Answer:
A decrease in consumers income would decrease the demand for a normal good.
An increase in the price of a normal good would decrease the quantity demanded of the good.
An increase in consumers' income would decrease the demand for a normal good, and An increase in the price of a normal good would decrease the quantity demanded of the good, are correct statement. Hence, option A and C are correct.
What is consumers' income?After-tax consumer income is the amount that can be deducted. It can also be defined as an increase in wealth, most notably as a result of work or investment.
An individual's personal income is the amount of money received. After-tax income is the net income after all applicable taxes have been deducted.
Consumer income levels are important for businesses because they influence how much money people have left over after paying their taxes and living expenses. Income is affected by employment and unemployment rates.
Thus, option A and C are correct.
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A cost that includes both fixed and variable cost components is called a:______a. mixed cost.b. step-variable cost.c. composite cost.d. curvilinear cost.e. differential cost.
Answer:
The answer is A. Mixed cost
Explanation:
A mixed cost is an expense that has attributes of both fixed and variable costs. In other words, it’s a cost that changes with the volume of production like a variable cost and can’t be completely eliminated like a fixed cost.Ray is interested in studying economic growth of his country. He pulled statistics for the GDP of his country, Country G, and found it's present GDP to be $345,521. What will Country G's GDP be in 3 years with an annual growth rate of 9%
The Country G's GDP be in 3 years with an annual growth rate of 9% will be $447,460.
What is GDP?The full form of GDP is Gross Domestic Product which refers to the monetary value of the goods and services produced in the country for the given period of the time.
In above scenario, The GDP of the Country G is $345,521. Thus in order to calculate the Country G's GDP for the 3 years with an annual growth rate of 9% following formula is to be used:-
Future GDP = GDP at starting date×(1+growth rate of GDP)years
=$345,521×(1+0.09)3
=$447,460
Thus GDP at the end of the 3 years will be $447,460.
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Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for Group of answer choices only the contractual obligations. all of the obligations, jointly but not severally. nothing. all of the obligations, jointly and severally.
In partnership obligations that Olivia does not participate in or ratify, she would be liable for all obligations, jointly and severally.
What do you know about partnership agreement?An agreement among or extra commercial enterprise companions. The companions use the settlement to define their rights responsibilities, earnings, and loss distribution is referred to as a Partnership Agreement.
Hence, In Partnership obligations that Olivia does not participate in, or ratify, she would be liable for all of the obligations, jointly and severally.
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The monthly expenses acquired when running a business are called _____. selling expenses business expenses operating expenses purchasing expenses
Answer:
operating expenses
Explanation:
trust
List and describe the 3 primary ways in which banks make
money available to consumers.
Answer:
Currently, the majority of large banks offer deposit accounts, lending, and limited financial advice to both demographics. Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.
Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.
Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
Explanation:
What is the for an individual or organization with a potential interest in buying something a company has to sell?
An individual or organization with a potential interest in buying something a company has to sell is called as Target Market.
What is target market?A target market is a group of people with some shared characteristics that a company has identified as potential customers for its products. Identifying the target market informs the decision-making process as a company designs, packages, and markets its product.
A target market may be broadly categorized by age range, location, income, and lifestyle. Many other demographics may be considered. Their stage of life, their hobbies, interests, and careers, all may be considered.
Thus, An individual or organization with a potential interest in buying something a company has to sell is called as Target Market.
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4) Match the economic system to its definition. (2 points)
Market economy / mixed economy / traditional economy / command economy
Choices:
- an economy where a central government determines both the allocation of resources and the production of goods and services.
- an economy that takes element from both a market economy and a command economy to allocate resources and determine the production of goods and services
- an economy where culture determines both the allocation of resources and the production of goods and services
- an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services
Matching the various economic systems (Market economy, mixed economy, traditional economy, and command economy) to their correct definitions follows:
What are the types of economic systems?The economic systems with their correction definitions include:
1. Market economy - D. an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services.
2. Mixed economy - B. an economy that takes elements from both a market economy and a command economy to allocate resources and determine the production of goods and services.
3. Traditional economy - C. an economy where culture determines both the allocation of resources and the production of goods and services.
4. Command economy - A. an economy where a central government determines both the allocation of resources and the production of goods and services.
Thus, the economic system has been matched to its correct definition.
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Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following
a. Production Possibilities frontier
b. Efficiency
C. Underutilization
The production possibility curve shows the different combination for output that can be produced from the resources and technology.
What is a PPC?It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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the two categories of cost comprising conversion costs are
Answer:
Explanation:
Direct labor and factory overhead
kaylee is so afraid of snakes that she avoids most outdoor activities and even refuses to spend time in her own backyard alone. kaylee appears to suffer from:
Based on the described scenario, it is most likely that Kaylee is suffering from specific phobia.
What is a Phobia?This refers to the fear of something that is sometimes irrational and causes weird behavior and is diagnosed to be a psychological problem.
Hence, we can see that based on the fact that Kaylee is scared of snakes and as a result, avoids outdoor activities, and does not even spend time alone in the backyard, she likely suffers from a specific phobia.
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The quick ratio provides a more reliable measure of liquidity than the current ratio especially when the company's inventory takes Blank______ to sell.
Among the securities issued by a firm, the after-tax cost of hybrids (bonds with warrants or convertible bonds ) is
Answer:
yes
Explanation:
yes
What are some typical expenses for a person just starting out in a rental apartment?.
Answer:
down payment, groceries, and repair bills.
Explanation:
trust