Answer:
A. slopes upward for normal goods and downward for inferior goods.
Explanation:
In the case of Engle curve it plots the relationship between income and demand for a good.
In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false
So it sloped upward for the normal goods and slop downwards for the inferior goods
Answer:
$380
Explanation:
Ziva's total cost of farming is composed of two different costs: explicit and implicit costs.
Explicit cost is an out-of-pocket cost that a person incurs to carry out a particular business activity. It is sort of, a business-related expense for which the business pays. In Ziva's case, it is $130, the cost of the seeds
Implicit costs are opportunity costs. An opportunity cost refers the benefits an individual, investor or business misses out on when opting for one alternative in preference of another. In our case, it amounts to $250($25*10 hours)
Thus, Ziva's cost of farming
= $130 +( $25*10) = $130 +$250 = $380
The reason that the environmental optimist are not to be
concerned with the depletion of natural resources is because of technological
innovation in which they believe that this allows or has the capability of
developing synthetic materials in which can replace the natural resources that
are depleted.
Answer: Option C
Explanation: Manufactured dwelling implies a trailer, a camper van or perhaps an engineered residence. It relates to a formation, portable in one or maybe more parts, that is built on a continuous frame and, when linked to the necessary services, is intended to be used even without a perpetual structure.
In simple words, Manufactured accommodation (usually referred to as U.S. mobile homes) is a form of precast concrete accommodation that is primarily constructed in manufacturing plants and then transferred to use locations. Thus, from the above we can conclude that the correct option is C.
Answer: Tentacle's total fixed costs are: $65400.
Explanation: The fixed components of the information provided by Tentacle Television Antenna Company are:
-Janitor's salary $4000
-Property taxes $15000
-Equipment depreciation (straight-line) $22000
-Factory insurance $14000
-Factory manager's salary $10400
So: 4000 + 15000+ 22000 + 14000 + 10400 = <u>$65400.</u>
