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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.

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After trial, Jane reported Greg's actions in letting the air out of her tire to the police who said that they would proceed with
Elenna [48]

Answer:

Counterclaim

Explanation:

Counterclaim is a way to rebut an accusation against you. If one is charged with not paying back a debt and the defendant in turn sues for fraudulent activities for the bank, that is a counter claim.

In this instance after Jane was charged to court she now revealed that Greg let air out of her tire and she is now suing him for criminal action.

3 0
3 years ago
When total expenditures are greater than total production, __________ is produced than households want to buy, which leads to __
11111nata11111 [884]

Answer:

When total expenditures are greater than total production, <u>less</u>  is produced than households want to buy, which leads to <u>decrease</u> in inventory, which signals firms that they have <u>under-produced,</u> which causes firms to increase production.

Explanation:

  • When total expenditures are greater than total production, then the business will have low production.
  • If the production is lower than the customer's demand then it will decrease in inventory.
  • If the production is less than the demand of the customer, then in order to fulfill the gap, we need to increase our production.
5 0
4 years ago
A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annual
Mamont248 [21]

Answer:

c

Explanation:

4 0
3 years ago
A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced.
fomenos

The solution for the problem follows:

 

Expense = variable expenses * quantity of produced + fixed expenses

= 14q + 78,490

= 14 (3500) + 78, 490

= 49000 + 78,490

= $127, 490 is the total expense for 3,500 tennis rackets

 

Get the per piece expense by dividing 127,490 to 3500

Expense per piece = 127,490 / 3500

= $36.43

 

<span> </span>

3 0
4 years ago
J &amp; B Corp. is investing in a major capital budgeting project that will require the expenditure of $20 million. The money wi
DaniilM [7]

Answer:

a) WACC = 12.20%

Explanation:

Weighted average cost of capital is computed by allocating weights to different capitals.

Cost of bonds = Cost of debt = 5%

Cost of preferred stock = 9%

Cost of equity = 16%

As it is new issued and not from retained earnings.

With weights cost will be as follows

Bonds = 5% X $5/$20 = 1.25%

Preference share = 9% X $3/$20 = 1.35%

Equity = 16% X $12/$20 = 9.6%

WACC = 1.25 + 1.35 + 9.6 = 12.20%

7 0
4 years ago
Read 2 more answers
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