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
telo118 [61]
3 years ago
15

The distinction between a normal and an inferior good is A. normal goods are used for the same purposes while inferior goods are

used together. B. when income​ increases, demand for a normal good decreases while demand for an inferior good increases. C. when income​ increases, demand for a normal good increases while demand for an inferior good falls. D. normal goods are used together while inferior goods are used for the same purposes.
Business
1 answer:
zubka84 [21]3 years ago
3 0

Answer:

The correct answer is C. when income​ increases, demand for a normal good increases while demand for an inferior good falls.

Explanation:

The normal good is that whose quantity demanded for each of the prices increases when the rent increases. A lower good is one whose quantity demanded decreases when income increases. The inferior goods are usually those for which there are higher quality alternatives. When it comes to a normal good, increasing the income of the consumer increases the quantity demanded at each price. Causing a shift in demand to the right.

You might be interested in
The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. B
Marina CMI [18]

Answer: i hope this helps some its all i can do for now

Explanation:

3 0
3 years ago
Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each driver delivers 60 packages pe
lisabon 2012 [21]

Answer:

a. What is the MRP per driver per day?

  • the marginal revenue product per driver = 60 packages x $20 = $1,200 per day

b. Now suppose that a union forces the company to place a supervisor in each vehicle at a cost of $300 per supervisor per day. The presence of the supervisor causes the number of packages delivered per vehicle per day to rise to 60  packages per day What is the MRP per supervisor per day? By how much per vehicle per day do firm profits fall after supervisors are introduced?

  • if the drivers were already delivering 60 packages per day without the supervisor, then the addition of the supervisor doesn't change anything. So the MRP of the supervisor is $0. That means that the company's profits will decrease by $300 per day due to the supervisors.

c. How many packages per day would each vehicle have to deliver in order to maintain the firm's profit per vehicle after supervisors are introduced?

  • $300 / 20 = 15 packages per day
  • in order to maintain the profit per vehicle, each team of delivery man + supervisor should be able to deliver 75 packages per day.

d. Suppose that the number of packages delivered per day cannot be increased but that the price per deliver might potentially be raised. What price would the firm have to charge for each delivery in order to maintain the firm's profit per  vehicle after supervisors are introduced?

  • $300 / 60 = $5
  • the price of each package delivered should increase by $5 to $25 per package.
6 0
3 years ago
In choosing to acquire a TV manufacturer as part of your entry strategy to enter the Smart TV market, Apple intends to integrate
Zarrin [17]

Answer:

B. Transfer the knowledge of touchscreen capabilities and the Apple ecosystem from Apple to the TV manufacturer to use for the new Apple Smart TV

Explanation:

In the first case, Apple doesn't have technical expertise on manfucturing the TV. Here the differences in both the devies with respect to the technology that applied in ports, operating system tec

So here the technology that adapted would be difficult for implementation

Instead of this, the apple would create the better position.

So, the option b is correct

Hence, the option a is incorrect

5 0
2 years ago
The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that:
Levart [38]

The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that a<u>t the end of each year, the</u><u> account balances </u><u>are revised so that they accurately represent the c</u><u>urrent situation.</u>

This is further explained below.

<h3>What is an income statement?</h3>

Generally, When a business first records its prepaid rent, it should do so in either an account on its income statement or one on its balance sheet.

The reason for this is because, at the end of each year, the balances of these accounts should be revised so that they more accurately reflect the situation at the moment.

In conclusion, An income statement, also known as a profit and loss account, is one of the financial statements that a business maintains.

It details the revenues and costs that the firm incurred during a certain time period. It describes the process through which the revenues are converted into the company's income or profit after taxes.

Read more about income statements,

brainly.com/question/28035395

#SPJ1

<u></u>

8 0
1 year ago
When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
muminat

Answer:

<em>Open Communication</em>

Explanation:

In business, open communication is<em> really the capacity of anyone to obtain, access and share communication resources on one level in order to provide value-added facilities on yet another level in a layered communication system architecture under equal conditions with a transparent relationship between cost and pricing.</em>

It is important for business because it encourages your staff to become more involved and recognize that what they are doing counts to business success.

6 0
3 years ago
Other questions:
  • In order to calculate marginal cost, the change in ______________ is divided by the amount of change in quantity.
    11·1 answer
  • Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form,
    12·1 answer
  • 1. Depreciation on the equipment for the month of January is calculated using the straight-line method. The company estimates fu
    7·1 answer
  • A homeowner sued a plumber for damages resulting from the plumber's allegedly faulty installation of water pipes in her basement
    11·1 answer
  • A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
    8·1 answer
  • Which economic procedure best encourages voluntary exchange?
    15·2 answers
  • In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining
    8·1 answer
  • Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because
    6·1 answer
  • On her way to a concert, Hermione stopped at a restaurant for dinner. In her purse, she had 12 bills worth a total of $40. She h
    11·1 answer
  • The major activity in strategic planning is the analyses of a business​ __________.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!