Phillippe invested $1,000 ten years ago and expected to have $1,800 today He has neither added nor withdrawn any money since his
1 answer:
You might be interested in
Answer:
The answer is "$5500".
Explanation:
Analysis Differential:
Make Buy
Cost of variable
Fixed- cost
Purchasing cost
Cost of opportunity
Total relevant cost
Increasing operating income
Answer: The answer is b -an increase in income will cause the demand curve of an inferior good to shift to the left.
Explanation: An inferior good is a good whose demand reduces as income increases. It's demand has an inverse or negative relationship with income. Therefore as the income of the individual increases, the demand for an inferior good reduces. On a graph, the reduction in demand is depicted by an inward shift of the demand curve or a shift of the demand curve to the left to show a reduction in demand. Income is one of the factors that leads to a shift in the demand curve. The income elasticity would be negative
