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AysviL [449]
2 years ago
5

During a recession, median income falls by 15%. if the demand for grapes falls by 12%, grapes are a(n) _____ good with an income

elasticity of demand of
Business
1 answer:
IgorLugansk [536]2 years ago
7 0
<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
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A number of things organizations can do prior to change to prepare employees include which of the following?
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Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

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An arm loan has a 4.00% start rate, and it is time for the first adjustment to be made. it has a periodic cap of 1% and a lifeti
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The rate after its first adjustment is 5%. The ARM adjustment would be controlled by the periodic cap, because the "true rate" or "fully-indexed rate" is 6.00% (1%+5%). Because the periodic cap prevents the start rate from moving any more than 2% at any given adjustment, the first move can only go as high as 5.00%.

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To sit next to her mother at a restaurant, diana pushes her little brother mark out of the way. what type of aggression is this?
DENIUS [597]
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Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay annual payments starting one
Licemer1 [7]

Answer:

Periodic payment = $3,881.88 (Approx).

Explanation:

Given:

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Computation:

Present\ value\ of\ annuity = periodic\ payment[\frac{1-(1+r)^{-n}}{r} ]

36,500 = periodic\ payment[\frac{1-(1+0.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-(1.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-0.388826524}{0.065} ]\\\\36,500 = periodic\ payment[\frac{0.611173476}{0.065} ]\\\\36,500 = periodic\ payment[9.40266886 ]\\\\periodic\ payment = 3,881.87658

Periodic payment = $3,881.88 (Approx).

4 0
2 years ago
According to Salman Khan of Khan Academy, simplifying assumptions in economic reasoning
SSSSS [86.1K]

Answer:

Explanation:

According to Salman Khan of Khan Academy, he states that simplifying assumptions in economic reasoning can cause various effects. Such as it helps you clarify your thinking, as well as being dangerous due to the fact that  they may be wrong or completely irrelevant. These assumptions may also allow you to prove things based solely on the assumptions.

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