Answer:
0.31
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
Percentage change in income =
= 2.3
when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29
Percentage change in quantity =
= 0.72
0.72/2.3 = 0.31
An$8,000
swer:
Explanation:
Non-cash contributions of capital gain property are subject to limit of 30% of AGI = 30% * 160000 = $48,000
$40,000 in property to public charity is allowable deduction (Contribution to private non-operating foundation is further subject to a 30% limit)
Hence, allowable deduction of contribution to private non-operating foundation = 30% * AGI (Contribution subject to 30% limit) = $48,000 - $40,000 = $8,000
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Univision's market appeal is most specifically aimed toward the HISPANIC market.
Hispanic or Latino according to the U.S. Census Bureau is an individual who is of Cuban, Mexican, Puerto Rican, South or Central American, or any Spanish origin or culture".