Answer:
1) 19.23/Positive
2) Normal
Explanation:
In order to calculate the income elasticity of a product we will have to measure the percentage change in income and the percentage change in quantity purchased of that product cause by the change of income.
Percentage change income = (83,000-77,000)/77,000= 7.8%
Income increased by 7.8%.
Percentage change in purchase of movie downloads= (55-22)/22= 150%
So a 7.8% increase in income increases the purchases by 150%, in order to calculate the income elasticity we will divide 150 by 7.8
150/7.8=19.23
Income elasticity = 19.23
Because the income elasticity is positive we can infer that movie downloads are normal goods because the quantity purchased increases when income increases.
Answer: A. Goal B
Explanation: Goal B is to be accomplished first. This is because on a timeline, the events closest to the present are on the left, and the events that happen far in the future are on the right.
Answer:
<em>d. performance level of the hired applicants generated by the ad.</em>
Explanation:
<em>The best way to examine the effectiveness of an ad for applicants is to calculate the </em>performance level of the hired applicants generated by the ad.
<em>Because by the performance level of the hired applicants, we can easily judge how much effective the ad remains. </em>
If higher is the performance level then effectiveness will remain higher and if lower is the performance level then effectiveness will remain lower.
Answer: 0.32 times
Explanation: Return on assets can be defined as the ratio under which companies are evaluated on the basis of total amount of assets investment. It is a ratio that evaluates the profitability of a company, it shows the ability of a company to generate revenue from the assets invested in it.
It can be computed as following :-
= 0.32 times
