If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens Rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is positive , meaning that hotel rooms at the Triple Sevens area normal good .

Answers

Answer 1

Answer:

True

Explanation:

income elasticity of demand = % change in quantity demanded / % change in income

income elasticity of demand = 16.7% / 20% = 0.83, since it is positive, then they are normal goods but not luxury goods since the income elasticity of demand is ≤ 1.

If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.


Related Questions

ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2018.Falwell's net income for the year ended December 31, 2018, was $2.5 million. The income tax rate is 40%. Falwell granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The options vest after one year. The market price of the common stock averaged $30 per share during 2018.What is Falwell's basic earnings per share for 2018, rounded to the nearest c

Answers

Answer: $4.34

Explanation:

The net income for diluted earnings per share will be calculated as:

Net income: $2,500,000

Less: preferred dividend: $300,000

= $2,200,000

To calculate the number of shares goes thus:

Total shares of stock options = 10,000 × 20 = 200,000 shares

Proceeds = 200,000 × $29

= $580,000

Shares of treasury stock will be:

= $580,000/$30

= 193,333 shares

Net shares added will be:

= 200000 - 193333

= 6667

Tge total shares for the diluted earnings per share will now be:

= 500,000 + 6667

= 506,667

The diluted earnings per share:

= $2,200,000/506667

= $4.34

PLZ HELP ASAP!!!!!
I WILL DUB THEE BRAINLIEST!!! (:
Suppose you invest $12,000 in equipment to manufacture a new board game. Each game costs $5 in materials to manufacture and you plan to sell them for $20. How many games must you make to break even? (assume that you sell all you make)

Answers

Answer:

he is correct. "Each game costs $5 to make and earns you $20, so you profit $15 from each game. Therefore you would have to make 12000/15 = 800 games to break even."

Explanation:

I want to buy a car in one year by saving at least $500 a month from my paycheck for the next year. This is a
goal.
Obroad
SMART
O neither
Next
Submit
Mark this and return
Help

Answers

Answer:

SMART goal

Explanation:

The term SMART as used in an objective setting is an abbreviation for Specific, Measurable, Achievable, Realistic, and Timely. It describes a goal that has all the components of the abbreviations. The goal has to have

Specific: Well defined, clear, and unambiguousMeasurable: With particular criteria that evaluate progress made in achieving the goalAchievable: Attainable and not impossible to accomplishRealistic: Within reach  and relevant to lifeTimely: Has a clearly defined timeline, including a starting date and a target date.

The goal, as stated in the sentence, meets the above criteria. The objective is clear; progress can be determined; it is achievable and realistic. The timelines are well defined.

When you seek to define an issue, you should try to frame it in positive terms. T or F

Answers

Answer:

True

Explanation:

When you seek to define an issue, you should try to frame it in positive terms. The given statement is True.

What is the framing message?

Without changing the justifications or characteristics of the highlighted goods, message framing involves organizing and structuring a message. Although though both framing techniques use the same objective information, Rucker and his coauthors discovered that if the same message is framed in two distinct ways, its persuasiveness might change.

A problem or issue can be presented or structured by using a framing technique. In order to elicit the most support from your audience, framing entails identifying and clarifying the background of the issue. Framing depends on your audience. Always consider your assumptions before making a decision. Try to frame an issue in a favorable light when attempting to define it.

Thus, the mentioned above-given statement is True.

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Why do you think customer service is important for a business

Answers

customer service determines how many customers you will have. poor CS makes people not want to go to your business and tell others not to either. great CS makes people love you and your products.

Answer:

It can help expand your business, if your buisness has amazing customer service your customers will be more willing to return and even refer friends/family/etc. to your business. A business's success is determined by the customers, they are the ones that purchase your goods/products and have the power to make or break a business.

What problems might robert encounter in comparing these companies to one another on the basis of their​ ratios? ​(select all the answers that​ apply.)
a. financial ratios from software companies are never very reliable.
b. the operating characteristics of firms across different industries vary significantly resulting in very different ratio values.
c. the four companies are in very different industries.
d. caution must be exercised when comparing older to newer​ firms,
e.g., utility company vs. software company?

Answers

Answer:

The likely problems to be encountered by Roberts include the following below:

b. the operating characteristics of firms across different industries vary significantly resulting in very different ratio values.

d. caution must be exercised when comparing older to newer​ firms,

e.g., utility company vs. software company?

c. the four companies are in very different industries.

