Answer:
The income elasticity of demand for concert tickets:<em> 15/10 = 1.5</em>
The income elasticity of demand for bus rides: <em>-2</em>
<em />
Explanation:
The income elasticity of demand for a product can be calculated by this following formula:
<em>+) The income elasticity of demand for a product = (% change in quantity of product demanded)/ (% change in income)</em>
<em />
The change in Judy's income is:
%<em>change in income = </em>(New income - Previous income)/ Previous income *100%
= (440 - 400)/400 * 100% = 10%
<em>% change in quantity of concert tickets: 15%</em>
<em>=> </em>The income elasticity of demand for concert tickets = <em>% change in quantity of concert tickets/ </em>%<em>change in income = 15/10 = 1.5</em>
<em />
<em>% change in quantity of bus rides: -20%</em>
<em>=> </em>The income elasticity of demand for bus rides = <em>% change in quantity of concert tickets/ </em>%<em>change in income = -20/10 = -2</em>
Adam will most likely have to pay for ATM usage fees.
ATM usage fees refers to the payment one makes when using an ATM machine especially if the bank card inserted is affiliated with another bank.
<span>Thank you for posting your question. I hope you found what you were after. Please feel free to ask me more.</span>
Answer:
The correct answer is letter "C": $75.
Explanation:
The outstanding balance in a credit card represents the amount of money the account holder used out of the credit limit of the card. It also represents the debt the cardholder has with the financial institution that issued the card. The full credit limit will be available once the outstanding balance is paid off.
Thus, if the credit limit of a card is $800 and its outstanding balance is $725, the account holder can use $75 ($800-$725 = $75) for the upcoming month.
Answer:
chad
neither
chad
Italy
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of Italy in producing one unit of grain = 5/10 = 0.5t dates
The opportunity cost of Italy in producing one unit of dates = 10/5 = 2grains
The opportunity cost of Chad in producing one unit of grain = 25/10 = 2.5 dates
The opportunity cost of Chad in producing one unit of dates = 10/25 = 0.4 grains
Italy has a comparative advantage in the production of grains while Chad has a comparative advantage in the production of dates
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries. Chad produces 25t of dates while Italy produces 5t of dates, this shows that Chad has an absolute advantage in the production of dates. Both Italy and Chad produces the same quantity of grains so neither have an absolute advantage in the production of grains.
Answer:
The correct answer is the option: True.
Explanation:
To begin with, the advertisers and publishers are commonly looking for the best opportunities to present their advertise and that includes the correct place where to put it and when it comes to that the internet has been the most important media option of the last decade due to the fact of its remarkable growth and improvement regarding topics of accumulate more and more data about the users that could easily help the business' owner to have an idea of where are the people that might end up being potential consumers. In addition, the internet advertising also has great characteristics that tend to facilitate the search for potential buyers such as the ability to engage in two-way information exchanges with consumers and more as well.