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Lady bird [3.3K]
4 years ago
7

Arista always spends 30 30 % of her income on purses. Assume that her income increases by some percentage while the price of pur

ses remains constant, and that all purses cost the same. What is her income elasticity of demand, EI, for purses? EI equals 0.5.0.75.1.0.
Business
1 answer:
seraphim [82]4 years ago
3 0

Answer:

Elasticity of demand = 1

Explanation:

In the given scenario, if there are any changes in the income of Arista, the percentage of spending is always constant. We can say that income elasticity of demand is always equal to 1  .

Another change in the Arista scenario is that the percentage change in demand is always equal to the percentage change in income.

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Answer:

Future Value= $10,000

N=13*2=26

YTM=4.7/2=2.35

PMT=0

PV=?

Enter these in a financial calculator

$5,466.59

Explanation:

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3 years ago
A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate th
iVinArrow [24]

Answer:

The correct answer is letter "C": feedback.

Explanation:

Feedback control refers to obtaining improvement suggestions typically by consumers or suppliers in a supply chain that allows companies to increase efficiency in their processes. It is useful at the moment of measuring customers' satisfaction with the goods or services provided and could determine the likelihood of those individuals acquiring again goods or services from the firm.

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3 years ago
An automotive company was looking to expand internationally and selected three possible countries in which to build a factory. A
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Answer:

The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

Explanation:

As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.

However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.

Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.

7 0
4 years ago
You learned in the lesson how the stock market influences the economy. Do you have to own stocks to be impacted personally by th
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8 0
3 years ago
When a single broker represents both parties in a real estate transaction, a _______ agency may exist.
Nataliya [291]

Answer:

Dual

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real estate transaction,which is used to convey ownership of a particular property to the buyer whereby there is a mutual agreement on some terms. The contract may be long it in shirt time.the end process is usually reffered to as “closing,” and this is a term that explains that both parties need to fulfill all terms and conditions that is associated with the exchange.

It should be noted that When a single broker represents both parties in a real estate transaction, a dual agency may exist.

7 0
3 years ago
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