1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murrr4er [49]
3 years ago
15

After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult

iple Choice steak is a normal good, and hamburger is an inferior good for Jennie. steak is an inferior good, and hamburger is a normal good for Jennie. steak and hamburger are complementary goods for Jennie. steak and hamburger are normal goods for Jennie.
Business
1 answer:
Sauron [17]3 years ago
7 0

Answer:

Steak is a normal good, and hamburger is an inferior good for Jennie

Explanation:

Based on this behavior, we can assume steak is a normal good, and hamburger is an inferior good for Jennie. That is because a normal good is any good who's demand increases when there is a rise in the consumers' income, while an inferior good sees decreased demand due to a rise in income. Therefore, since Jenna buys more (increased demand) steak and less (decreased demand) hamburger due to her increased income this means that steak is a normal good, and hamburger is an inferior good for Jennie

You might be interested in
Is this correct? How do I do this?!
frutty [35]
Yes your answer is correct
6 0
3 years ago
Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person
schepotkina [342]

Answer:

The correct option is D,form a corporation

Explanation:

The rationale for my choice of answer is that limited liability applies to a corporation which is found in other types of businesses.

Limited liability is a concept which implies that the liability of shareholders in a limited liability company is limited to the amount contributed to the business by a way of shares held in the company.

When a company runs into debt,the shareholders would not be required to make up such debts from their private pockets,hence Harry and Meghan personal effects are secure.

4 0
3 years ago
In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction mu
adell [148]

Answer:

Correct option is (B)

Explanation:

In accounting, double entry book keeping is followed as every financial transaction has dual effect on the books of accounts. It starts with the accounting equation which stated:

Assets = Liabilities + Stockholder's Equity

If there is an increase in assets, there has to be a subsequent increase in either liability or stockholder's equity.

Every transaction is debited in one account and credited in some other account.

For example Depreciation for the year is $2,000. Depreciation expense account is debited by $2,000 and accumulated depreciation account is credited by $2,000.

Since Sandra recognizes that an effect on asset will have a simultaneous effect on either liability or equity, she is following double entry bookkeeping.

5 0
4 years ago
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e
madam [21]

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

5 0
3 years ago
Create a bulleted list of four descriptive terms describing possible experience a person may have. These may be your own experie
strojnjashka [21]

Answer: I can’t give an exact answer but i can help you get on the right path an experience is The knowledge or skill acquired by experience of carrying out a task or chore over a period of time, Especially that gained in a particular profession by working a position in a job for certain amount of time that you can carry out that procedure independently with out needing instructions or training first

6 0
3 years ago
Other questions:
  • Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement
    8·1 answer
  • In your own words explain two functions of a public protector
    10·1 answer
  • For its top managers, Goldberg Industries formats its income statement as follows: GoldBerg Industries Contribution Margin Incom
    11·1 answer
  • Which law requires lenders to disclose to buyers the true cost of obtaining credit so that the borrower can compare the costs of
    10·1 answer
  • Domestic Market for Steel, Alpha
    5·1 answer
  • Suppose you earn $40,000 per year and pay taxes based on marginal tax rates. The first tax bracket, which taxes at 10 percent, r
    8·1 answer
  • g CVP analyses (18 points) MusicWizard, Inc. manufactures and sells trombones with the following price and cost characteristics:
    8·1 answer
  • After the required beginning date (RBD), what is the amount of penalty that applies to a required minimum distribution (RMD) fro
    6·1 answer
  • Calculate the contribution to total performance from currency, country, and stock selection for the manager in the example below
    14·1 answer
  • How does the service enterprise contribute to the economic growth of the country?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!