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creativ13 [48]
3 years ago
13

When Joshua's income increases, he purchases more prime-rib dinners than he did before his income increased. For Joshua, prime-r

ib dinners are Group of answer choices a normal good. an inferior good. an optimal good. a Giffen good.
Business
1 answer:
elixir [45]3 years ago
8 0

Answer:

a normal good

Explanation:

A normal good is one that a consumer buys normally and when there is an increase in his income there is an increase in the demand of this good.

The opposite of this is an inferior good whose demand falls sometimes to zero as income increases. Consumers choose other goods to consume as income increases.

In the given instance where Joshua's income increases and he purchases more prime-rib dinners than he did before his income increased, this is a normal good for him.

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Typically, the franchisee determines the territory to be served by the franchise. Group of answer choices True False
borishaifa [10]

The False statement about  Franchisee is " Franchisee is a method of distributing products or services involving a franchisor "

To find the False statement , we need to know more about Franchisee .

<h3>What is Franchisee?</h3>

A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.

Franchisee in Territorial Rights:

Whether or not the franchisee is granted a form of territorial protection wherein, for example, the franchisor will not grant competing franchises. Typically franchisees will be granted an operating territory within which they are required and restricted to conduct the operations of their franchise business.

The franchise agreement will define where the franchisee may operate the franchised business, who the franchisee may or may not sell products or service to and any protection that may be afforded to franchisee regarding his or her territory.

Thus, we can conclude that the above statement is Typically, the franchisee determines the territory to be served by the franchise is False.

Learn more about Franchisee on:

brainly.com/question/16826168

#SPJ4

3 0
1 year ago
Shontelle received a gift of income-producing property with an adjusted basis of $49,000 to the donor and fair market value of $
Ugo [173]

Answer:

The recognized gain or loss is -$4000.

Explanation:

Gift property value = $49000

fair market value = $35000

realized loss = sale price - fair market value

                     = $31000 - $35000

                     = -$4000

Therefore, The recognized gain or loss is -$4000.

4 0
3 years ago
The Economy Tomorrow Suppose a person who is developing an app crowdfunds $15,000 and holds this as cash for future expenses. If
Natali [406]

Answer:

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

Explanation:

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

5 0
3 years ago
Public goods are any goods provided by units of local, state, or federal governments. a. true b. false
NeX [460]

Answer:

hi

Explanation:

the answer is A) true

i hope it helps

3 0
3 years ago
A(n) _____ is an agreement regarding the use of land that "runs with the land". 2012books.lardbucket.org
VARVARA [1.3K]

The answer for the missing blank would be:

Easement

<span>An easement is wherein a person establishes an agreement to use the other person’s estate. It is more an estate with the profit, and the profit can extend when you take something from a land.</span>

7 0
3 years ago
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