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
ankoles [38]
4 years ago
5

Christine recently earned a promotion at work, raising her income by 40%. As a result, she now attends twice as many concerts as

before. What is Christine's income elasticity of demand for concerts?
Business
1 answer:
lutik1710 [3]4 years ago
6 0

Answer:

2.5

Explanation:

If Christine now attends twice as many concerts, her percent increase in demand for concerts was 100%. Christine's income elasticity of demand for concerts is given by the percentage change in demand divided by the percentage change in income:

E = \frac{\%D}{\%I}=\frac{100\%}{40\%}\\ E=2.5

Christine's income elasticity of demand for concerts is 2.5.

You might be interested in
Why should we be careful about what we post on social media and the internet?
andrew11 [14]

One should be careful about posting on social media platforms because this post enables viewers to frame a mindset about an individual and their personality.

<h3>What is a social media platform?</h3>

Social media platform refers to a stage where people communicate with each other and share their opinions and knowledge on different content.

One should be careful while posting on social media because the content posted on these platforms will lead to the evaluation of the personality and mindset of an individual by the audience. These evaluations can be both negative and positive.

These platforms play a key role in a career when an employer checks the background history of a candidate. Any posts that create a negative impact will lead to spoil the impression before the hiring manager.

Therefore, it is important to be careful while posting stuff on social media.

Learn more about social media, here:

brainly.com/question/18958181

#SPJ1

4 0
2 years ago
Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on _______.
lubasha [3.4K]

Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on the terminal value used.

What is intrinsic value of stock?

A thing, asset, or financial contract can have intrinsic value if it has some basic, objective value. It may be a good buy or a good sale if the market price is less than that value. There are various approaches for determining a reasonable appraisal of a share's intrinsic value when reviewing equities.

What does terminal value mean?

The worth of a firm, project, or asset after the period for which future cash flows can be predicted is known as its terminal value (TV). After the projected period, terminal value assumes a company will continue to expand at a specific pace indefinitely.

Learn more about intrinsic value: brainly.com/question/14582100

#SPJ4

4 0
2 years ago
In a closed economy, if Y remained the same, but G rose, T rose by the same amount as G, and C fell but by less than the increas
Travka [436]

Answer:

private saving would rise and national saving falls

Explanation:

private saving is income - consumptiioon= Y-C

if consumption c falls, private saving is going ton rise

public saving is T-G

as G goes up, T-G which is public saving would reduce or fall.

Given that the fall in c is smaller than the rise in G, the rise in private saving would smaller than the fall in public saving.

national saving  is change in private saving + change in public saving

given that  change in private saving is less than that of public saving, national saving would be negative.

7 0
3 years ago
The percentage change in prices over time. This is a key indicator of the cost of
mixas84 [53]
ANSWER: Inflation Rate


6 0
3 years ago
Read 2 more answers
Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expec
Ugo [173]

Answer:

2018: 8 months

Depreciation= $916,67

2019: full year

Depreciation= $1375

Explanation:

Giving the following information:

Taco Hut purchased equipment on May 1, 2018.

Price:  $15,000.

Residual value: $4,000

Useful life: 8 year

We need to calculate the depreciation for 2018 and 2019 using straight-line method:

Depreciation= (purchase price- residual value)/useful life

Depreciation= (15000-4000)/8= $1375

2018: 8 months

Depreciation=(1375/12)*8= 916,67

2019: full year

Depreciation= $1375

7 0
4 years ago
Other questions:
  • Explain in your own words assertiveness and power distance as it relates to management. Provide your own examples. g
    12·1 answer
  • Norm's car, which he uses 100% for personal purposes, was completely destroyed in an accident in 2017. the car's adjusted basis
    8·1 answer
  • Amber ask her dad to co-sign her loan. if she makes a late payment what will happen
    15·1 answer
  • Recently, the U.S. Supreme Court ruled that cities could have voucher programs that give money directly to parents, and the pare
    10·1 answer
  • Mr. Thomason owns property assessed at $450,000 and pays a property tax of $1.86 per hundred dollars of assessed value. He charg
    15·1 answer
  • Prat Corp. started the 2018 accounting period with $38,000 of assets (all cash), $16,000 of liabilities, and $13,000 of common s
    6·1 answer
  • Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microch
    15·1 answer
  • Which of the following statements is FALSE?A. The market value of any asset is what an item is actually worth if sold and must a
    7·1 answer
  • Some club members want to increase membership dues by $7.00.Other club members want to increase them by $3.00.They have reached
    7·1 answer
  • Why it is important for shareholders to elect a suitable board of directors to control the business and make important decisions
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!