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3 years ago

Income elasticity of demand is

Business

2 answers:

topjm [15]3 years ago

5 0

Answer: Answer is A.

Explanation:

coldgirl [10]3 years ago

3 0

Answer: Option (a) is correct.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded with change in the income level of an individual.

$Income\ elasticity\ of\ demand=\frac{percentage\ in\ quantity\ demanded}{percentage\ change\ in\ income}$

Income of an individual has a positive relationship with the demand for normal goods and has a negative relationship with the demand for inferior goods.

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5 weeks 500/(12x10) =4ish then round up

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3 years ago

What is the main activity of a producer cooperative?

fomenos

I think it's C

I hope it helped you!

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3 years ago

Suppose that there are 1 million federal workers at the lowest level of the federal bureaucracy and that above them there are mu

goldfiish [28.3K]

Answer:

The answers are:

A) 100,000 layer 1 supervisors; 10,000 layer 2 supervisors; 1,000 layer 3 supervisors; 100 layer 4 supervisors; 10 layer 5 supervisors; and 1 President

B) Including the President there are 111,111 supervisors

C) Including the federal workers at the bottom, there are 7 layers of federal employees

D) Including the President, the total amount of federal employees is 1,111,111 people

E)Almost 10%, the actual number is 9.999991%

Explanation:

The federal bureaucratic pyramid would be like this:

Layer 6 supervisor: 1 president

Layer 5 supervisors: 10 people

Layer 4 supervisors: 100 people

Layer 3 supervisors: 1,000 people

Layer 2 supervisors: 10,000 people

Layer 1 supervisors: 100,000 people

The base of the pyramid (only workers): 1,000,000 people

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3 years ago

Sanjay is a manager at Ridgeway Appliance Corp. and is responsible for helping the company reach its goal of purchasing a manufa

xeze [42]

Answer:

effectiveness

Explanation:

<em>Effectiveness </em>is the essential pillar of business management. Commonly mistaken for efficacy, it isn't quite the same thing. Effectiveness is doing the right thing that helps achieve business goals, while efficacy is how the practice is performed, rationally using available resources. Since the example emphasizes Sanjay's plan that will help the company reach business goals, it is an effectiveness example.

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3 years ago

Which of the following is a key document in a typical process-costing system? A. Departmental production report. B. Sequential p

quester [9]

Answer: Option A

Explanation: A Departmental Manufacturing cost Report (CPR) indicates all expenses that a division may be paid. Not only is it the origin of detailed journal entries at just the end of this month, but it is also the best effective method to view and dispose of the accrued costs over the month.

A departmental cost report depicts:-

1. Total unit costs out of a previous division moved to it.

2. The division included supplies, staff, and overhead warehouse.

3. The cost per unit of the division included.

4. Average and unit expenses incurred at the bureau's conclusion of activities.

5. Through process inventory levels, the expense of start and finish research.

6. Price moved to a successor division or storage of finished products

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3 years ago