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Annette [7]
2 years ago
5

Consider a two-good world: good x and good y. The ICC (income consumption curve) between good x and good y has a negative slope

and the Engle curve of good x has a positive slope. Which of the following statements is false?
a. Good x is a normal good.
b. Goody is an inferior good.
c. The Engle curve for good y has a negative slope.
d. The income elasticity for good y is negative.
e. none of the above.
Business
1 answer:
Art [367]2 years ago
6 0

Answer: none of the above.

Explanation:

The Engle curve shows the relationship that takes place between the income of a consumer and the quantity of a particular good purchased.

From the question we are informed that the income consumption curve between good x and good y has a negative slope, this implies that good Y is an inferior good and that it has a negative income elasticity.

Also, since the Engle curve of good X has a positive slope, it implies that good X is a normal good.

Therefore, the answer to the question is "none of the above" as all options are true.

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mote1985 [20]

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2) Volunteers must abide by all the rules and laws for alcoholic beverages in the state where an event will take place, for example, some states or cities may require the volunteer to get a one time permit to serve alcohol.

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4) Volunteers must observe the ages of the guest. It might be hard to ask guests for their ID, however, if in doubt request for ID before serving alcohol, and if in trouble, reach out to management, or your superior.

5) importantly, Volunteers must not serve alcohol to minors because this might land you in jail.

3 0
3 years ago
Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What
Svetlanka [38]

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

<u>So we build the following equation:</u>

300,000 (1+r)^{19} =1,000,000

(1+r)^{19} =1,000,000 \div 300,000

r=\sqrt[19]{1,000,000 \div 300,000}-1

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

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3 years ago
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vladimir1956 [14]

Answer:

The correct answer is (D)

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Answer:

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I would assume it's a bank account...


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