Explanation:

who was the 20th president

Answers

Answer:

Of what country? Philippines or US or what??

Answer:

Kuroo Here!

Explanation:

It was James A. Garfield

Hope This Helps!! (^ '--')

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer.

Answers

Answer:

D. Donny, because his workers are not as busy to start with

Explanation:

Note: The complete question is attached as picture

Based on the information supplied. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Observation: There are diminishing returns to capital. This means in as much a more capital is added to labor, the marginal products falls.

As there are diminishing returns to capital, Donny will benefit the most as his workers were not as busy to start with.

____________________ was a major reason why the United States changed more towards a mixed market economy.


Question 8 options:


The Great Depression



The Civil War



The American Revolution



The 9/11 Attacks

Answers

Answer: The Great Depression

Explanation:

The Great Depression occured due to the fact that there was a crash of the stock market and this affected the economy of the world. The United States and European countries were majorly hit hard as there was drastic reduction in the demand of goods and services.

The Great Depression led to the government looking for new ways to tackle the challenges and one of those policies was moving towards a mixed economy which is an economy whereby the Individuals and governments are all involved in goods and services production and distribution.

according to the video what are some quality's petroleum engineers need? check all that apply.​

Answers

Hello! Your answer is shown below,

Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.

Hope this helps!

Answer:

The answer is

A) willingness to travel

E) problem-solving skills

F) patience

Explanation:

Does anybody know the answer to this question?

Answers

Answer:

The answer is A and B: professional and friendly ^^

Hope you find the answer helpful :)

Answer: Professional and Friendly

Explanation:

Incomplete and Grammatically incorrec cannot be tones of voice.

What is the worst result of a team leader failing to delegate responsibility or
tasks?

A. The leader will end up working many hours of overtime.

B. The team will learn a lot by watching to see how the tasks should
be completed.

C. Some team members find reasons to start fighting with other
members.

D. The team might feel that the leader does not trust their abilities.

(Apex)

Answers

Answer:

the team might feel that the leader does not trust their abilities

Explanation:

The team might feel that the team leader does not trust their abilities is the worst result of a team leader failing to delegate responsibility or tasks. Option D is correct.

What is the team leader?

A team leader is someone who gives advice, teaching, direction, and leadership to a group of people in order to achieve a key outcome or set of aligned results.

Team leaders serve as the gear stick for a group of people who work towards the same objective for the company. A team leader directs and instructs a working group on a project or portfolio of tasks.

They are responsible for distributing tasks, monitoring progress toward goals, and guiding team members as needed. Even though they don't have a manager title, team leaders frequently function as defect mentors for the team.

Therefore, option D is correct, that The team may believe that the team leader does not believe in their talents as a consequence of the team leader's failure to delegate responsibilities or tasks.

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HELP!!!!!!Match the job role with the job title.
Evaluate student
applications for
financial aid.
Review financial records
of large businesses
and corporations.
Gather evidence and
prepare for court.
Review policies and grant
funds to students in need.
Conduct research
that is pertinent
to a criminal case.
Review tax documents
and returns for errors
and inaccuracies.
Internal Revenue Investigator
Federal Aid Coordinator
Paralegal

Answers

Answer:

Internal revenue investigator: Review Tax Documents, Review financial records.

Federal Aid Coordinator: Evaluate Student Applications, Review policies and grant funds.

Paralegal: Conduct research that is pertinant to a criminal case, gather evidence and prepare for court

Explanation:

Answer:

answer down below

Explanation:

Which of the following is the best description of
greenwashing?
O A. Committing to using only sustainable sources for
raw materials used in production
O B. Trying to eliminate as much pollution as possible by
relying on solar energy or other cleaner form of fuel
O C. Changing from traditional printing media to
environmentally friendly printing media
D. Changing practices superficially to appear more
environmentally friendly to consumers than they
truly are

Answers

Answer:

D. Changing practices superficially to appear more  environmentally friendly to consumers than they  truly are.

Explanation:

Greenwashing is the act of corporate companies in their attempts to convey a false impression to their customers that their products are environmentally friendly. Through this process, they provide misleading information.

Companies provide misleading information to their customers, in making the impression that their products are more environmentally friendly than other products. Thus, greenwashing can be described as changing the practices of the company/ brand superficially so that they appear more environmentally friendly than they really are to customers.

