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zloy xaker [14]
3 years ago
6

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 of the following is a difference between customized services and standardized services?
Verizon [17]

Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

5 0
3 years ago
The accounting profit is equal to
Archy [21]
Is the monetary costs a firm pays out and the revenue a firm receives. It is the bookkeeping profit<span>, and it is higher than economic </span>profit<span>. </span>Accounting profit<span> = total monetary revenue- total costs.</span>
7 0
3 years ago
Justin’s plan doesn’t cover his costs completely. What are his options for covering the rest of his costs? Select all that apply
spin [16.1K]

Available Options:

He could try to save more money.

He could get a student loan for the extra amount he

needs.

TO He could apply for a scholarship

He could ask his friends to loan him money.

He could ask his family to contribute.

Answer:

All of the above    

Explanation:

The best option is to be self reliant which means that Justin must apply for scholarships, save money now and during the program execution and if still there are any expenses due then he can ask his family to contribute to meet his exense and still if there are unpaid expenses then he can borrow from his friends if he thinks that he can repay the loan to his friends in the mutually agreed time. If Justin can not pay its amount borrowed then he must consider long term loan option to fund his studies.

The order of finance is given as under:

  1. Save Money
  2. Scholarship
  3. Ask his Family
  4. Loan from Friend
  5. Long term Loan
5 0
3 years ago
Read 2 more answers
If a painter tells you that he would spent $30 on a resperator (but not $31) that protects him from paint fumes that produce a 0
Anestetic [448]

Answer:

$300,000

Explanation:

Data provided in the question:

Amount the painter would like to spend on a respirator = $30

Chances of paint fume killing the painter = 0.01%

Now,

The cash value he places on the life of painter

= [ Amount spent on respirator ] ÷ [ Probability of death ]  

or

= 30 ÷ 0.01%

or

= 30 ÷ 0.0001

or

= $300,000

3 0
3 years ago
Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 p
dusya [7]

Answer: B. The capital gains yield is positive.

Explanation:

The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.

It works by taking the new value and dividing it by the original value.

Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,

= 4/0.1

= 40 * 100%

= 4000% which is positive

As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.

7 0
3 years ago
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