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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?

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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Answer:

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Explanation:

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Working capital = Current assets - Current liabilities = 199,179 - 57,096 = $142,083

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If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.

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Using this formula

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2 years ago

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Answer is given below.

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Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini

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Answer and Explanation:

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