Answer:
1
Explanation:
Income elasticity is how the quantity demanded of a product changes due to a change in the income of an individual.
The formula for calculating Income elasticity of demand is, percentage change in quantity demanded divided by the percentage change in income.
Here the income of Arista increases but the price of gizmos remains the same, that is why the 10% now will be more than what it used to be before the increase in income.
Hope this helps. Good luck.
The Postal Service Mail Carrier, Foreign Service Specialist, US Army Member are the examples of Government and Public Administration careers.
<h3 /><h3>What are government and public administration careers?</h3>
- The Government and Public Administration bunch consists of occupations in law enforcement and security offices.
- The military falls under this cluster. Some public service offices, especially in the administration, separated in this cluster.
- They include municipal clerks, postal service clerks, tax assessors, mail carriers, and air crew members.
- Jobs in the government and public administration career bunch come to planning, managing, and providing government assembly and administrative and regulatory services.
Therefore, Postal Service Mail Carrier, Foreign Service Specialist, US Army Member are the best examples of Government and Public Administration careers as it requires government control.
Learn more about Government and Public Administration careers, refer:
brainly.com/question/646839
Answer:
Answers to the statements are given below
1. Ed's revenue from selling his most popular arrangement is 45
2. Ed's total production costs for one flower arrangement are 22
3. Ed's profit on each arrangement is 23
Explanation:
Answer:
more frequently.
Explanation:
Both accounting and finance are extremely important for managers to make the best possible business decisions. The difference between accounting and finance is that accounting relies on past events, while finance has to anticipate to future events. One without the other is useless, since only knowing what happened before and not getting anything new out of that information doesn't help, and finance uses the accounting statements as their basic information.
In order for a manager to have the most reliable and current information, the financial statements must be done fairly frequently, every month or every two months at most. Legally the IRS only requires one set of financial statements per year, but that doesn't mean they can't be done more frequently. Before making a decision, you must know where your company is standing and the only way to know that is through financial statements.
