Answer:
a. positive, so Joan considers hamburger to be an inferior good.
Explanation:
Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P
The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.
▲ Q = (60 -50/60) = 0,16
▲ Q = (40.000 - 30.000/40.000) = 0,25
Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64
Therefore, the elasticity is positive.
This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.
Answer:
Doing a financial statement analysis.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.
Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.
Answer: Option(a) is correct.
Explanation:
Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.
In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.
Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.
Answer:
a.) Nukere should be held liable because of the dangerous nature of hazardous waste. Regardless of safety checks, the accident happened.
Explanation:
"Nuclear power plants" are known to be<em> the most reliable source of electricity</em> there is in the world. However, they pose some<em> risks</em> especially when it comes to the possibility of a nuclear accident happening.
When it comes to "nuclear third party liability," a strict liability of the nuclear operator means that the victim has no fault in any situation that might occur. This means that <em>the operator is responsible or liable</em> of the power plant's dangerous nature of hazardous wastes.
Whether or not they have recently passed safety checks, there is no need for them to prove anything on he is at fault. So, <u>this makes Nukere liable for the situation.</u>
This explains the answer.
Answer:
recruitment policy
Explanation:
A recruitment policy is a statement on how you hire. It outlines your company's preferred hiring practices and promotes consistency within your employee recruiting process
