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Daniel [21]
3 years ago
6

Rob consumes two goods, x and y. He has an allowance of $50 per week and is not endowed with either of the goods. If the price o

f good x increases and his substitution and income effects change demand in opposite directions.
a. good x must be a Giffen good.
b. good x must be an inferior good.
c. WARP is violated.
d. good x must be a normal good.
e. There is not enough information to judge whether good x is a normal or inferior good.
Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

B

Explanation:

Inferior good is a good whose demand decreases when income increases

The substitution effect looks at the change in price of a good relative to other goods.  When the price of good x increases, rob should increase consumption of good y and reduce that of good x if it were a normal good

The income effect looks at how a change in price affects real disposable income

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Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of
Andreyy89

Answer:

B.utilizing its total assets more efficiently than Sam's

Explanation:

Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of 1.15 and a total asset turnover rate of 0.88. Both companies have similar operations.

Based on this information, although Sam seems to be utilizing its fixed assets more efficiently, <u>Dee's must be doing utilizing its total assets more efficiently than Sam's</u>

<u>The fixed asset turnover ratio is an efficiency ratio that measures a companies return on their investment in property, plant, and equipment by comparing net sales with fixed assets. In other words, it calculates how efficiently a company is a producing sales with its machines and equipment.</u>

Dee's has a total asset turnover rate of 0.91 compared to a total asset turnover rate of 0.88 by Sam. Hence Dee's efficiency is higher.

5 0
3 years ago
When administering a transfusion of packed red blood cells, it is important to?
elena-s [515]
When administering a transfusion of packed red blood cells, it is important to make sure that the entire pack is being transfused within four hours. It should be within this time range in order to avoid the cells to deteriorate and prevent bacterial growth.
5 0
3 years ago
How much should a single person spend on groceries?
victus00 [196]

Answer:

175$-348.80$

Explanation:

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8 0
2 years ago
Read 2 more answers
Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on
valentinak56 [21]

Answer:

Bond price= $1,210.4

Explanation:

Giving the following information:

Coupon rate= 0.079/2= 0.0395

YTM= 0.056/2= 0.028

Face value= $1,000

n= 13*2= 26

<u>To calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond price= 39.5*{[1 - (1.028^-26)]/0.028} + [1,000 / 1.028^26]

Bond price= 722.67 + 487.73

Bond price= $1,210.4

4 0
3 years ago
The external competitiveness of an organization's pay relative to elsewhere in the industry is measured by its ________. Group o
Helga [31]

Answer:

B) incorporate the unique demands of different cultures

Explanation:

To be effective, an employee involvement program must ________.

A) rightsize the company by eliminating obsolete positions

B) incorporate the unique demands of different cultures

C) mandatorily establish work councils in the company

D) eliminate the influence of employees in managerial decision making

E) implement autocratic ways of handling its employees

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2 years ago
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