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Katena32 [7]
3 years ago
7

For which of the following goods is the income elasticity of demand likely highest?

Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

c. boats 

Explanation:

Income elasticity of demand measures how quantity demanded responds to changes in price.

Goods that are considered necessities usually have the lowest income elasticity of demand. Therefore, the income elasticity of demand for doctors visits and natural gas would be relatively low.

The income elasticity of demand for luxury goods are usually high. Therefore, the income elasticity for boats would be high.

Goods whose price is small compared to income would have a low income elascitiy. Therefore, the income elasticity for hamburgers would be low.

I hope my answer helps you.

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Answer:

The answer is "Option B"

Explanation:

In this question, Higher incomes and profits are correct because it minimizes the congestion operating frequency by 10%. It takes a long time and decreasing the processing, which would have had an impact on revenue and profit directly. Performance would grow, generating additional sales, that's why choice b is correct.

3 0
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A corporation's board of directors are - the sole owners of the corporation. - control the day-to-day activities of the corporat
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Answer:

- control the day-to-day activities of the corporation.

Explanation:

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2 years ago
Boyd Docker engaged in the following activities in establishing his photography studio, SnapShot!:
WARRIOR [948]

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1. Dr Cash $8,290

Cr Common stock $8,290

2. Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

3. No Entry $0

No Entry $0

Explanation:

Preparation of the entries to record the transactions

1. Based on the information given if he deposited the amount of $8,290 of his own money into this account in exchange for common stock the journal entry will be:

Dr Cash $8,290

Cr Common stock $8,290

(Being To record the investment)

2. Based on the information given in a situation where he Purchased photography supplies at a total cost of the amount of $980 which means that if The business paid the amount of $390 in cash, and the balance is on account the journal entry will be:

Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

($980-$390)

(Being To record the purchase of supplies)

3. Based on the information given in a situation where he Obtained the estimates on the cost of photography equipment from the three different manufacturers which means that no transaction or entry will be recorded.

No Entry $0

No Entry $0

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3 years ago
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Strategies for each functional area
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3 years ago
(Will mark BRAINLIEST) Can someone explain what exactly this question is asking?:
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The question asks to describes any two methods of searching a job when you actually need for a new job. Also to search jobs you can prefer,

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<u>Explanation:</u>

Before you start chasing for a new position you've set aside some effort to clean your resume, take a stab at scanning for openings online by visiting the "Professions" page on different organizations' website pages, perusing different quest for new employment destinations, or experiencing the activity board facilitated by your college. Online occupation sites are regularly called work banks.

They are a decent method to secure current position declarations that meet your criteria. Secure position advertisements on the web, in work banks, on organization sites, at work fairs, and the sky is the limit from there. At that point follow the tips to react to those openings. Address bosses to extend your system and find out about conceivable employment opportunities.

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