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kozerog [31]
3 years ago
14

Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for ro

ses is:__________
Business
1 answer:
Readme [11.4K]3 years ago
3 0

Answer:

Demand   Income    % Δ in Demand    % Δ in Income   Elasticity

500            10000

600            20000          18.18%                  66.67%             0.2727

The formula for midpoint elasticity = ((600-500)/((600+500)/2))/((20000-10000)/((20000+10000)/2)) = 0.2727

As the elasticity value is 0.2727 is less than 1, the good is slightly elastic and the good is normal good as the demand increases with the increase in income.

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Answer:

The answer is true

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Decoding is a process of interpretation and translation of coded information into a comprehensible form. it is evident that there was a problem in Carl decoding the message as what she interpreted the message was not necessarily  what Virginia meant.

8 0
4 years ago
The statement of retained earnings or the statement of stockholders' equity reconciles the net income, dividends paid, and the c
sdas [7]

Answer:

1.

Option B is the correct answer.

2.

Dividends Paid = $55 million. Thus, option C is the correct answer.

Explanation:

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The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.

2.

The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.

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4 0
3 years ago
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Answer:

The answer is Duress.

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