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deff fn [24]
4 years ago
11

Manuel is a lawyer who enjoys apples and pears. suppose that the price of apples increases. as a result, the purchasing power of

manuel's paycheck is diminished. therefore, he reduces his consumption of all goods, including apples. this phenomenon is known as the effect.
Business
1 answer:
Jlenok [28]3 years ago
7 0

This phenomenon is known as the <u>"income"</u> effect.

The income effect refers to an adjustment in the interest of a decent or administration, instigated by an adjustment in the purchasers' optional wage.  

The income effect is the impact on real income when value changes - it tends to be certain and negative. Beneath, as value falls, and expecting ostensible salary is steady, a similar ostensible pay can purchase a greater amount of the great - thus interest for this (and different products) is probably going to rise.

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All of the following are types of grants except which?
jolli1 [7]

Answer:

C. Stafford

Explanation:

Grants are a form of  of financial help that is given to another individuals / organizations for a certain cause. (could be things such as educations, activism, efforts to help victims of natural disasters, etc)

Financial aid that's given though Grants does not need to be paid back by the recipient.

Stafford on the other hand, is a form of loan that is given to people who need help for their education. Unlike grants, loans need to be paid back by the recipient.

5 0
3 years ago
Read 2 more answers
Need calculation for What is the probability that the mean GPA for 64 randomly selected BYU- Idaho students will be less than 3.
Grace [21]

Answer:

Need calculation for What is the probability that the mean GPA for 64 randomly selected BYU- Idaho students will be less than 3.5?

0.016

Explanation:

1/64= 0.016

4 0
3 years ago
Barnes' Brothers has the following data for the year ending 12/31/2015: Net income = $600; Net operating profit after taxes (NOP
qwelly [4]

Answer: $490

Explanation:

Economic value added is the estimate of the economic profit of a firm. The economic value added(EVA) is also gotten when the capital charge for the raise of the firm's capital is deducted from the net profit.

Based on the above information, the economic value added will be:

= Net profit - (Total Operating capital × Weighted average cost of capital)

= $700 - ($2,100×10%)

= $700 - $210

= $490

3 0
3 years ago
How is scarcity related to competition?
Alexxandr [17]

Answer: <em>Competition is an effect of scarcity.</em>

Explanation:

In economical and dismal sense scarcity and competition are correlated, as in they are directly proportional to each other. In today's era where, the population is growing at an exponential rate and the food supply and other resources are either growing at an arithmetical rate or depleting. Therefore there is a scarcity of resources and thus the competition is increasing proportionally.

6 0
4 years ago
Lamar has just gotten a new job and is attending a company party where he will meet his colleagues for the first time. his boss
RSB [31]
<span>lamar's experience demonstrates that he is a man with short-term memory loss</span>
4 0
3 years ago
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