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Assoli18 [71]
2 years ago
6

A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri

ce of macaroni and cheese. From this information, we can assume:
(a) macaroni is a normal good and price elasticity of demand is greater than 1.
(b) macaroni is an inferior good and price elasticity of supply is equal to zero.
(c) macaroni is an inferior good and price elasticity of supply is infinite.
(d) macaroni is an inferior good and price elasticity of demand is less than 1.
Business
1 answer:
olasank [31]2 years ago
4 0

Answer:

(b) macaroni is an inferior good and price elasticity of supply is equal to zero.

Explanation:

A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. From this information, we can assume:  macaroni is an inferior good and price elasticity of supply is equal to zero.

Inferior goods are goods whose demand decrease with increase in income, this is true in the scenario because it is stated that ''A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni demanded''

Secondly, in relation to price elasticity of supply, An elasticity of zero indicates that quantity supplied does not respond to a price change: the good is "fixed" in supply. In the scenario, it was clearly stated that there was ''no change in the price of macaroni'' Hence, the price elasticity of supply applicable to the scenario is that of no change in price which is zero.

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ICH E6 has broader requirements than FDA or HHS concerning confidentiality of medical records and access by third parties. If in
Soloha48 [4]

Answer:

They must disclose that they are entitled to having access to the medical record of the subject. This is usually disclosed in the form of an informed consent that provides access to the auditor, monitor, regulatory authorities and IRB/IEC. This is usually for verification purposes of the data and procedures used in the research. No confidentiality or data violation issues outside the law may arise by this consent.

Explanation:

6 0
2 years ago
A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. What was the percentage o
ikadub [295]

Answer:

percentage of profit is 26.3%

Explanation:

given data

purchase property cost = $300,000

time = 2 year ago

sold  property = $379,000

solution

we get here percentage of profit in relation to the cost

first we get here percentage value increase  that is

percentage value increase = \frac{379000}{300000}

percentage value increase = 1.263

percentage value increase = 126.3%

so here 1 in 1.263 represent you the original cost

so profit % = 1 - 1.263

profit % = 26.3%

3 0
2 years ago
If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0
2 years ago
Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the mont
Afina-wow [57]

Answer:

$312,000

Explanation:

Given that,

August Sales = $300,000

July sales = $330,000

Customer amounts on account are collected 60% in the month of sale and 40% in the following month.

Cash Receipts during August:

= (August Sales × 60%) + (July Sales × 40%)

= ($300,000 × 60%) + ($330,000 × 40%)

= $180,000 + $132,000

= $312,000

Therefore, the cash is budgeted to be received during August is $312,000.

8 0
2 years ago
The project scope planning processes include all of the following EXCEPT: a. how the requirements will be collected b. how the p
Maslowich

Answer:

The correct answer is C

Explanation:

Project scope is the one which is defined as the how the goals as well as objectives of the project are defined. This states the lists that goals, what the deliverables would be, the tasks required to make the deliverables, what the costs or expense for that would be and the deadlines. In short, it is the parameters of the whole project.

So, the one which will not be included in the planning process of the project scope is how the case of the business would be created.

3 0
2 years ago
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