Answer:

D. baud

Explanation:

Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above

Answers

Answer:

all of the above

Explanation:

The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.

Some of the evidence that a writer can use include

Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domain

True or false: Good intuition is just as important as good research. NEED ANSWERS FAST

Answers

Answer:

True

Explanation:

I jus got 100% on the quiz.

Supply-side policies have proven that smaller government makes the economy more efficient. ​ Select one: True False

Answers

Answer:

The given statement is "False".

Explanation:

Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.

The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was:

Answers

Answer:

21,000 units

Explanation:

Prepare a reconciliation of physical units

Inputs :

Beginning Work In Process Units                                 5,000

Units Started during the period (Balancing figure)     21,000

Total                                                                              26,000

Outputs :

Completed and transferred out units                         22,000

Ending Work In Process Units                                       4,000

Total                                                                              26,000

Conclusion :

Thus,  number units started during November in the department was: 21,000 units

The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives. The fire was a Federally declared disaster. Terrah's house suffered no actual damage during the fire, but because much of the surrounding area was destroyed, the value of all of the homes in the area declined substantially.Can Terrah take a casualty loss for the decline in value of her residence caused by the fire?__ because the decline in value of her residence ___ meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss

Answers

Answer:

No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Explanation:

Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Final answer:

No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Advise the team leader on the activities that should take place during the performing stage

Answers

The correct answer to this open question is the following.

Although there is no more context or reference, we can say the following.

The activities that should take place during the performing stage would be the following.

During the performance stage, the leader and the members of its team are ready to start taking action. After passing the previous stages of the forming stage, the storming stage, the norming stage, it is time, the leader knows that it is the moment to do what was planned. So this performing stage determinant because actions are going to be evaluated to know the effectiveness of the leader.  So the leader knows that he/she has to be congruent with what it says and what it does, and deliver the proper results for the benefit of the team.

Tony works for an organization that raises awareness about environmental
concerns in the community. He wants to make sure his local congressperson
votes for a new law that would make penalties for polluters more severe. He
knows his congressperson really likes a certain restaurant in town, so he's
thinking about getting him a gift certificate for that restaurant. What ethical
dilemma is Tony facing?
O A. Whether to award honoraria to a business leader for reduced
pollution
B. Whether to give a gift to a business leader for reduced pollution
C. Whether to give a gift to a politician while lobbying
O D. Whether to award honoraria to a politician while lobbying

Answers

Answer:

C. Whether to give a gift to a politician while lobbying

VitaLive has authorized the development of a video game based on new technology. Which of the following is an example of a risk that has to be accepted because it cannot be mitigated?

Answers

Answer:

There is a risk that a competitor may beat them to market with a  similar product.

The employment process is carried out by which department?

Answers

Answer:

The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.

Explanation:

The employment process is carried out by Human Resources (HR) division manages the hiring procedure is department.

The HR department is in charge of handling the entire employee life cycle, which includes hiring, onboarding, training, terminating, and providing benefits to employees.

Reviewing applications, identifying the best applicants for interviews, testing candidates, deciding amongst candidates to hire, and carrying out different pre-employment exams and inspections are all part of the hiring process.

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Lillian has a master's degree in logistical engineering. She has worked with large
manufacturing warehouses in the past. What company in the Manufacturing career
cluster might consider hiring Lillian?

a. a quick cement packaging company in need of a lab tech

b. an appliance manufacturer who creates several different items

c. a furniture upholstery firm looking for help with purchasing

d. a government agency in need of a safety inspector

Answers

C is the correct answe

Protecting intellectual property rights is important to a free enterprise system because:
A. it gives the government the ability to regulate businesses.
B. it allows entrepreneurs to profit from their ideas.
C. it ensures that businesses sell products at fair prices.
D. it makes more money available for starting new companies

Answers

Answer:

B. it allows entrepreneurs to profit from their ideas.

Explanation:

Intellectual properties are valuable ideas, innovations, and creations to a business. They are intangible assets that give a business its competitive advantage. Protecting intellectual properties ensure an individual or entity reaps the full benefits of the inventions and creations.

Protecting intellectual properties safeguards a company's ideas from being exploited by its competitors for commercial gains. It gives a business the right to exclusively profits from its innovations. Protecting intellectual properties encourages research and development as entrepreneurs are guaranteed to benefit from their creations.

