<span>At downtown market, napkins price per
piece is $2.29/300 or 0.76 cents per piece. At super save, it is $1.49/200 or 0.74
cents per piece. Super save has a better buy for napkins because napkin’s price per piece is lower. </span>
Answer:
By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.
Explanation:
The formula for calculating income elasticity of demand using the midpoint method is:
income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3
when the income elasticity of demand is higher than 1, the goods are normal goods.
The depositor at a credit union is called a customer
Answer:
comparative cost pricing
Explanation:
In comparative cost pricing strategy different prices charged by different seller is presented to buyer. The buyer has freedom to choose any price option based on comparative analysis of price.
In the question given above plumbing firms have given their prices to Rhonda and she chose lowest price which can be explained by comparative cost pricing.
<span>This type of agreement would be called a consideration. This is an agreement that provides a type of value to both parties involved and promises a certain performance by one party to the other. In this case, one thing is given for another, the money for the car.</span>
