1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nevsk [136]
3 years ago
14

Miles graduates from college and his his income increases by ​$ 35 comma 000 35,000 a year. Nothing else changes. Miles Miles de

creases the quantity of hot dogs hot dogs and pretzels pretzels that he he buys and increases the quantity of gourmet ice cream gourmet ice cream that he he buys.
Business
1 answer:
lubasha [3.4K]3 years ago
4 0

Answer:

hot dogs and pretzels are inferior goods

Explanation:

From the question, We are informed about Miles who graduated from college and his his income increases by ​$ 35000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he he buys. For Miles, hot dogs and pretzels are inferior goods. In economics, inferior good can be regarded as goods that have a fall in demand whenever there is increase in consumer income, i.e increase in consumer income will bring decrease to such goods, which is opposite to normal goods.

You might be interested in
Who wants points answer in this question points for 10 points ;)
SpyIntel [72]

Answer:

OK Thanks for the free points

4 0
3 years ago
Read 2 more answers
On Jan 5, a customer returned merchandise that had been purchased earlier on credit. The original sale was for $500, and the cos
Elodia [21]

Answer:

Debit Sales Returns and Allowances $500; debit Merchandise Inventory $150; credit Accounts Receivable $500; and credit Cost of Goods Sold $150.

Explanation:

Based on the information given the required appropiate journal entry to record the return on the books of the seller, in a situation were the goods can be sold to another customer is :

Debit Sales Returns and Allowances $500

Debit Merchandise Inventory $150

Credit Accounts Receivable $500

Credit Cost of Goods Sold $150

(To record the return on the books of the seller)

6 0
3 years ago
When making college visits, you may be able to...
TEA [102]
To stay on campus or visit important places
8 0
3 years ago
Read 2 more answers
Napoleon owns Napoleon's Construction. He agrees to renovate Mrs. Cernan's bathroom. According to Internal Revenue Service (IRS)
VMariaS [17]

<em><u>a</u></em><em><u>m</u></em><em><u>m</u></em><em><u>i</u></em><em><u> </u></em><em><u>s</u></em><em><u> </u></em><em><u>f</u></em><em><u>a</u></em><em><u>v</u></em><em><u>o</u></em><em><u>r</u></em><em><u>i</u></em><em><u>t</u></em><em><u>e</u></em><em><u> </u></em><em><u>s</u></em><em><u>p</u></em><em><u>o</u></em><em><u>r</u></em><em><u>t</u></em><em><u> </u></em><em><u>i</u></em><em><u>s</u></em>

<em><u>a</u></em><em><u>_</u></em>

8 0
2 years ago
Mark, Cal and Aidan have decided to form a business where all owners will share in operating the business and in assuming liabil
Llana [10]

The partnership most likely formed is a general partnership.

<h3>What is a general partnership?</h3>

A general partnership is when two or more people come together to form a business. The people who come together to create the business are referred to as partners.

In a general partnership, all the partners are responsible for the running the company. All the partners have an unlimited liability.

To learn more about partnerships, please check: brainly.com/question/9909227

4 0
2 years ago
Other questions:
  • Select all the descriptions of NAFTA that are true.
    6·2 answers
  • Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi
    6·1 answer
  • A country has a noninstitutionalized population of 243 million people. out of that number, 38 million are under the age of 16 70
    5·1 answer
  • Corales Company acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 at the
    5·1 answer
  • The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide
    8·1 answer
  • Describes how consumers ______ purchase decisions and how they _____ and _________ of the purchased goods and services. It inclu
    15·1 answer
  • Sellers may choose not to sell in certain markets if:
    14·1 answer
  • Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $
    5·1 answer
  • Which of the following is an example of specialization?
    14·1 answer
  • A country exports $75 million worth of steel to the United States and sells it for $60 million in order to establish a new marke
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!