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mixer [17]
3 years ago
8

Suppose that Steve heads to the local hamburger shop with $3, expecting to spend $2 for his favorite burger and $1 for French fr

ies. When he gets there he discovers that his favorite burger is on sale for $1, so he buys two burgers and one order of French fries. Steve's consumption behavior is best explained by:
Business
1 answer:
PtichkaEL [24]3 years ago
5 0

Answer:

Income effect

Explanation:

The effect is because the customer purchasing power has been changed due to which he is now able to buy more to fulfill his needs and wants. The income effect occurs due to two reasons.

Number 1. The real income of the person has been increased which means his purchasing power has been increased. This means previously you were earning $2000 a month and now you are earning $10000 a month. Now you can buy New Iphone every month because your real income has been increased and this has increased your purchasing power.

Number 2. The price of the product has been fallen and now it is in range of the purchasing power of the customer. This means that if Iphones 11 are available at $100 then everybody buy Iphone 11. This is because the product is in the range of purchasing power of greater number of customers.

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The XYZ Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income
STatiana [176]

Answer:

21.26%

Explanation:

Calculation for the Rate of return that the

investor receive on the XYZ Fund last year

Using this formula

Rate of return =Current value - original value +Income distributions+ Capital gain distributions) / original value) x 100

Where,

Current value =$19.47

Original value =$17.50

Income distributions=$0.75

Capital gain distributions=$1.00

Let plug in the formula

Rate of return($19.47 - $17.50 + $0.75 + $1.00)/$17.50

Rate of return =($1.97+0.75+$1.00)/$17.50

Rate of return=$3.72/$17.50

Rate of return =0.2126*100

Rate of return =21.26%

Therefore the rate of return that did investor receive on the XYZ Fund last year will be 21.26%

8 0
3 years ago
Which of the following is a responsibility for group members:
Mandarinka [93]
It would be D!

when you’re working in a group, you’d want everyone to participate, put commitment into the work, and do their parts as individuals in the group.
6 0
3 years ago
Read 2 more answers
Josh earns $8.25 per hour and works 28 hours per week how much money will Josh earn a year show your work will mark brainiest
Sunny_sXe [5.5K]
So it’s 8.25 times 28 =231 hours
And there are 356 days in a year so 356 times 231 =82236 and that’s the answer hope I helped and get brainiest answer!
4 0
3 years ago
Our economic system in the United States is a "Mixed System" meaning that we are a free market but we also have
VikaD [51]
The answer is TRUE my guy
5 0
3 years ago
In a business environment, you need to consider ____ consequences of your communication because anything you write and say may b
liq [111]

Answer:

LEGAL

Explanation:LEGAL CONSEQUENCES these are the outcomes of what ever actions a person or an organization receives due to some initial activities. In making comments or Communications publicly or privately can be tendered as an evidence against you in the Court of Law.

Before making any verbal or written statement it is better to do proper review and ensure it doesn't go against the Law and if sued it should not result in any legal consequences. That is why it is expected that most Organisations have legal unit which help to analysis it publications before making them.

7 0
3 years ago
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