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mash [69]
4 years ago
9

The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food

. if income doubles, the amount spent on food will be:
Business
1 answer:
Anna11 [10]4 years ago
8 0
Obviously, it becomes half so it'll be 10%
Forgive me if its wrong. im answering as best as i can.
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What do some of hansberry's word choices in describing the setting tell us about the family?
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We can see it on this line: 
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3 years ago
Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales pri
babunello [35]

Answer: 6250

Explanation:

From the question, we are informed that Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales price is $50 per unit. santiago desires to earn an annual profit of $34,000.

The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:

Contribution margin ratio = (Sales price - Variable cost)/Sales price

= (50-34)/50

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3 years ago
Assets are debts or money you owe to others. answer true false
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Asset are things you own, Debts are things you owe.
Hope that Helps :3
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