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3 years ago

An inferior good is one that:

Business

1 answer:

Anvisha [2.4K]3 years ago

6 0

Answer:

The correct answer is option d.

Explanation:

An inferior good is that kind of good which has a negative relationship with income. This means that an increase in income would cause their demand to decrease and vice versa.

We can say that unlike normal goods, it shows negative income elasticity. When consumer's income decreases the inferior goods become an affordable substitute, so their demand increases.

A basic example of inferior goods is public transport. When the income of the consumer is low he commutes through public transport buses, trains, etc. But as his income increases, he will instead prefer to travel in his own car.

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Macroeconomics is the study of a. individual decision makers. b. international trade. c. economy-wide phenomena. d. markets for

Misha Larkins [42]

Answer:

Option (c) is correct.

Explanation:

Macroeconomics refers to the study of the behavior and performance of the economy as a whole. Macro economics takes into account the effect interest rates and a country's productivity.

If mainly focuses on the gross domestic product of a nation, unemployment, inflation, growth rate, etc.

Its main aim is to highlight the issues that are affecting the country's economy, individuals and companies.

Components under macro economics:

(1) Aggregate supply

(2) Aggregate demand

(3) Government spending

(4) Inflation

7 0

4 years ago

Another way to think of the marginal seller is the seller who

melomori [17]

The answer for this question is: <span>would leave the market first if the price were any lower
Marginal seller is a type of seller whose main goal is to obtain as much profit as possible within a short period of time. These type of sellers usually spent their resource in order to find out the current trend in the market and create products according to that trend</span>

7 0

3 years ago

Rolling Company bonds have a coupon rate of 6.20 percent, 25 years to maturity, and a current price of $1,196. What is the YTM?

Sidana [21]

Answer:

Yield to Maturity = 0.0493 or 4.93%

Current Yield = 0.0518 or 5.18%

Explanation:

Assuming that the face value of the bond is $1000

The yield to maturity can be calculated using the following formula,

Yield To Maturity = [C + (F - P) / n] / (F + P) / 2

Where,

C = Coupon Payment

F = Face Value

P = Present value

N = Number of years to maturity

The coupon payment here is 1000 * 0.062 = $62

The Yield to Maturity = [62 + (1000 - 1196) / 25] / (1000 - 1196) / 2

Yield to Maturity = 0.0493 or 4.93%

Current Yield is simply calculated by dividing the coupon payment by the preset value of a bond.

Current Yield = 62 / 1196 = 0.0518 or 5.18%

3 0

3 years ago

Read 2 more answers

Sandra, your newest client has a very high credit score, but also has a large amount of debts. which type of underwriting would

never [62]

Despite having a great credit score and a lot of debt, Sandra, your newest client might benefit more from forensic underwriting.

Difference between Firm Debt and Private Debt?

The primary difference between a firm's debt and private debt is who owns the total amount of debt; if it belongs to a partner, it is referred to as private debt; if it belongs to the firm, it is referred to as firm's debts.

Based on meaning:

(a) The firm's debts are obligations owing to other parties.

(b) Private debts are obligations that the partners have to third parties.

In terms of liability:

(a) The firm's partners are all jointly responsible for paying off the firm's debts.

(b) The only partner who is responsible for paying off Private debts is the one who is in debt.

To learn more about Debt, visit:

https://brainly.in/question/3338461

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4 0

2 years ago

Richard and Alice are divorced and under the terms of their written divorce agreement signed on December 30, 2011, Richard was r

murzikaleks [220]

Answer:

$10,800

Explanation:

Alice's gross income must include the money she received from Richard as part of their divorce settlement, excluding the amount set for child support:

Alice's gross income = 12 x ($1,500 - $600) = 12 x $900 = $10,800

The extra money that Richard gave Alice that was not part of the divorce settlement is not included in her gross income, since it is included in Richard's gross income.

4 0

3 years ago