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3 years ago

4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the

Business

1 answer:

tatuchka [14]3 years ago

7 0

Answer:

b. False

Explanation:

A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.

In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.

Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.

Whereas for an inferior good, demand for such good decreases as consumers' income increases.

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Which if the following would be debited to the equipment account

kozerog [31]

I think the answer is a

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3 years ago

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Steve has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line

ICE Princess25 [194]

Answer:

D) Sold a call option

Explanation:

From the question, we are informed about Steve, who has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line slopes downward. In this case the type of action did Steve take to obtain this profile is Sold a call option.

a call option can be regarded as a kind of derivatives contract that enable the a call option for those that want to purchase stock or financial instrument the right to buy it at a specific price but not obligation. When a call option is sold, then the buyer is given the opportunity to buy the stock at a particular price with expeiration. The price is known as "strike price".

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2 years ago

The only deposits of a rare and sought-after mineral known as ursarite are found in Russia. Since no other nation has deposits o

fomenos

Answer: Russia has an absolute advantage in the mineral.

Explanation:

Absolute advantage is an economics term that means to the ability of an individual, firm, or nation to manufacture a larger quantity of a product than its competitors.

Adam Smith proposed absolute advantage of absolute advantage in international trade by using only labor as the input. Absolute advantage is derived by comparing labour productiveness between countries.

Russia has an absolute advantage because it's the nation that can produce the highest amount.

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2 years ago

Nursing home kitchens, corporate employee lunchrooms, and state park concession stands are all examples of? A. noncommercial foo

Basile [38]

Answer:

Explanation:

D because you have to keep up with demand

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3 years ago

Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's

kolezko [41]

Answer:

Effect on income= $68,580 increase

Explanation:

Because it is a special order, and there is unused capacity, we will not take into account the fixed costs. Only the variable ones.

First, we need to calculate the unitary cost:

Unitary cost= 46.1 + 8.8 + 1.8 + 1.3

Unitary cost= $58

Now, the effect on the income of accepting the offer:

Effect on income= 2,700*(83.4 - 58)

Effect on income= $68,580 increase

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3 years ago