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VikaD [51]
3 years ago
15

In the base year the average family spent 25% of its income on Good X, 25% on Good Y, and 50% on Good Z. Over the second year th

e prices of Goods X and Y were unchanged but the price of Good Z increased by 30%. Which of the following statements is correct?
A) The price index at the end of the second year was 100 + (0+0+30)/3 = 110.
B) The effect on the price index is unknown if we don't know how the average family's consumpion of the three goods changed in the second year.
C) The price index would be less than 100 if the average household responded to the relative price changes by spending all it's income on Goods X and Y and nothing on Good X.
D) Answers (B) and (C )are correct, but answer A is incorrect.
E) None of the above is correct.
Business
1 answer:
sveta [45]3 years ago
4 0

Answer:

none of the above broskie

Explanation:

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PLEASE HELP!
kiruha [24]

Answer:

Consumers should not buy from companies that don't source materials

Explanation:

Companies should never have an excuse for not sourcing for their materials responsively and responsibly. They owe an ethical responsibility as well as a duty to offer their customers qualitative products at the best price and that is most sustainable to the environment.In recent times, through the widespread use of social media and the instrument of investigative journalism, it has been able to bring to the surface, the less than responsible activities of many companies in sourcing for their interest of the public and the environment.The 2006 movie "Blood Diamond" shows an avid description of how diamonds are mined and traded in the war-torn country of Sierra Leonne depicting the violation of Human and Child rights and how is excessively enriched diamond suppliers and companies.It is clear that many companies despite the public outcry for transparency in revealing their supply chain in sourcing for their materials still chose unorthodox practices. It therefore, falls on the consumers to spend their money responsibly and make smart and credible choices with their finances by refusing to buy from companies that are not transparent with their source materials.Consumers are the life-wire of any business and the hope of any business survival rests majorly on consumer satisfaction. Researches have shown that companies are no being accountable with the natural resources are utilized and have been used to cause serious harm to people and the environment. Since the companies manage to evade adequate regulations and responsibilities, it falls on the consumers to ensure that their money serves them to the greatest value.

8 0
3 years ago
Which of the following is an advantage of consumer credit?
Ksivusya [100]

D. It can allow you to save money if you time your purchases correctly.

For example, you could purchase something when it goes on sale and pay it off with minimal interest rather than waiting to save up money and buying at full price. (the other answer choices are all disadvantages to consumers).

8 0
3 years ago
Evaluate South Africa's approach to redistribution of wealth and income ​
harina [27]

Answer:anser is

Explanation:

E

6 0
3 years ago
The first step in the budgeting process is the preparation of the
lesantik [10]
I believe its <span>the preparation of the tax</span>
8 0
3 years ago
Next year, Celebrity wishes to increase the unit selling price to $110. Sales commissions will change to 2.5% of sales. Cost of
mariarad [96]

Answer:

Celebruity has a unit contribution margin of $35 ($100-$62-$3), currently.  

Celebrity will have a unit contribution margin of $42.25 =($110-$62-$2.75) whit  the changes.

This is an increase of $10.25 in the unit contribution margin.

Sales volume remains to be the same at 150 units ($15000 / $100), so the effect on contribution margin is $1537.50 = (150 X $10.25).

The contribution margin increase equals the net income increase, $1537.5 because the costs remain the same

3 0
3 years ago
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