includes the submission of some information, this later requirement forms part of the contract and exchange of promises for consideration, and they must be respected and fulfilled, unless there is additional agreement specifying some deadline within which the right to such testing information is waived.

7 0
2 years ago
Zach attended Champion University during 2014-2018. He lived at home and was claimed by his parents as a deduction during the en
cupoosta [38]

Answer:

The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125

Explanation:

The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125

The amount of student loan interest can Zach and his spouse deduct in 2017 is

Education Expenses:

= $15,000 Incurred Expenses - $3,750 Scholarship

= $11,250

$11,250 / $15,000 = 75%

Interest Incurred:

= $950 Federal Loan Interest + $550 Lending Loan Interest

= $1, 500

$1,700 x 90% = $1,125

3 0
3 years ago
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