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
Andreas93 [3]
2 years ago
12

An Engel curve:________.

Business
1 answer:
creativ13 [48]2 years ago
3 0

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods  

You might be interested in
A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate
Neko [114]

Answer:

A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate more _variation__ than a firm pursuing a strategy based on low cost and high volume

Explanation:

The variation of the product means any change which changes the "physical attributes of an item" or the terms in which it is marketed "as altering the colour of a sugar pack. This is achieved by companies to increase their own market share.

8 0
3 years ago
The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Eac
vladimir2022 [97]

Answer:

The Carolina Christmas Tree Corporation’s total revenue is $32,500.

Explanation:

The total supply of Carolina Christmas Tree Corporation (Q) = 500

The selling price of a tree (P) = $65

The total revenue (TR)of Carolina Christmas Tree Corporation = Total supply (Q) * Selling price of a tree (P)

TR = 500 * $65 = $ 32500

Therefore, the answer to the given question is option C = $ 32,500

3 0
3 years ago
You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you w
blondinia [14]
The first would would be $5,500 and then the last space would be $5,250
6 0
3 years ago
The federal funds rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the F
WARRIOR [948]

Answer: decreases

                                                                         

Explanation: The following practice is done by the central bank in the situation of inflation when there is an excess supply of money in the economy.

The central bank tries to decrease the funds by selling the govt bonds to the banks. This results in decrease in funds from banks as they have to buy such bonds from their respective funds.

6 0
3 years ago
Which activity is an example of a time-based goal? A. Catherine plans to learn to play the guitar in the next few years. B. Davi
frez [133]

Answer: C. Farah wants to obtain her college degree in four years

A time bound goal has a specific, measurable time-frame within which a specific goal has to be achieved; it can also set as a specific target to be achieved at periodical intervals.

Amongst the options given, only option C has a specific, measurable and well-defined time frame within which a specific goal is set to realized.


6 0
3 years ago
Read 2 more answers
Other questions:
  • Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells 9,000 widgets a month. Widge
    9·1 answer
  • The marketing channels for services are usually Group of answer choices characterized by two to three intermediaries. complex an
    9·1 answer
  • You have been asked to analyze the Value Net of the craft brewing and distilling industries in your state, and you have observed
    13·1 answer
  • In the context of SWOT analysis, marketers can identify strengths and weaknesses by focusing on:
    6·1 answer
  • The work of your group would be better done in teams if the members of the team are ________.A) independentB) autonomousC) indiv
    6·1 answer
  • Explain how growing personal income is related to economic conditions.
    7·1 answer
  • The manager at the Overton Hotel in Lubbock believes that the success of the Texas Tech Red Raider Basketball team has an impact
    5·1 answer
  • A person performs a cost-benefit analysis in order to:
    11·1 answer
  • Despite potential benefits the disadvantages of a matrix structure include which of the following
    5·1 answer
  • Explain the importance of knowing dependent and independent demand models to companies.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!