Answer:
income elasticity is less than one - water
income elasticity is greater than one - designer handbag
Explanation:
Normal goods are goods whose demand increases when income increases and falls when income falls.
When income elasticity is less than one it is known as inelastic demand and when income elasticity is greater than one, it is known as elastic demand,
necessity goods are examples of goods with inelastic demand. for example, water. one cant do without water as it is needed for survival. if income increases, there would be little or no change in quantity demanded
luxury goods typically have an elastic demand. as income increases, more of the good would be demanded. an example of a luxury good is a designer handbag
Answer:
$3.17
-$7.55
Explanation:
The calculation of stock price per share of Mass Computer is shown below:-
here, Stock price higher than strike price option will be exercised.
Net profit = Stock price - Strike price - Option premium
= $110.72 - $100 - $7.55
Net profit = $3.17
Stock price is lower than the strike price option will fail.
Net profit = Stock price - Strike price - Option premium
= 0 - $7.55
Net profit(loss) = -$7.55
True! :) hope this helps.
Have a great thanksgiving!! here's a turky!! ;)
Answer:
See below
Explanation:
Net income during the year
$59,000
Adjustments:
Depreciation
$27,000
Changes in current assets and liabilities
Less:
Increase in accounts receivables
($32,000)
Increase in inventories
($12,000)
Decrease in accounts payable
$25,000
Net cash flow from operating activities
$17,000
<span>The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.</span>