Answer:
d.Raise the prices at both restaurants, but raise the price of Bob's Breakfast more.
Explanation:
Price elasticity is a measure of responsiveness of quantity demanded to changes in price.
When price is inelastic change in price results in small or no change in demand.
When price is elastic a small change causes a large change in demand.
If the owner increases price for Nancy's Famous Breakfast and places a even higher price for Bob's Breakfast, the customers that patronise Bob's Breakfast will reduce. Those that stay will pay higher price.
More people will buy from Nancy's Famous Breakfast also at an increased price.
C passing down from generation to generation is genetics
Answer:
The value of disposable income is $4,207
Explanation:
Dispossable income refers to the addition of income of an individual minus his taxes.
Therefore, the value of the value of disposable income can be calculated as follows:
Disposable income = Proprietors income + Compensation of employees + Rental income + Net interest + Transfer payments - Social insurance taxes - Personal taxes = $150 + $4,080 + $31 + $147 + $66 - $222 - $45 = $4,207
Therefore, the value of disposable income is $4,207.
Answer:
Debit Supplies $8,900; Credit Cash $8,900
Explanation:
Based on the information given the general journal entries that Specter Consulting will make to record this transaction assuming the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts will be :
Debit Supplies $8,900
Credit Cash $8,900