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alisha [4.7K]
3 years ago
15

Attina always spends 30 % of her income on soft-shell crabs. Assume that her income increases by some percentage while the price

of soft-shell crabs remains constant (and that all soft-shell crabs cost the same). What is her income elasticity of demand for soft-shell crabs?
Business
1 answer:
makkiz [27]3 years ago
5 0

Answer: Unit elastic.

Explanation:

Income elasticity of demand refers to the responsiveness of a quantity demanded for a good with a change in the income level of a consumer.

Here, it was given that price of the soft shell remains the same, irrespective of the change in the income level of an individual. In this case, the income elasticity of demand for soft-shell crabs is unitary elastic which means that percentage change in quantity demanded is identical as the percentage change in income level of a consumer.

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Answer:

The correct answer to the following question is C) Appropriate audience for an advertising campaign.

Explanation:

When a company wants to sell its product in the market , it is very important for them to understand who their target market or target audience are, because these are the people who are in interested in buying company's product not everyone in the market. So it becomes very important for the company to identify who their target audience are and to make a connection with them, so that they can be influence in to buying the company's product.

And in the given above question all of them are example of target audiences.

7 0
2 years ago
Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi
dsp73

Answer:

"C"

Explanation:

A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.

The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility  .

The corporate values of the organization is paramount and every action must be directed towards its achievement.                                                                                                                                      

3 0
3 years ago
GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f
kramer

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

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3 years ago
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Answer:

d) 34.17

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8 0
3 years ago
Define the term communication
Kazeer [188]

the imparting or exchanging of information or news.

4 0
3 years ago
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