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Sveta_85 [38]
3 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]3 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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PLEASE HELP ME PLEASE!!! WORTH 100 POINTS
tatiyna

Answer:

12*48=$576,000,000,000

Explanation:

12 times 48=$576,000,000

8 0
3 years ago
Read 2 more answers
Is insurance judgment rating based on
Savatey [412]

Answer:

A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.

3 0
3 years ago
Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged
garri49 [273]

Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.

Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.

To learn more about Portfolio Analysis here

brainly.com/question/28148314

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3 0
11 months ago
Green Garden Company purchased a tractor at a cost of $240,000. The tractor has an estimated residual value of $40,000 and an es
Nata [24]

Answer:

There is a loss on disposal of $10000 and option C is the correct answer.

Explanation:

The units of production method charges depreciation based on the activity level that the asset is used for during a period

The depreciation rate under this method is,

Depreciation per hour = (240000 - 40000) / 10000  =  $20 per hour

The depreciation for the Year 2015 and 2016 under the units of production method is,

2015 = 20 * 2400 = $48000

2016 = 20 * 2100 = $42000

The accumulated depreciation at the end of 2016 is = 48000 + 42000 = $90000

The carrying value at the end of 2016 is = 240000 - 90000 = $150000

The gain/loss on disposal = 140000 - 150000 = - $10000 or a loss of $10000

7 0
3 years ago
Culture, knowledge, brand equity, reputation, and trade secrets are all examples of: A. Factors that generate economies of scope
Dovator [93]

Answer:

B. Intangible resources

Explanation:

A resource refers to something capable of yielding current or future benefit to an individual or an organization.

Those resources which cannot be perceived or which do not have any physical substance, are referred to as intangible resources.

Intangible resources are valued based upon the expected future economic benefits that they yield.

Examples of intangible assets would be, copyrights, patents, trademarks, brand etc.

As per the given case, culture, knowledge, brand equity, reputation and trade secrets can all be classified as tangible resources since these cannot be felt or perceived, devoid of physical existence and would yield future economic benefits to the ones who possess them.

5 0
3 years ago
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