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3 years ago

If people bought the same market basket of goods as the average consumer again and again the:______.

Business

1 answer:

Elza [17]3 years ago

5 0

Answer:

If people bought the same market basket of goods as the average consumer again and again the: a) consumer price index (CPI) would be extremely accurate.

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Ano ang kasingkahulugan ng naalimpungatan.

topjm [15]

Im sorry , i don’t understand .
but have a good day <33

7 0

3 years ago

When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quanti

katen-ka-za [31]

Answer:

total revenue for 500 is $2500

total revenue for 400 is $2800

Explanation:

given data

price of good A = $50

quantity demanded of good A = 500 units

price of good A rises = $70

quantity demanded of good A falls = 400 units

solution

we get here Elasticity of demand that is express as

Elasticity of demand = (change in quantity ÷ average quantity) ÷ (change in price ÷ average price) .......................1

here

Change in quantity is = 400 - 500 = -100

and average quantity is = $\frac{400+500}{2}$ = 450

and change in price is = 70 - 50 = 20

average price is = $\frac{70+50}{2}$ = 60

so now we put all value in equation 1

Elasticity of demand = $\frac{\frac{-100}{450} }{\frac{20}{60} }$

Elasticity of demand = -0.67

as here the elasticity of demand is inelastic because elasticity is above -1

so about total revenue when price will increases as elasticity is inelastic

so increase in price will cause increase in revenue because revenue is maximum when elasticity = -1

and increase in price will cause increases elasticity in the absolute term and revenue will increase

total revenue = price × quantity

total revenue for 500 = 500 × 5 = $2500

total revenue for 400 = 400 × 7 = $2800

5 0

3 years ago

Which dimension of the Big Five model refers to an individual's propensity to defer to others? A) conscientiousness B) agreeable

lisabon 2012 [21]

Answer:

agreeableness

Explanation:

Emotional stability measures the ability to withstand stress.

Conscientiousness measures the ability of a person to be reliable and organised.

Openness to experience measures interests and fascination with new things and experiences.

Extraversion measures the degree to which a person likes being with other people.

I hope my answer helps you

6 0

3 years ago

Read 2 more answers

An organization accused of illegal discrimination may be able to successfully defend its employment practices by showing that th

alexgriva [62]

Answer:

a bona fide occupational qualification

Explanation:

Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.

An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.

8 0

3 years ago

Read 2 more answers

ABC, Inc., has $120,000 U.S.-source income, $80,000 of foreign source income, and $25,000 foreign taxes deemed paid. Assume that

Damm [24]

Answer:

B) $24,500

Explanation:

ABC's foreign tax credit should be $25,000, but there is a foreign tax credit limitation that it cannot exceed, that limitation would be:

[foreign income / (domestic income + foreign income)] x domestic tax liability

= [$80,000 / ($120,000 + $80,000)] x $61,250 = $24,500

Since $24,500 is lower than $25,000, then you have to take $24,500

6 0

3 years ago