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Marina86 [1]
3 years ago
13

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

c chips and instead eats a name brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips.
Business
1 answer:
max2010maxim [7]3 years ago
8 0

Answer:

-4 units

Explanation:

Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units

Blake's income elasticity of demand is -4 units.

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Globalization is the process of
Gwar [14]

Answer:

Connecting the world over time

Explanation:

Is the process of interaction of businesses and exchanges worldwide.

7 0
3 years ago
Ellen, a manager at a marketing firm, noticed that one of her subordinates, who is usually good-natured, has been moody, irritab
ASHA 777 [7]

Answer:

b. burnout

Explanation:

-Depression  is an illness that makes people feel sad and without interest in performing activities that they used to do.

-Burnout  is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.

-Insomnia  is when a person has a problem to fall sleep and people feel that they are not able to rest.

-Occupational disease is an illness that is caused by the conditions in your job.

According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.

6 0
3 years ago
15. If, in the economy described, government spending increases by $200 million, what will be the associated change in equilibri
iris [78.8K]

Answer:

$200 (million)

Explanation:

If the government spending increases by $200 million, then associated change in equilibrium income will be $ 200 million, assuming that Marginal Propensity to Consume (MPC) is 1

6 0
3 years ago
Match the job descriptions with the job titles.
Marina CMI [18]

Answer:

See below

Explanation:

The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;

<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>

The claim adjuster gathers reports and facts to the insurer.

<u>Certifies the financial record of the business-</u><u> Auditor</u>

An auditor ensures the reports and records are well examined in an organization.  He or she verify the assets and liabilities.

<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>

Public relations help in building trust and creating awareness about the organization.

<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>

cargo and flight agents ensure that shipments are delivered on time, and fees are collected.

6 0
3 years ago
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of
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A corporation has $640,000 in sales, $23,000 in net profit after taxes, a 4.17total asset turnover, and a1.67 equity multiplier. response is9%.%

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by100. For example, Return on Assets is $23,000*2.5by640000*100 Return on Assets is $57,500/640000*100 Return

Learn more about equity here.

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8 0
2 years ago
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