Nicco is mostly like an independent contractor for Acme Solutions.
Explanation:
An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.
Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.
If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.
Answer:
A) normal; elastic
Explanation:
As we know,
1. Perfectly inelastic = When elasticity is zero
2. Inelastic = When elasticity is below than one
3. Unitary elastic = When elasticity is equal to one
4. Elastic = When elasticity is above than one
5. Perfectly elastic = When elasticity is in infinity
And, the income elasticity of demand would equal to
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (10%) ÷ (5%)
= 2%
As we see that the income elasticity of demand is more than one which represents the elastic plus in normal good it shows a positive relationship between the income and quantity demanded and the elasticity also comes in positive.
Answer:
Annual increase in price=3.3%
Explanation:
Using the cumulative average growth formula, we can compute the average annual increase as follows;
Average annual increase =( Recent price/Initial price)^1/(n-1)
Initial price =$27,358. 8
Recent price = $21,808
n=8
Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%
Annual increase in price
Answer: Ordinal scale.
Explanation:Ordinal scale is the level of measurement that gives the ranking of data without showing the degree of variation between them. It helps in identifying if object has more or less characteristic when compared to another object but does not tell the exact weight of the characteristic. Data in Ordinal scale is usually given in order of magnitude since there is no standard of measurement of differences. For example 1=most willing to 5=least willing.
