A seven business functions that can be found in the
supermarket can namely be the following; human resources, marketing, advertising,
sales, computing, accounting and purchasing as they are important for a
business to be kept going that is why they are named as business functions.
Answer:
The answer is
Income inelastic
The chocolate is a normal good.
Explanation:
First lets find the percentage increase or decrease in income and demand.
For income:
($2,200 -$1,800)÷$1,800
=$400÷$1,800
=0.2222 or 22.22%
For the demand
(21cups-19cups)÷19cups
=0.1053 or 10.53.
A 22.22% increase in income leads to 10.53% in demand of hot chocolate. This means it is less proportional. The demand is less sensitive to his income.
The hot chocolate is a normal good. If not an increase in income would have resulted to a lower demand for hot chocolate.
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as limited and bundled choice problem.
Option d
<u>Explanation:</u>
In presidential elections, the voter has to select the candidate who is going to have the power of selecting the public services and goods that has to be financed by the tax money given by the voters.
The limited and bundled choice issue reduces the economic efficiency as a politician selects the programs with either positive or negative net benefits. The choices are bundled in that the limited set of candidates would govern over a multiple issues, and the preferences of the voters may not be perfectly aligned with any candidate.
She wants to be a news reporter.
Aggregate demand is the sum of five different sectors of economy namely consumption of consumer spending, investment, government spending, imports, and exports. For an increase of imports of foreign automobiles, the determinant that causes the change is the consumption or consumer spending.
