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Rus_ich [418]
3 years ago
9

10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round y

our answer to one decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The income elasticity of this good is: . This good can best be described as (Click to select) .
Business
1 answer:
Katyanochek1 [597]3 years ago
4 0

Answer:

Income elasticity = 2

Normal good

Explanation:

Below is the given values:

Percentage decrease in consumers income = 10%

Percentage decrease in quantity demanded = 20%

Use the below formula to find the income elasticity:

Income elasticity = % change in quantity demanded / % in income

Income elasticity = -20/-10

Income elasticity = 2

Since the elasticity is 2 that means good is normal good.

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The sustainable growth rate of a firm is best described as the _____ growth rate achievable _____.
galben [10]

The sustainable growth rate of a firm is best described as the Minimum growth rate achievable assuming a 100percent-person retention ratio.

This is further explained below.

<h3>What is a sustainable growth rate?</h3>

Generally, PIMS identifies expansion as a key factor in the achievement of organizational goals. Market share, market growth, the marketing expenditure to sales ratio, and a commanding market position are just a few of the 37 factors cited as crucial to a company's success.

In conclusion, A company's sustainable growth rate may be most accurately stated as the lowest growth rate that may be expected with maintaining a retention ratio of 100 Maximum rates of expansion that may be achieved with an infinite amount of debt funding.

The lowest rate of growth can be achieved by the company while keeping the equity multiplier unchanged.

Read more about the sustainable growth rate

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3 0
1 year ago
Which of the following would not be addressed in an EAP?
aleksley [76]
It is B: what to do in case of a fire


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3 years ago
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PLEASE HURRY ON THIS ONE!!!!
jonny [76]
Joint venture is when two companies ask to do part or full of their job.
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4 years ago
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Answer the questions below regarding the heating of a house in the Midwestern United States. Assume the following.
Mandarinka [93]

a. The calculation of the requirements is as follows:

i. The cubic feet of natural gas required to heat the house for one winter is 160,000 (160,000,000/1,000).

ii. The cost of heating the house for one winter is $800 (160,000,000/1,000,000 x $5).

b. To conserve heat energy, lowering the cost of heating the house, the residents could take the following actions:

  • Turn off lights, computers, televisions, video games, and other electrical equipment when not in use.
  • Buy equipment with less energy consumption (that is, energy-saving appliances).
  • Adopt renewable energy sources.

c. i. Two pollutants resulting from burning coal are <u>Sulfur dioxide (SO2) and Nitrogen oxides (NOx)</u>.

ii. One method to reduce the impact of coal energy is carbon capture. Carbon capture separates the CO2 and recovers it for underground permanent storage or sequestration.

<h3>Data and Calculations:</h3>

Square feet of the house's living space = 2,000

Heat per square foot = 80,000 BTU

Total heat required = 160,000,000 BTU (2,000 x 80,000)

Cost of natural gas per thousand cubic feet = $5

Cubit foot of natural gas = 1,000 BTUs of heat energy

Total cost of heating = $800 (160,000,000/1,000,000 x $5)

Learn more about the cost of heating here: brainly.com/question/3858176

7 0
3 years ago
Haidy consumes Pepsi exclusively. She claims that there is a clear taste difference and that competing brands of cola leave an u
timama [110]

Answer:

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Explanation:

This is absolutely incorrect as there is no connection between how people pay for product and the brand. It is called a blind critics.

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The competitors can only get into the market and get its shares if their quality and satisfactory rate of their product is also good as their rivals product.

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