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
marusya05 [52]
2 years ago
10

A 10% rise consumer income results in a 4% decrease in the quantity demanded for pasta. the income elasticity of demand for past

a is
Business
1 answer:
Stells [14]2 years ago
5 0
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
You might be interested in
The Herfindahl-Hirschman Index is a measure of market power that focuses on:
professor190 [17]

Answer:

C

Explanation:

Measures concentration by adding market shares squared

7 0
3 years ago
Suppose that you are given the following information:
Phoenix [80]

Answer:

a) 406200000

b) 7500000 and 5.36%

c) 0.7

Explanation:

please find the attached file

5 0
3 years ago
Youve got your budget, credit history and savings in order. Whats the nest step
Ksenya-84 [330]
Try to find a mortgage to buy a house
8 0
3 years ago
Arjen owns investment A and 1 bond B. The total value of his holdings is 1,529 dollars. Investment A is expected to pay annual c
zloy xaker [14]

Answer:

In order to find the present value of the bond we have to calculate the present value of investment A and subtract is from 1529. We can find the present value of A by discounting all its cash flows.

As the first cash flow is received today and the last will be received 3 years form now there will be a total of 4 cash flows

1) 218.19 (Will not be discounted as we are receiving it today in the present)

2) 218.19/1.0987 (Discount by 1 year as cash will be received in 1 year)

3) 218.19/1.0987^2 (Discount by 2 years as cash will be received in 2 years)

4) 218.19/ 1.0987^3 (Discount by 3 years as cash will be received in 3 years)

= 218.19 + 198.58 + 180.74+ 164.51 = 762.02

PV of Bond = 1529-762.09= 766.91

Semi annual coupons mean 2 payments a year. Bond B matures in 23 years which means a total of 46 payments (23*2). N=46. A coupon rate of 6.4 percent means that the bond pays $64 (0.064*1000) each year. $64 divided by 2 is 32 which is the amount of each semi annual payment Arjen receives. Pv= 766.91 FV = 1000

In a financial calculator put

PV= -766.91

N= 46

FV=1000

PMT= 32

and compute I

I is 4.38 and we will multiply it by 2 because the payments are semi annual. So we will get an I of 8.76

YTM= 0.0876

Explanation:

5 0
3 years ago
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allo
JulijaS [17]

The net realizable value of accounts receivable is $684,204

Explanation:

  • To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable.
  • accounts receivable = $703,938
  • doubtful-accounts = $19,734.
  • the net realizable value of accounts receivable =
  • accounts receivable ± doubtful-accounts
  • Therefore, the net realizable value of accounts receivable is $684,204

7 0
2 years ago
Other questions:
  • Incident management includes five key areas that occur and overlap during more than one phase or time period of an incident. the
    14·1 answer
  • Franklin Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Un
    8·1 answer
  • Manfred is the father of a 16-year-old boy. He notices that his son heads over to the other side of town after getting back from
    11·1 answer
  • You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or stud
    11·1 answer
  • When you are making a list of careers that interest you, you should always:
    13·2 answers
  • You invest 60% of your financial assets in Standard &amp; Poor’s Depository Receipts with an expected return of 10% and a standa
    8·1 answer
  • The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:
    9·1 answer
  • Suppose a country's productivity last year was 84. If this country's productivity growth rate of 5 percent is to be maintained,
    15·1 answer
  • In the trade-off theory, debt levels chosen to balance interest tax shield against the costs of financial distress imply:_______
    6·1 answer
  • when a bond is purchased for an investment, the purchase price, minus the brokerage commission, plus any accrued interest is rec
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!