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Sveta_85 [38]
2 years ago
14

Chloe makes $500 per week and spends all her income on books and tea. Books cost $25 each, and Chloe buys 16 each week. Tea cost

s $5 per cup, and Chloe buys 20 cups. When Chloeâs income falls to $450 per week, she cuts her consumption of books by 3 books and purchases 5 more cups of tea. Based on these figures, indicate whether each of the following statements is true or false.
a. Books are an inferior good.

1. True
2. False

b. Tea is a necessity.

1. True
2. False

c. Books are a luxury good, and tea is an inferior good.

1. True
2. False
Business
1 answer:
Marat540 [252]2 years ago
8 0

Answer:

hi i reallly tried but dont want to give an answer that is wrong

plz forgive me

god bless u

Explanation:

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Billy told his boss, Gwen, that he is going to start training for the upcoming marathon to be healthier and to have more energy
Leokris [45]

Answer:

B. smart goal.

Explanation:

SMART goal -

The word SMART is the an acronym -

S = Specific ,

M =  Measurable ,

A = Achievable ,

R = Realistic ,

T = Timely .

These are the goals of any business organisation in order to motivate and direct the employees to do well and give new ideas or new resources for the success of the company .

It enables the people to focus and make efforts to achieve the goal and to make company successful .

In the similar way ,

Gwen is helping Billy to get SMART goals for the company .

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3 years ago
"You've been specially selected to win our grand prize. Contact us to collect it!" This is an example of a _____.
Setler79 [48]
The pitch....for a sales and marketing item or scam.
5 0
2 years ago
Read 2 more answers
your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch
Alika [10]

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

6 0
3 years ago
MicroTech Corporation maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budg
timama [110]

Answer:

weighted cost of capital for next year is 10.27 %.

Explanation:

Weighted cost of capital = Ke × (E/V) + Kd × (D/V)

Ke = Cost of Equity

    = Dividend Yield + Expected growth rate

    = $1.30 / $30.00 + 0.07

    = 0.11333 or 11.33 %

Kd = Cost of Debt

     = Interest × (1 - tax rate)

     = 11% × ( 1 - 0.21)

     = 8.69 %

Weighted cost of capital =  11.33 % × 60% + 8.69 % × 40%

                                         = 10.27 %

5 0
2 years ago
In the late 1970s Federal Reserve Chairman Paul Volcker contracted the money supply to reduce the rate of inflation. One result
xxTIMURxx [149]

Answer: to increase interest rates which reduced aggregate demand.

Explanation:

Since the money supply was contracted to reduce the rate of inflation, this will lead to increase interest rates which reduced aggregate demand.

In this case as a result of the increase in the interest rate, people will prefer to save their money in the banks and thus will result in less money in circulation which ultimately reduces the demand for goods and services.

8 0
2 years ago
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