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3 years ago

Will there always be a demand for inferior goods? how could demand for an inferior good decrease? explain.

1 answer:

8 0

Mainly income is a huge factor here, if income somehow manages to decrease then there will be a demand on inferior goods because people cannot afford superior goods anymore

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Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of $51

Afina-wow [57]

You are using $410 + $510 = $920 out of a possible $1000 + $1000 = $2000

Therefore your credit utilization is $\frac{920}{2000} =.46$

That is, 46%

3 0

3 years ago

Read 2 more answers

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types o

kirill [66]

Answer:

Handling materials = $6.25 per part

Inspecting product = $600 per batch

Processing purchase = $150 per order

Handling materials = $350 per invoice

Insuring the factory = $7.50 per square feet

Designing packaging = $37,500 per model

Explanation:

Activity rate = Estimated Cost ÷ Estimated Activity

therefore,

Handling materials = $ 625,000 ÷ 100,000 parts = $6.25

Inspecting product = $ 900,000 ÷ 1,500 batches = $600

Processing purchase = $ 105,000 ÷ 700 orders = $150

Handling materials = $ 175,000 ÷ 500 invoices = $350

Insuring the factory = $ 300,000 ÷ 40,000 square feet = $7.50

Designing packaging = $ 75,000 ÷ 2 models = $37,500

6 0

3 years ago

You are a risk-averse investor who is considering investing in one of two economies. The expected return and volatility of all

Aleks [24]

Answer:

C. A risk averse investor would choose the economy in which stock returns are independent because risk can be diversified away in a large portfolio.

Explanation:

if stock prices move together, (positive correlation), the volatility of the portfolio will be higher. Higher volatility means higher risk. This is the case with the first economy.

In the second economy however, the stocks are independent of each other meaning there is zero correlation between stocks and hence the portfolio volatility will be much lesser.

As a risk-averse investor you will prefer the portfolio with lower volatility for the same expected return.

7 0

3 years ago

In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (t

romanna [79]

Answer:

The answer is bribery.

Explanation:

Bribery is a term used to describe the unethical practice by which a person or group of persons give/promise money or gifts to another person or a group of persons (the recipient) in order to make the recipient take actions that would favour the giver.

Bribery mostly takes place in public institutions where the recipient is most likely a public official. It is important to note that Bribery does not only describe giving. It also implies taking. Thus both givers and recipients of bribes are guilty of bribery.

The unethical practice called bribery has universal spread as evident in the local name given to it by citizens of different countries. In Japan, it is known as kuroi kiri (black mist). Germans call it schmiergeld (grease money), Mexicans say la mordida (the bite), the French refer to it as pot-de-vin (jug of wine), while Italians call it bustarella (little envelope).

8 0

4 years ago

A nonconventional cash flow pattern associated with capital investment projects consists of an initial outflow followed by a ser

Blababa [14]

B false because when it inflows it shows you that is false but when it does not inflow is will be true

4 0

3 years ago