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Elanso [62]
3 years ago
14

Stephen graduates from college and his income increases by $30,000. Nothing else changes. Stephen decreases the quantity oframen

noodles and chocolate chip cookies that he buys and increases the quantity of cla For Stephen,
A. ramen noodles and chocolate chip cookies are inferior goods
B. ramen noodles and classical music CDs have become substitutes
c. ramen noodles and chocolate chip cookies have become complements
D. classical music CDs and chocolate chip cookies are normal goods
Business
1 answer:
KIM [24]3 years ago
6 0

Answer: A. ramen noodles and chocolate chip cookies are inferior goods

Explanation:

Inferior goods are goods that experience decrease in demand when consumers experience increase in income.

Inferior goods has to do with social economic class, certain people at lower socio economic class go for certain goods because of its affordability not minding quality, same people might stop demanding for such good at a higher socio economic class.

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Flintlnc. provided the following information for the year 2017.
gtnhenbr [62]

Answer: See explanation

Explanation:

1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)

The income from continuing operations for earnings per share was calculated as:

= 285000/100000

= $2.85

The loss on discontinued operations was calculated as:

= 35190/100000 shares

= 0.35

Check the attachment for the solution.

2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.

Check the attachment for the solution

8 0
4 years ago
One factor that shifts the consumption schedule is household wealth. Households build wealth by spending their incomes as they e
yanalaym [24]

Answer:

the correct answer is *not spending all their current incomes.

Explanation:

if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.

6 0
3 years ago
HELP!!!! If supply increases, what is likely to happen to the price?
katrin2010 [14]

When supply increases, the most likely result is the price will lower. This is based on the concept of supply and demand, so when demand goes up and the supply goes down, the price goes up. If the Demand goes down but the supply goes up, the price lowers.

3 0
3 years ago
Joan is creating a new mail merge envelope to use in sending a letter to her customers. which word feature should she use for a
lbvjy [14]
The correct answer is: type new list.

HOPE THIS HELPS...
7 0
3 years ago
Pete and Dana are working on a project together. They disagree on how to present the key concept of equality. Dana complains tha
vekshin1

Answer:

restorative justice.

Explanation:

Based on the information provided within the question it can be said that this scenario best reflects the concept known as restorative justice. This term refers to an approach to justice where both sides of an argument or crime are sat down in a meeting with one another (and sometimes a representative) to talk about the issue and figure out a solution. Which is what supervisor did in this scenario with Pete and Dana.

3 0
3 years ago
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