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Amiraneli [1.4K]

2 years ago

8

A demand curve that is horizontal indicates that the commodity ______ while a demand curve that is vertical indicates that the c

ommodity ________

1 answer:

ipn [44]2 years ago

5 0

Answer:

1. has a large number of substitutes

2. Do not know the answer.

Explanation:

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If the level of incomes rises for high-income workers but doesn't change for low-income workers, then poverty will not change an

Aloiza [94]

If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."

<h3>What is poverty?</h3>

Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.

According to the World Bank, poverty is as follows:

Hunger is poverty.
Absence of shelter is poverty.
Being sick and unable to visit a doctor is poverty.
Being illiterate and lacking access to education are both aspects of poverty.
Living day by day and not having a job are all signs of poverty.

Some faces of poverty is also-

Poverty has been characterized in a variety of ways and takes on several forms that vary from place to place and over time.
Most of the time, people desire to get out of poverty.
Therefore, poverty is a call to action for both the wealthy and the poor, a call to alter the world so that more people may have access to food, shelter, education, and healthcare, as well as protection from violence and a voice in local affairs.

Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.

To know more about factors cause poverty in low-income nations, here

brainly.com/question/1985270

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7 0

1 year ago

Brand equity is the: Question 3 options:

natali 33 [55]

Answer:

d) association a consumer places in a brand with an organization.

Explanation:

Brand equity referes to the commercial value of a brand that a costomer perceives from the brand name. it is the value associated with the brand and not its product or services.

8 0

3 years ago

If any dispute between the parties arises regarding the deposited escrow money, the sponsoring broker should?

Ksivusya [100]

The sponsoring broker should not release the money without a written release from both parties.

If there is any dispute between the parties arises regarding the deposit of Escrow money, the sponsoring broker should not release the money without a written release from both parties or both parties' assigned agents.

In the event a dispute arises over whether or not the earnest cash should be again (for instance, if the seller argues that the purchaser did not notify the seller in a well-timed manner of the cause to return out of the settlement), the escrow holder will hold to keep the earnest money till the dispute is resolved.

The two important factors for a legitimate sale escrow are a binding agreement/agreement between buyer and seller and the conditional shipping to an impartial third party of something of fee, as described, which generally consists of written gadgets of conveyance (provide deed) or encumbrance.

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6 0

1 year ago

Stockmaster Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the begi

KonstantinChe [14]

Answer:

Explanation:

Forming

Estimated fixed manufacturing overhead $27,000

Estimated variable manufacturing overhead ($1.10*5,000) $5,500

Estimated total manufacturing overhead cost $32,500

Assembly

Estimated fixed manufacturing overhead $10,500

Estimated variable manufacturing overhead ($2.80 × 5,000) 14,000

Estimated total manufacturing overhead cost $24,500

Now we need to add these two numbers ($32,500 + $24,500 = $57,000) in order to identify plantwide predetermined manufacturing overhead rate

Estimated total manufacturing overhead cost $57,000

Estimated total machine hours 10,000

Predetermined overhead rate $5.70 [57,000/10,00]

The overhead applied to Job C:

Overhead applied to job C = Predetermined overhead rate x Machine-hours incurred by C

= $5.70 * (3,400 + 2,000)

= $5.70 x (5,400)

= $30,780

Job C’s manufacturing cost:

Direct materials $11,200

Direct labor cost $21,900

Manufacturing overhead $30,780

Total manufacturing cost $63,880

The selling price for Job C:

Total manufacturing cost $63,880

Markup (40%) 25,552

Selling price $89,432

8 0

3 years ago

Blake eats two bags of generic potato chips each day. Blake's hourly wage increases from $ 9 to $ 15 , and he decides to stop ea

Tasya [4]

Answer:

The income elasticity of demand for generic potato chips=-4.00

Explanation:

Elasticity of demand can be defined as a measure of how responsive the demand for a certain good is when the price of that good or service changes. The elasticity of demand is usually negative. A negative elasticity of demand implies that the demand of a good or service reduces with an increase in price. The elasticity of demand can be measured using different methods. The mid-point method will be used in this case. The mid-point method of calculating elasticity of demand is as shown;

E=%Q/%P

where;

E=elasticity of demand

%Q=percentage change in quantity demanded

%P=percentage change in the price

And;

%Q=[(Final quantity-Initial quantity)/{(Final quantity+Initial quantity)÷2}]×100

Final quantity=0

Initial quantity=2

replacing;

[(0-2)/{(0+2)÷2}]×100=(-2/1)×100=-200%

%P=[(Final price-Initial price)/{(Final price+initial price)÷2}]×100

%P=[(15-9)/{(15+9)÷2}]×100=(6/12)×100=50%

E=%Q/%P

replace for %Q and %P

E=-200%/50%

E=-4

The income elasticity of demand for generic potato chips=-4.00

5 0

3 years ago