Answer:
This statement is true.
Explanation:
The concept of income elasticity measures a change in the demand because of change in the income of the consumer.
It is calculated as the ratio of change in demand to change in income.
A person was earning $10,000. Her income increased to $20,000.
Her consumption of macaroni decreased from 10 pounds to 5 pounds.
While her consumption of soy-burgers increased from 2 pounds to 4 pounds.
Income elasticity for macaroni
= 
= 
=
=
= -1
Income elasticity for soy-burgers
=
= 
=
= 1
So, we see that macaroni has a negative income elasticity, its demand decreases with increase in income. Macaroni is an inferior good.
Soy-burgers sow a positive income elasticity. Their demand increases with increase in income. They are normal goods.
False.
When the rates are high you have to pay more money to borrow
Answer:
The unemployment rate is 12.5%
Explanation:
The formular for solving unemployment rate is:
Number of unemployed persons/ Total number of civilian force × 100
The number of unemployed persons is 6 million
The total number of civilian force is 6milllion + 42 million = 48 million
Therefore unemployment rate is
6/48 ×100 = 12.5%
Thus, the unemployment rate is 12.5%
Answer:
d.an unfavorable change in the efficiency of using fixed assets to generate sales.
Explanation:
Since as we can see in the given situation that there is the reduction in the fixed asset turnover ratio i.e. it is reduced from 3 to 2.2 this means that there is a change i.e. unfavorable or non-favorable with respect to the efficiency of applying the fixed asset in order to producing or generating the sales
Therefore the option d is correct
Answer:
The correct answer is c) undifferentiated targeting strategy.
Explanation:
An undifferentiated targeting strategy considers all possible buyers within the same reference group, which means that it does not determine specific conditions of a group of consumers to target it. Traditional marketing bases its strategy on the differentiated market, after in-depth studies about people's motivations, tastes, needs, etc. In this case Laelle does not use a specific strategy for the children who are supposed to be the main consumers, since for them it is indifferent if it is a child or adult who consumes their products.
