Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.
The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.
Answer:
Using slover in excel, the optimum cost will be $230,000
Explanation:
et ‘a’ be the number of fronts made.
Let ‘b’ be the number of seats made.
Let ‘c’ be the number of wheels made.
Let ‘x’ be the number of fronts purchased.
Let ‘y’ be the number of seats purchased.
Let ‘z’ be the number of wheels purchased.
Minimum cost (z) = 8a + 6b +1c + 12x + 9y + 3z
3a + 4b + 0.5c <= 50000
10a + 6b + 2c <= 160000
2a + 2b + 0.1 <= 30000
a + c >= 120000
b +y >= 120,000
c + z > =24000
a, b, c, x, y, z >= 0
One of the things that could be done to improve the general quality of life is by taking care of the environment and healthy diet.
Study shows that the main factors that caused early death in the society is the pollutant substance that we inhale everyday and unhealthy foods that we put into our body
Answer:
Regressive.
Explanation:
Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.
Answer:
The change in interest rate will affect the consumption and saving in oppositte ways.
An increase in the interest rate makes spend money now more expensive while makes saving much better. So one goes up (savings) while another down(consumption)
The opposite is true is the rates decline. People will spend as it is cheap and savings decline.
While a tax, as it directly cuts a portion of income, it will make both decrease when up and increase when down. As less or more disposable income is available
Resuming savings and consumption has oppositve relaionship with interest rate
but same relationship with taxes
Explanation: