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joja [24]
3 years ago
7

The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person fall

s from 30 loaves to 22 loaves. What is the income elasticity of bread consumption? Is bread a normal or an inferior good?
Business
1 answer:
aleksandr82 [10.1K]3 years ago
7 0

Answer:

the income elasticity of bread is 20/39 and bread is an inferior good

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What are reasons for looting?<br>​
Alika [10]

Answer:

Looting after disasters.

In armed conflict.

Archaeological removals.

Looting of industry.

Wealth redistribution

Explanation:

https://en.wikipedia.org/wiki/Looting

8 0
3 years ago
Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at yo
Ronch [10]

Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

Explanation:

There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

The second is that you would be inquisitive about the other professor and want to know more about his profile.

But in most cases the familiarity aspect happen more than the other.

5 0
3 years ago
Why there has to be two lines in a plane​
timama [110]
There must be at least two lines on any plane because a plane is defined by 3 non-collinear points.
7 0
3 years ago
On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,600. The ending i
Lyrx [107]

Answer:

a. An additional layer of $12,760 is added to the 12/31/2021 balance.

Explanation:

The computation of the inventory balance is given below:

2021 Base year cost is

=  $131,040 ÷ 1.05

= $124,800

Additional layer is

= $124,800 - $101,600

= $23,200

2022 Base year cost is

= $150,040 ÷ 1.10

= $136,400

Additional layer is

= ($136,400 - $124,800 ) × 1.10

= $11,600  1.10

= $12,760

Therefore the first option is correct

3 0
3 years ago
Why is education base of an occupation? Explain.​
irga5000 [103]

Occupational education refers to a total program of education oriented to the world of work. Occupational education should be gin to take form in the elementary school with a basic introduction to the world of work in terms appropriate to the maturity level of the students.

7 0
3 years ago
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