It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .
Answer:income elasticity of demand for Americano coffees = 0.55
Explanation:
Income Elasticitity of demand = percentage change in quantity demanded / Percentage change in income
which can easily be calculated using
Income Elasticitity of demand =(New quantity demanded - old quantity demanded/ old quantity)/(New Income - Old income /old income.
new income = $28
old income=$22
new quantity= 3450
old quantity=3000
Bringing down our formulae
Income Elasticitity of demand =(New quantitry demanded - old quantity demanded/ old quantity)/(New Income - Old income /old income.
= {(3450-3000) /3000} /{(28-22)/22} =(450/3000) /(6/22) = 0.15/0.2727=0.55
income elasticity of demand for Americano coffees = 0.55
Here , we can see that we have a positive income elasticity of demand therefore Americano coffees is a normal good as an increase in income will lead to a rise in demand. Also, the income elasticity of demand for this commodity is less than 1, therefore it is also a necessity good.
Answer:
Land 112,980
Explanation:
The driveway and parking lot are not part of the land. That is a decision of the company and will be applied on a diferent account, Parking lot
All the other cost are required to acquire the land and leave the land ready to use.
The salvage for the demolition decrease the cost for the land.
Purchase 84,500
demolition 9,100
salvaged materials (1,880)
atorney's fee 1,380
broker's fee 4,980
architect's fee 14,900
Total 112,980
I think it's most likely to be A (better working conditions), free trade agreements exist when countries agrees to trade imports/exports with no barriers such as tariffs and quotas, e.g. ASEAN.
I hope to helped you!
Answer:
C. Playgrounds are rival in consumption, and the optimal number of playgrounds is three.
Explanation:
The computation is shown below:
For 3 playgrounds, total willingness to pay is
= 200 + 1600 + 800
= 2600 > Marginal cost (2250).
And,
For 4 playgrounds, total willingness to pay is
= 100 + 1400 + 700
= 2200 < Marginal cost (2250).
Therefore, 3 playgrounds should be considered as an optimal and playground would be rival
