Answer:
b. the purchasing power of their income is reduced.
Explanation:
Income effect is defined as the change in demand of a product that is a result of change in purchasing power of an individual, there are changes in real income.
When there is price increase the number of goods an individual's income can buy is reduced, so his purchasing power reduces. He will demand less of the good.
When there is a reduction in price purchasing power increases and customer can demand for more of the good.
In this scenario the increase in price of automobiles results in reduction in purchasing power, and reduction in amount demanded.
Answer:
1. Depletion for 2021 will be derived if the "tons which were extracted and sold immediately" is divided by "the Depletion per ton"
Depletion for 2021 = Extracted and sold tons in 2021 / depletion per ton
Depletion for 2021 = 249,000 tons * $5 per tons
Depletion for 2021 = $1,245,000
Where as the depletion per ton is be derived when the purchase price plus additional costs necessary is divided extract of tons of coals during the 4 year period.
Depletion per ton = $4,950,000 / 990000
Depletion per ton = $5 per ton
2. Depletion is not considered as part of product cost. It is shown as expense on income statement and reduced from the value of natural resource. So it is equivalent to depreciation of assets.
A NUB (what else would it be)
Pls call me brainliest
A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled
Answer:40,000+3650=43650 income
Explanation:
