1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
3 years ago
10

Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increas

es the amount consumers spend on smartphones if the income elasticity of demand is greater than ________ and if the price elasticity of demand is greater than ________.a. zero, zero
b. zero, one
c. one, zero
d. one, one
Business
1 answer:
viva [34]3 years ago
7 0

Answer: The correct option is C. One, zero.

Explanation:

When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.

As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.

When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.

You might be interested in
Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly fro
Aloiza [94]

Answer:

agents

Explanation:

Tourism uses agents to commercialize the travel packages.

5 0
2 years ago
Read 2 more answers
The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 2,
Mice21 [21]

Answer: $13,050

Explanation:

The Cash collected from receivables can be calculated by;

= Beginning Accounts Receivable + Sales revenue - Receivables written off - Ending Accounts Receivable

= 2,800 + 14,000 - 150 - 3,600

= $13,050

4 0
2 years ago
ABC has the following information for the current year: Budgeted indirect costs are $4,000, the budgeted allocation base is 2,00
Marrrta [24]

Answer:

$2 per hour

Explanation:

<u>Given</u>: Budgeted indirect cost $4000

           Budgeted allocation base ; 2000 hours

           Actual indirect costs incurred: $4200

           Actual allocation base : 2050 hours

Standard rate for allocation of indirect cost = Budgeted indirect cost/Budgeted allocation base

= $4000/2000 hrs

= $2 per hour

Budgeted or standard indirect cost rate refers to the estimated indirect cost rate which is arrived at by dividing budgeted expenses by budgeted allocation base i.e budgeted hours here.

8 0
3 years ago
Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and
denis23 [38]

Solution :

In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :

  • Alex went to higher tier law school  ----  difference in education
  • J.J. is reentering the workforce after two years away  ---  difference in experiences.
  • Alex will be working with a notoriously difficult boss  ---  compensating differentials.
  • Alex is a man and J.J. Is a woman  ---  economic discrimination.

                         

8 0
3 years ago
Company X had net income of $200,000 in the year 2016. At the beginning of 2016, there were 500,000 shares of outstanding common
EleoNora [17]

Answer:

Basic earning per share $0.21 per share

Explanation:

Basic Earning per share = ( Net Income - Preferred stock dividend ) / Weighted Average outstanding shares

Basic Earning per share = ( $200,000 - $50,000 ) / 700,000

Basic Earning per share = $150,000 / 700,000

Basic Earning per share = $0.2143 / share

Weighted average Outstanding shares = 500,000 + 200,000

Weighted average Outstanding shares = 700,000 shares

5 0
2 years ago
Other questions:
  • A study finds that the noise from airplanes is harmful; hence, the government imposes a $25 tax on the sale of every airplane. T
    11·1 answer
  • An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average yield on AAA bonds is 4​%, on A bo
    14·1 answer
  • The formal written document identifying the criminal charge, the date and place where the crime occurred, and the circumstances
    6·1 answer
  • _______ is the efforts of independent individuals, groups, and organizations to protect the rights of consumersa) sustainability
    14·1 answer
  • Firm A manufactures brake pads, a component of a braking system, and sells them to Firm B, who sells braking systems used in veh
    14·1 answer
  • 2. For the fiscal year of 2017, Excel Sports Inc. had a net income of $255,000 and paid out $51,000 as common dividend. Meanwhil
    13·1 answer
  • What are the financial resources of netflix​
    6·1 answer
  • Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the pr
    5·1 answer
  • Juanita makes $30 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $30
    14·1 answer
  • What are hollow corporations? A. companies that market their products through franchisees B. companies that outsource all produc
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!