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Dmitry [639]
3 years ago
11

Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause a. an upward

movement along the demand curve for bus travel. b. a downward movement along the demand curve for bus travel. c. a rightward shift in the demand curve for bus travel. d. a leftward shift in the demand curve for bus travel.
Business
1 answer:
Pavlova-9 [17]3 years ago
4 0

Answer:

C. A rightward shift in the demand curve for bus travel.

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Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a
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2. It engages in business activities from which it may earn revenues and incur expenses.
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The length of time to perform an activity is often dependent upon who will do that work.
Alex787 [66]

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True

Explanation:

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You are considering an investment that will pay you and your heirs $5,000 at the end of each year forever. The price of the inve
Dmitry [639]

Answer:

Fair price of the insurance policy is $62,500.

Explanation:

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So the annual cash flow = $5,000

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8 0
3 years ago
Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces and
ratelena [41]

Answer:

$57,000

Explanation:

The calculation for GDP only takes into account the final, market value, of finished goods and services. The value of intermediate goods (those that are transformed into other goods during the year) is not taken into account.

In this case, we have 20 couches that were finished and sold for $2,600. They are part of GDP under their market value. Their total contribution to GDP is:

20 couches x $2,600 = $52,000

Cowhide, Inc. produced 25 units of leather, each worth $1,000. 20 of them were bought by Couches, Inc. and transformed into couches. As a result, those 20 units are not counted on GDP.

The remaining 5 units of leather are part of GDP because they are finished goods which have not been transformed into anythign else. Even if Couches, Inc. has promised to buy those 5 units of leather, it would only do so in 2016, and a promise is not necessarily a certainty.

The contribution of the 5 units of leather to GDP is:

5 units of leather x $1,000 = $5,000

Finally, we add up the two figures to obtain total GDP:

GDP = $52,000 + $5,000

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3 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
Anon25 [30]

Answer:

-0.028870144

Explanation:

The computation of the annual rate of return on this sculpture is shown below:

We have to find the compound annual growth rate which is

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The six year comes from

= The Year 2015 - the year 2009

= Year 6

Basically, we applied the above formula so that the annual rate of return could come

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3 years ago
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