Answer:
a. positive, so Joan considers hamburger to be an inferior good.
Explanation:
Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P
The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.
▲ Q = (60 -50/60) = 0,16
▲ Q = (40.000 - 30.000/40.000) = 0,25
Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64
Therefore, the elasticity is positive.
This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.
Answer:
advanced education
Explanation:
just got it right on edge 2020
Stockholders, employees and environmentalists are examples of stakeholders whose interests and needs often conflict.
<h3>Who is a
stakeholder?</h3>
A stakeholder can be defined as an independent individual, organization or social group that has an interest in a particular business organization (company), and as such they can either affect or be affected by the decisions taken in the business.
This ultimately implies that, stockholders, employees, investors, and environmentalists are examples of stakeholders whose interests and needs often conflict.
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A work arrangement known as "flextime," or "flexible time," gives employees control over when they begin and end their workdays.Flextime gives workers a chance to better manage their time as they strive for a better work-life balance.
Flexible scheduling, also known as flextime, is a type of work schedule that lets employees set their own hours of operation within predetermined parameters. Periodic basis; negotiated the times of start and finish. shortened workweek.
What policy governs flextime?
A schedule known as flex time, flextime, or flexible time allows employees to alter the beginning and end times of their workdays. An employee can adjust their schedule in response to life events like doctor's appointments with flextime. The employer is entirely in charge of flextime.
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If they have alot of money then it might be hard for them to save because they have enough or if they dont have alot of money then they just wanna have alot of items i do that sometimes☺
