Answer: D. Car
Explanation:
The full options for this question includes a fourth option which is option D for Car.
Should this be the case then a car would present the largest income effect if there was a price change.
Goods that are more expensive will present larger income effects because a price change would affect their prices more and make them even more expensive which means that they would be taking more from income and in so doing causing a larger income effect.
(if there is no fourth option for car, use tablet computer instead).
Answer:
Outsourcing is a cost reduction practice where Company A contracts Company B or another party to carry out services or produce goods that Company A used to produce for itself.
It is done when paying Company B to perform the services, is cheaper than performing it themselves which would enable Company A to cut down on costs.
For example, it costs Company A $5 per customer service call if they do it themselves but it would cost $3 per call if they let Company B handle it. Outsourcing is where they pay Company B that $3 to handle the calls and save $2.
Answer:
Please see explanation below
Explanation:
Interest revenue to be recorded on March 10 .
Interest rate = 2% per month
Unpaid balance as of February 12 = $900
Interest revenue = $900 x 2% = $18
The journal entry to be prepared on March 10 :
Date Account Titles and Explanation Debit Credit
Mar. 10 Accounts Receivable $18(Debit)
Interest Revenue $18(Credit)
The correct answer is 2.4.
The simplest way to define elasticity of demand is by using the following formula:
Elasticity of Demand = Change in Demand / Change in Prices
Then, in our question we have:
Demand Elasticity = 12% / 5% = 2.4
Why is it called elasticity of demand?
An elastic product is one in which demand significantly shifts in reaction to price fluctuations. In other words, the product's demand point has expanded significantly from its earlier point. It is inelastic if the amount purchased fluctuates little when the price of the good or service changes.
What Does elasticity of demand tells us?
It reveals how much the quantity needed alters in response to pricing changes made by the company. The price elasticity of demand explains how the amount sought in the market changes when the price changes if we are evaluating a market demand curve.
Learn more about elasticity of demand: brainly.com/question/23301086
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Answer:
Because a cosigner is another person who is also responsible for ensuring the loan is paid.
Explanation: A cosigner is a person who is signing on to the loan and by doing so, they are jointly taking on responsibility for repayment of the loan. So basically loan repayment is being guaranteed by the person taking out the loan and the cosigner.