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Zepler [3.9K]
3 years ago
6

Consider a scenario where the demand is estimated to be represented by the following equation: ,

Business
1 answer:
Tcecarenko [31]3 years ago
5 0

Answer:

Option (A) is correct.

Explanation:

Qx = 1000 - 10Px + 0.1I + 10Py

Suppose income of the consumer and the price of good x remains constant at

I = $100

Px = $10

Initial price of good y, Py = 10

So,

Qx = 1000 - 10(10) + 0.1(100) + 10(10)

     = 1000 - 100 + 10 + 100

     = 1,010 units

If price of good y increases to $20, then,

Qx = 1000 - 10(10) + 0.1(100) + 10(20)

     = 1000 - 100 + 10 + 200

     = 1,110 units

This will results in an increase in the quantity demanded for good x which shows that there is a positive relationship between the price of good y and quantity demanded for good x.

This indicates that good x and good y are substitute goods.

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The following table shows the assets and liabilities of the Chang family in 2007 and 2008.
Aleks [24]

Answer:

d

Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease. 

5 0
3 years ago
Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
dusya [7]

Answer:

He has to pay the insurance company=$1840.90

Explanation:

Value of his home=$449,000

Insurance company charges $0.41 per $100 of value in his home

Number of $100's in $449,000=449000/100=4490

They charge 0.41 for every $100=4490×0.41= $1840.90

He has to pay the insurance company=$1840.90

4 0
4 years ago
An insurance adjuster processes the claims of six policy holders in an eight hour work day. The adjuster uses $5 in gasoline and
natta225 [31]

Answer:

0.75 claims per hour

Explanation:

The goal is to determine the single factor productivity of the Insurance adjuster.

Step 1: Know the formula for Singe Productivity

Single Factor Productivity= Units Produced/ Labour Hours Used

Step 2: Calculate the productivity

Units Produced = 6 (the Procesing of the claims of six policy holders)

Labour Hours used = 8 (The number of hours used to process the claims per day)

Single factor Productivity= 6/8 = 0.75 claims per hour.

7 0
4 years ago
The first thing that the customer needs to do to take a loan is
Anarel [89]
Is a bank account because how their going to take a loan with no bank account
7 0
3 years ago
Net operating income is income after interest and taxes. true or false
ollegr [7]
<span>False. Net operating income is income after interest and taxes.

Net operating income, also know as, NOI is used to generate income mainly in real estate. To solve for net operating income you take the revenue from the property sold and subtract the operating expenses from the sale. </span>
3 0
4 years ago
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