Arch duke of Fran's Ferdinand. Hope this helps
When an economist says that "Kevin's income elasticity of red wine is 6" he means that if Kevin's income increases by 10%, the quantity of red wine demanded by Kevin rises by 60%. So, red wine is income elastic. Since the income elasticity is greater than 1, red wine is a luxury good for Kevin.
Income elasticity measures the change in the quantity of goods demanded relative to a change in income.
If an increase in income results in a decrease in the quantity of goods demanded, then that good is an inferior or cheap good. The income elasticity of a cheap good is negative.
If the demand for a good rises with an increase in income, then that good is a normal good. The income elasticity of normal goods is greater than zero.
If an increase in income results in a greater increase in the quantity of goods demanded, then that good is a luxury good. The income elasticity of a luxury good is greater than 1.
Answer: producer
Explanation: The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding all legal matters; and distributing the proceeds derived from receipts falls to the producer.
Skills expected from a producer are:-
Organization / Scheduling.
Budgeting.
Problem Solving skills.
Multitasking skills.
Communication skills.
Answer:
B. Are based on the market values of the firm's debt and equity securities.
Explanation:
The capital structure weights do not normally remain constant, since retained earnings, an essential component of equity capital, would keep changing from year to year, thereby changing the overall capital structure and the respective weights. Weighted Average Cost of Capital (WACC) is the overall costs of capital and is based on your current capital structure.
An investor can make money from an equity investment by selling the asset or assets for a profit. Selling these assets during a favorable market time can give a big revenue to the investor especially if the sale price is high.
