Answer:
4 ounces
Step-by-step explanation:
The uploaded question does not contain the options. The full question with the options is shown below.
Joe receives a 20 percent increase in his income from his part time job and as a consequence decreases his consumption of Ramen noodles by 10 percent. Hence to Joe, Ramen noodles are
A) a normal good with a price elasticity of demand of 0.5.
B) a substitute good with a cross elasticity of 0.5.
C) a good with a price elasticity of supply of -0.5.
D) an inferior good with an income elasticity of -0.5.
E) an inferior good with an income elasticity of -2.0.
Answer:
D) An inferior good with an income elasticity of -0.5
Step-by-step explanation:
Income elasticity is calculated by finding the negative 50% change in demand.
Income elasticity = -0.5
The reduction in demand for Ramen noodles due to the increase in income indicates that Ramen noodle is an inferior good that was only purchased because of Joe's meager income.
There's an infinite amount of numbers that round to 8.21 when rounded to the nearest hundredth, for example:
8.211
8.209
8.214
8.21145683204
etc...
Just pick whichever two numbers you like :)
Answer:
The last one $21.76
Step-by-step explanation:
First you look at the chart and see that a container of paint is $2.72 next you multiply 2.72 by 8 not 7 because Susan AND her seven friends and get $21.76.
At that rate, it will grow one inch every four days. In order to grow the remaining 26 inches (four feet=48 inches - 22 inches=26), it will need (26 remaining inches* 4 days per inch) 104 days.