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
Viktor [21]
3 years ago
6

You purchase both potatoes and gasoline regularly. Your income decreases, and you purchase less gasoline. This means that: Gasol

ine is a normal good. Potatoes are inferior goods. Gasoline has a negative substitution effect. Gasoline is an inferior good.
Business
1 answer:
KIM [24]3 years ago
7 0

Answer:

Gasoline is a normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

Because the demand for gasoline falls when income falls, gasoline is a normal good.

I hope my answer helps you

You might be interested in
Choose the preferred sentence from each pair and justify your choice. a. (1) Lindsay's request to telecommute was denied, but sh
mr_godi [17]

Answer:

(2). Although her request to telecommute was denied, Lindsay will begin a flextime schedule in two weeks.

Explanation:

The second choice would be the most preferred as it conveys the idea in a formal and precise manner. <u>The complex sentence beginning with the subordinate clause already hints the listener that the key message is yet to come. It helps him/her in understanding the intended message without any confusion</u>. The first sentence fails to create that specificity as it connects two independent ideas which remove the listener's focus from the main idea i.e. 'she will begin a flextime schedule in two weeks.' Thus, option (2) adopts the correct format and sentence structure to deliver the message effectively, efficiently, and precisely.

4 0
3 years ago
An unintended side effect that benefits or harms a third party not involved in the activity is:
Sauron [17]
The answer is : b. An externality

The example of an Externality is air pollution from Car emission

The air pollution is not technically covered and intended by the car manufacturing company , but it harm a third party ( civilians) who do not involved in the car production

 
8 0
3 years ago
Chataqua Can Company manufactures metal cans used in the food-processing industry. A case of cans sells for $50. The variable co
Salsk061 [2.6K]

Answer:

9

Explanation:

Sales revenue (at $25 per case) ................................$2,000,000 $1,500,000 $2,250,000 Less: Cost of goods sold (at absorption cost of $21 per case) * ............................1,680,000 1,260,000 1,890,000 Gross margin .............................................................$ 320,000 $ 240,000 $ 360,000 Less: Selling and administrative expenses: Variable (at $ .50 per case) ............................40,000 30,000 45,000 Fixed ..............................................................37,500 37,500 37,500 Operating income ......................................................$ 242,500 $ 172,500 $ 277,500 *The absorption cost per case is $21, calculated as follows : production Planned over heading manufacture fixed Budgeted+ case per costing manufacture variable

=($400,000/80,000,)+ $16

= $5 + $16 = $21

1.b. Variable- costing income statement. a In year 4, the difference in reported operating income will be $50,000, calculated as follows: Change in inventory (in units) ×Predetermined fixed .

4 0
2 years ago
The primary difference between a company's mission statement and the company's strategic vision is that:______.A. a mission stat
Mrrafil [7]

Answer:

The primary difference between a company's mission statement and the company's strategic vision is that:______.

B. a mission statement typically concerns a company's present business scope and purpose, whereas a strategic vision sets forth "where we are going and why."

Explanation:

Typically, a mission statement discusses the present business scope and purpose, dealing with how to please customers and what the organization does.  On the other hand, a strategic vision shows the organization's direction, focusing on its tomorrow and what the organization wants to become.

3 0
3 years ago
Assume the total cost of a college education will be $380,000 when your child enters college in 16 years. you presently have $62
timurjin [86]
Annual interest rate
(380,000÷62,000)^(1÷16)−1
=0.1199×100=11.99%
5 0
3 years ago
Other questions:
  • " Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces a
    7·1 answer
  • which ICS functional area sets the incident objectives ,strategies and priorities and has overall responsibility for the inciden
    15·2 answers
  • Sixteen-year-old Travis Mitchell brought his Pontiac GTO into M&amp;M Precision Body and Paint for body work and a paint job. M&
    14·1 answer
  • Kyle plans to buy new tires for a car that his family uses for camping trips. These tires are of the same type like those that a
    12·2 answers
  • 7. Opal Lindsay has just taken out a loan at her bank. The bank is charging her 12 percent compounded monthly. How much is Ms. L
    7·1 answer
  • In 2 to 3 sentences
    15·2 answers
  • Which of the following is not a problem associated with monetary​ policy? A. Monetary policy may be ineffective if investment an
    14·1 answer
  • Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He
    15·1 answer
  • Is it ethical for them to take credit for supporting a charity if they are donating just pennies of each purchase?
    8·1 answer
  • Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!