Answer:
a. Consumption schedule
The variable on the vertical (y) axis is<u> Consumption</u> and the variable on the horizontal (x) axis is <u>disposable income</u> .
These variables are <u>directly</u> related.
On the Consumption schedule, the variables on the y axis are the different levels of consumption whilst the variables on the x are amounts of disposable income.
Consumption and disposable income are directly related because when the amount of disposable income increases, the amount that consumers can spend will increase as well as it comes from the disposable income that a consumer has.
b. Saving schedule
The variable on the vertical (y) axis is<u> Saving</u> and the variable on the horizontal (x) axis is <u>disposable income</u> .
These variables are <u>directly</u> related.
On the Saving schedule the x axis which is for the independent variable is the Disposable income whilst the dependent variable on the y axis is for Savings.
Savings and Disposable income are directly relate because when a person has more money after taxes (disposable income), they will be able to save more money.
c. Real GDP and disposable income are higher.
The Real GDP of the United States as well as disposable income have increased over the past decade which means that people are able to both consume and save more s shown above.
Answer:
Demand for business goods tends to be me more inelastic than demand for consumer goods
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Elasticity is associated with tastes and the immediate need for consumption by the economic agent. For example, medicines have a more inelastic (less price sensitive) demand because they are essential items. However, in most cases, consumer transactions are opnative for consumers. However, in the case of business transactions, there is usually a need to demand good even though the price is high. As a result, the demand for business transactions is often more inelastic than the demand from ordinary consumers.
For example, imagine the airline ticket market. A consumer travels for leisure and an executive travels for work. If the ticket is expensive, the consumer may give up the trip. This means your demand for travel is elastic (price sensitive). However, the executive has little room to give up business travel and tends to travel even if the price is higher. Therefore, business transactions are more inelastic.
ZIP Codes are not considered in determining filing order. If two names are identical, the state name in the address is considered next for indexing. The first indexing unit of local or regional government names is the name of the department. The first level of federal government names is United States Government.
The answer is the distinctive name of the department.
Answer:
6.83%
Explanation:
The computation of the accounting rate of return is shown below:
As we know that
Average accounting rate of return = Average annual operating income ÷ Initial Investment
where,
Average annual operating income is
Year 1 net cash inflow $320,000
Year 2 net cash inflow $280,000
Years 3-10 ($230,000 × 8) $1,840,000
Total net cash flows $2,440,000
Less: Total depreciation ($1,450,000)
$990,000
Divided it by years of life ÷ 10 years
Average annual operating income $99,000
So,
Average accounting rate of return is
= $99,000 ÷ $1,450,000
= 6.83%
They must have certification in radiology in order to take dental X-rays.
