The factor that the salary hike effect is :
A. Fixed cost
Technically, no matter how much output the workers produced, the wages will stay the same
hope this helps
Answer:
C. When consumer income increases, the demand for eggs decreases.
Explanation:
Inferior goods is the type of good which demand does not increase even though the initial buyer experience an increase in purchasing power.
The reason for this is because that consumer choose to<u> purchase another product that he/she couldn't afford</u> before having an increase in income.
This 'other' product tend to be more expensive and higher in quality compared to the previous one. This is why the word 'inferior' is attached to the previous product.
From the example above, the reason why the demand for the eggs does not increase is most likely happen because the consumer choose to purchase higher quality of food. (such as a more expensive meat)
Congress usually begins its
annual meeting on January 3 unless otherwise determined. This is as stipulated
in the 20th amendment to the United States constitution, which moved the beginning
and ending of terms of members of Congress from March 4 to January 3.
Answer:
The rate at which to discount the payments to find sum borrowed is 12.68%
Explanation:
The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:
Effective annual rate = (1 + Quoted interest rate/m)^m - 1
quoted interest rate is 8.40
m is the number of months in a year when compounding is done which is 12
effective annual rate=(1+8.40%/12)^12-1
effective annual rate=(1+0.01)^12-1
effective annual rate=(1.01)^12-1
effective annual rate=1.12682503
-1
effective annual rate=0.12682503=12.68%
