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]
4 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]4 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
Establishing a secure customer or client base is an example of how to deal with this type of risk.
Elan Coil [88]
It would be Operational risky
7 0
3 years ago
I need ideas for my new rap song
Vlada [557]
Sing about what you did to get to where you are now, it helps people understand why u starting rapping, many do it to cope with pain. But hey wish you luck!!
5 0
3 years ago
When a monopolistically competitive firm is in long-run equilibrium, a. marginal revenue is equal to marginal cost. b. average t
LenaWriter [7]

Answer:

a. marginal revenue is equal to marginal cost.

Explanation:

Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.

Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.

Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.

When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost (MR = MC). This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).

<em>Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run. </em>

7 0
4 years ago
On December 31, the company purchases equipment for $10,000 and pays for the purchase in cash. Complete the necessary journal en
Vladimir [108]

Answer:

Date            General           Debit      Credit

                                                 $             $

Dec 31        Equipment        10000  

                   Cash                                 10000

Following are detail of the posting of equipment purchased

1) The $10,000 will be posted to the debit side of the Equipment Account.

2) The $10,000 will be posted to the credit side of the Cash Account

7 0
3 years ago
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
Tju [1.3M]

Answer: Safety

Explanation:

 According to the given question, Gina is using the safety investment factor as it is one of the important factor in the investment program after her husband death and she is using the safety investment process for the purpose of securing her and the children's future.  

 The safety is basically stand for the simple agreement for the future equities and the secondary purpose of the investment program is to earn some interest money. The investment program is one of the type of monetary assets which is basically provide some profit in the future for example the mutual funds.

 In the same way, the life insurance is one of the program in which the person makes the payment on some regular basis to the insurance company and after the persons; death the company give money to their family.  

 Therefore, Safety is the correct answer.

4 0
3 years ago
Other questions:
  • Disposal of Plant Asset
    14·1 answer
  • Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, J
    5·2 answers
  • Assume you want to accumulate $4,000 to begin investing at the end of three years. How much money would you need to save every w
    11·1 answer
  • Given a 4% required return, what is a $100 cash flow today, a $1,000 cash flow at the end of 1 year, and a $100,000 cash flow at
    5·1 answer
  • According to a recent survey by BizMag, more than 60 percent of all employees believe that pilfering office supplies for persona
    15·1 answer
  • A number of years ago, Lee acquired a 20% interest in the BlueSky Partnership for $60,000. The partnership was profitable throug
    11·1 answer
  • What would happen if your boss at the bookstore asked you to decrease some of the business' variable costs
    14·1 answer
  • The following are the stages of both consumer and organization purchase decisions. Place each stage in the most typical order of
    5·1 answer
  • Justin builds fences for a living. Justin's out-of-pocket expenses (for wood, paint, etc.) plus the value that he places on his
    10·1 answer
  • When John asked Melanie to babysit Saturday night, he told her that he would pay $7 per hour. She accepted and did the work but
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!