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Len [333]
4 years ago
12

g If the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elastici

ty of demand for the product is Multiple Choice zero. greater than zero. less than zero. equal to 1.
Business
1 answer:
wlad13 [49]4 years ago
5 0

Answer:

greater than zero.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income.

I hope my answer helps you

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Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f
Novosadov [1.4K]

Answer:

17.64%

Explanation:

Precision aviation has a profit margin of 7%

The total assets turnover is 1.4

The equity multiplier is 1.8

Therefore the ROE can be calculated as follows

= Total assets turnover × equity multiplier × profit margin

= 1.4 × 1.8 × 7

= 17.64%

Hence the ROE is 17.64%

7 0
3 years ago
Under ideal conditions inflation should not have any blurring effect on price signals. If wages and prices are rising at a const
fgiga [73]

Answer:

1. Adjustments of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

Explanation:

Inflation can be described as a sustained increase in the general price level of commodities within a country over a period of time.

The following are the reasons inflation in the real world result in shortages and surpluses:

1. Adjustmensts of or changes in price are not smooth or synchronized.

2. Inflation rarely have impact on the prices of inputs.

3. The concentration of sellers is more on nominal prices of goods than real prices.

5 0
4 years ago
Whether True or False.
Shalnov [3]

Answer:

see below

Explanation:

1. Division of labor develops an individual’s creativity... <u>False, </u>division of labor involves repeating the same tasks, which created monotony and kills creativity.

2.Specialization can be applied go all productive activity... <u>True, </u>Specialization involves concentrating on a specific skill, activity, or production process,

3. Specialization produces sameness of products... <u>True, </u>same employees using the same processes in production will most likely have the same outcome.

4. Cost per unit is reduced with specialization... <u>True, s</u>pecialization increase efficiency leader in lowering cost per unit.

6 0
3 years ago
When a research project includes the collection of biological samples, all planned future uses of the samples, identifiers, and
Mrac [35]
It is True, that all research that involves interaction or intervention with human samples and data a part of human subjects research.
4 0
4 years ago
DS Unlimited has the following transactions during August.
PtichkaEL [24]

Answer:

Date       Account Title           Debit      Credit

Aug-06   Inventory                 $5,720

               (52 * $110)

                      Accounts Payable            $5,720

Aug-07    Inventory                 $310

                       Cash                                  $310

Aug-10    Accounts Payable    $770

               (7 * $110 )

                         Inventory                         $770

Aug-14     Accounts Payable    $4,950

                          Inventory                        $99

                          Cash                                $4,851

Aug-23   Accounts Receivable $4,160

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                           Sales revenue               $4,160

Aug-23   Cost of goods sold     $3,670

                          Inventory                         $ 3,670

7 0
3 years ago
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