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
Maksim231197 [3]
3 years ago
12

Becky only eats out at Macaroni Grill and eats out 3 times per month. She receives a raise fro $31,900 to $33,500 and decided to

eat out 5 times per month. Use the midpoint method to calculate the monthly income elasticity of demand for eating out.
This good is

A. A normal good and income elastic.
B. A normal good and income in-elastic
C. An inferior good
Business
1 answer:
ololo11 [35]3 years ago
6 0

Answer:

Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct

Explanation:

The formula for income elasticity of demand is given as:

/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)

New income=$33,000

Old income=$31,900

New quantity =5 times

Old quantity=3 times

Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)

Elasticity=6.45

You might be interested in
In applying fiscal policy Conservatives will normally seek to limit government and will be inclined to ________ taxes (T) during
telo118 [61]

Answer:

Decrease

Explanation:

Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.

8 0
3 years ago
Data disposal laws require a. businesses to notify individuals who are affected by any incident that results in unauthorized acc
Darina [25.2K]

Answer:

b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior and orderliness in a society.

Data disposal laws require businesses to destroy customer data and maintain reasonable security procedures to guard against theft. Thus, any customer data collected by a business firm should be protected securely and discarded when no longer in use.

4 0
3 years ago
Which management viewpoint places emphasis on the importance of understanding human beings and the motivation and encouragement
Basile [38]
<h2>Behavioral view point is pertaining to the motivation and encouragement of employees towards achievements.</h2>

Explanation:

Initially the organization was  

  • concentrating only on the productivity of the employee
  • lost focus on motivating employees
  • not providing much "employee-friendly" atmosphere

Later on, the "Behavioral management" theory helped the organization

  • a shift from Production to leadership based work culture
  • a good work environment to satisfy the employees
  • Motivate to achieve good results
  • Reach both individual and organization's goal
  • Motivating by providing Increase in the wages
7 0
3 years ago
For safety's sake industrial screwdriver blades are made of
Bad White [126]
They are made out of industrial screwdriver blades and they have screws in them that help them seal up things that are broken 
5 0
3 years ago
Read 2 more answers
When we commit to students’ wellbeing and learning through the practice of positive influence, professional judgment and empathy
natulia [17]

Answer:

c. care and protection

Explanation:

The answer to this question is based on the framework of Ethical Standards for those pursuing a teaching profession. It involves four main values; care, respect, trust and integrity. This framework acts as a guide to educators on ethical ways to think, act and make decisions when serving students. Committing to students’ wellbeing and learning through the practice of positive influence, professional judgment and empathy in practice is part of care and protection.  

4 0
3 years ago
Other questions:
  • Callaghan motors' bonds have 10 years remaining to maturity. interest is paid annually; they have a $1,000 par value; the coupon
    6·1 answer
  • A bond portfolio and a stock portfolio both provided an unrealized pretax return of 8% to a taxable investor. If the stocks paid
    15·1 answer
  • If a factory produces 100 TV sets per year, each TV will be quite expensive to make. However, if a factory produces 20,000 TV se
    14·1 answer
  • According to the two-factor theory, ________. Group of answer choices there exists a hierarchy of needs within every human being
    6·1 answer
  • After a school district's annual _______ revealed potential safety vulnerabilities associated with dark and isolated parking lot
    6·1 answer
  • Determine whether each of the following examples would be included in Gross Domestic Product (GDP). a. When Judy went to the gro
    13·1 answer
  • . Licensing occurs when: a. A licensee allows a licensor to use its intellectual property for a fee. b. A professional league pa
    11·2 answers
  • A small office building is purchased for $1,200,000 with a balloon mortgage that is due at the end of year 10. Payments are base
    10·1 answer
  • A company received a proposal for the development of a new software. While analyzing the specifications, it was found that there
    5·1 answer
  • United Contractors Inc. holds a lien on Vista Estates real property. This property can be sold to satisfy the debt if, before th
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!