Answer: 0.2
Explanation:
Income elasticity of demand refers to the amount that the quantity demanded for a good changes by in response to a change in income.
The formula is therefore:
= Percentage change in quantity demanded of Peanut butter / Percentage change in income
= 2% / 10%
Income elasticity of demand = 0.2
Answer: they got better land, and firtile soil
Explanation:
Answer:
At par
Explanation:
From the question we are informed about Road Hazards with has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bondholders. In this case these direct payments are a clear indication that the bonds can accurately be defined as being issued at par. A par bond can be regarded as bond that is been sold at the exact face value, most mind sells at the face value of $1000, that $1000 is the face value, any par bond usually give an investor a yield which matches the amount of coupon that is associated to the bond.
.
Answer:
See below
Explanation:
Firstly, we will calculate the standard hour
Standard hours = (Standard hours per unit × Actual output
= 8.2 × 150
= 1,230
Variable overhead efficiency variance
= Standard rate × ( Actual hours - Standard hours)
= $14.6 × (2,875 - 1,230)
= $14.6 × 1,645
= $24,017 U
