The uploaded question does not contain the options. The full question with the options is shown below.
Joe receives a 20 percent increase in his income from his part time job and as a consequence decreases his consumption of Ramen noodles by 10 percent. Hence to Joe, Ramen noodles are
A) a normal good with a price elasticity of demand of 0.5.
B) a substitute good with a cross elasticity of 0.5.
C) a good with a price elasticity of supply of -0.5.
D) an inferior good with an income elasticity of -0.5.
E) an inferior good with an income elasticity of -2.0.
Answer:
D) An inferior good with an income elasticity of -0.5
Step-by-step explanation:
Income elasticity is calculated by finding the negative 50% change in demand.
Income elasticity = -0.5
The reduction in demand for Ramen noodles due to the increase in income indicates that Ramen noodle is an inferior good that was only purchased because of Joe's meager income.
45 divided by 8 is 5 r. 5. You can write this like 5 5/8 too.
Answer:
Step-by-step explanation:
Let x represent the number of adult tickets that were sold.
Let y represent the number of children tickets that were sold.
The auditorium can hold no more than 200 audience members. This means that
x + y ≤ 200
An adult ticket costs $9 and a child's ticket costs $4. The students would like ticket sales of at least $1300. This means that
9x + 4y ≥ 1300
These are the set of inequalities that represents the situation.
Answer:
445.5min=595²ft
Step-by-step explanation:
y=0.9x
y=0.9*495
y=445.5
What must have motivated the behavior of the Investor to commit to such a large stock is; Option C: High Total Earnings
<h3>How to know the value of investing in stocks?</h3>
A) Low real returns; This cannot be his motivation to buy large shares because real return is what is earned on an investment after accounting for taxes and inflation. Thus, the lower, the less encouraging to investors.
B) Higher shares costs; This only means that the share cost is currently high which indicates strength of the company but it does not guarantee that it will scale up at a very fast rate again.
C) High total earnings; Thus would be an encouragement to the investor because the higher the total earning potential of an investment, the more the profitability and the more attractive to others.
Read more about Stock Investments at; brainly.com/question/25818989
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