Managers do not need to motivate employees to want to do their jobs efficiently and effectively.

If Jack bought 12 DVDs last year when his income was $40,000 and he buys 14 DVDs this year when his income is $43,000, then his

gizmo_the_mogwai [7]

Answer:

His income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

Explanation:

In this question, we use the formula of income elasticity of demand which is shown below:

Income elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in income

where,

Percentage change in quantity demanded is calculated by

= New Quantity - Old quantity ÷ New Quantity + Old quantity

= 14 - 12 ÷ 14 + 12

= 2 ÷ 26

= 0.07692

Percentage change in income is calculated by

= New income - Old income ÷ New income + Old income

= $43,000 - $40,000 ÷ $43,000 + $40,000

= $3,000 ÷ 63,000

= 0.47619

Now put these values over the above formula

So, the answer is = 0.07692 ÷ 0.47619 = 0.16

Hence, his income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

5 0

3 years ago

Mr. alvarez studied the soap products on the store shelf. he looked for products with a familiar logo. this is an example of whi

cricket20 [7]

Answer:

brand image

Explanation:

4 0

3 years ago

Read 2 more answers

On May 9, 2013, Calvin acquired 250 shares of stock in Aero Corporation, a new startup company, for $68,750. Calvin acquired the

mash [69]

Answer:

tax consequences = $11750

Explanation:

given data

Calvin acquired = 250 shares

startup company = $68,750

paid-in capital = $900,000

Calvin sold = $7,000

solution

we know Conditions according to Section 1244 that is Applicable for the Small Business Stock is here as

(a) Stock is directly purchase from the corporation

(b) Ordinary Loss Treatment is limited to the $50000 or $100000 for the Joint filing

(c) Loss may be from the sale of stock or the worthless stock

(d) and more than $50000 loss is treated capital loss

so here we know that

Calvin Ordinary Loss would be = $50000

remaining loss = $11,750

long term capital loss will be = $68750 - $7000

long term capital loss = 61750

tax consequences= $61750 - 50000

tax consequences = $11750

4 0

3 years ago

At L=64, K = 82, the marginal product of labor is 10 and the marginal product of capital is 20. What is the marginal rate of tec

nordsb [41]

Answer:

-0.5

Explanation:

Marginal rate of technical substitution (MRTS) refers to the rate at which the inputs are substituted for one another in a production of particular good.

Given that,

The marginal product of labor = 10

The marginal product of capital = 20

Hence,

$MRTS=(-)\frac{MP_{L} }{MP_{K} }$

$MRTS=(-)\frac{10}{20}$

= - 0.5

Therefore, the marginal rate of technical substitution is - 0.5.

7 0

3 years ago

A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid

sasho [114]

Answer:

Bank Certificate of Deposit (CD)

Explanation:

For the 65-year old widow in this scenario, the best recommendation would be a Bank Certificate of Deposit (CD). A traditional Bank CD is a time-bound deposit, in which you enter into an agreement to let the bank use your money for a fixed period of time, and in return, the bank pays you a higher interest rate than it would for a traditional savings account. Thus providing a good income with very low risk.

4 0

3 years ago