The use of alcohol and other drugs cause you to lose your?

Answers

Answer:

liver cells

Explanation:

it eats at your inner parts of the body in prolonged use

Advantages and disadvantage of workers on a strike

Answers

Answer:

ADVANTAGES: Potential for better pay and working conditions for the workers

DISADVANTAGES: The employer could potentially punish the workers, restrict their pay, or even fire them. The company the workers work for will lose money. Strikes can take long periods of time.

What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%

Answers

The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.

What is the return rate?

A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.

In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.

Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.

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This graph compares the cost of an education at different institutions in Texas.

A graph titled The Cost of Tuition in Texas from 2012 to 2013 has type of school on the x-axis, and yearly cost in thousands of dollars on the y-axis. Public 4-year university is about 7,000, and private 4-year is 23,000. Public community college is 2,000, and private community college is 9,000. Technical school is 4,000.

This graph demonstrates that

private universities can cost three times as much to attend as public universities.
public universities can cost three times as much to attend as private universities.
community colleges can cost five times as much to attend as technical schools.
technical schools can cost five times as much to attend as community colleges.

Answers

Answer:

private universities can cost three times as much to attend as public universities.

Explanation:

Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend.  It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).

Community college costs 9000, while technical schools cost 4000; the cost is not five times more.

Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.

The graph is a pictorial representation of the data given.

The graph shows the relationship between two quantities whether it is linear or inversely proportional etc.

The given graph depicts that:

Private universities can cost three times as much to attend as public universities.

The given data tells that

                                         Costs

                                a)Public                 b)  Private

University                7000                        23000

College                    2000                        9000

Dividing b by a gives

23000/7000=3.286

9000/200= 4.5

Choice b public universities can cost three times as much to attend as private universities is incorrect.

Choice c community colleges can cost five times as much to attend as technical schools  is also incorrect.

Choice d technical schools can cost five times as much to attend as community colleges is incorrect as well.

The best answer from the given choices is option a: private universities can cost three times as much to attend as public universities.

Reading graph can be understood from the following links.

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Employers set workplace guidelines for various reasons, including business reasons or health and safety. Which of the following activities show organizational responsibility for the safety of employees?
Check all of the boxes that apply.

All employees must meet sales goals.
All employees must attend a safety briefing.

All employees must wear a uniform that includes a vest and slacks.

All employees must wear a uniform that includes steel toed boots and a lab coat.

Answers

Answer:

B- All employees must attend a safety briefing.

D- All employees must wear a uniform that includes steel toed boots and a lab coat.

The activities show organizational responsibility for the safety of employees are

All employees must attend a safety briefing.

All employees must wear a uniform that includes steel-toed boots and a lab coat.

What is business?

An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.

For a variety of reasons, such as financial advantage or concerns for employee safety, employers develop workplace policies. A safety briefing is required for each employee in order to prevent any unanticipated situations.

To protect themselves from dangerous situations or any injuries they may sustain while working, all employees are required to wear a lab coat and steel-toed boots as part of their uniform.

The responsibility for creating and enforcing safety practices rests solely on the employees. Any accident that results from their neglect of safety procedures is their own responsibility.

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solve for x and y -48 = 2x - 8yfind the two coordinates Find the value of x that will make L||M.LX + 5M2X - 7X = ? Which of the following is not equal to the rational number 7/4 ? Option 1: 14/8 Option 2: 10/7 Option 3: 1.75 Option 4: 1 3/4YOU COULD PICK MORE THEN ONE OPTION During cell respiration, the reactants of glucose and oxygen are transformed into the products of carbon dioxide, water, and ATP. Which of the following cell transport processes would be relatively unaffected if a cell no longer had access to glucose? Choose 1 answer: Choose 1 answer: (Choice A) A The transport of calcium into a muscle cell via facilitated diffusion. (Choice B) B The transport of an amino acid into an intestinal cell from an area of low concentration to an area of high concentration gradient. (Choice C) C The transport of sodium against its concentration gradient in a brain cell. (Choice D) D The passive transport of a charged potassium ion (K^+ + start superscript, plus, end superscript) through a cell membrane. How do you do long division SUMMARIZE: As a storyteller, what was Dante's purpose for describing hell? Students raced each other in the gym while the teacher recorded each student's speed. Jeremy ran 14 miles per hour, Isaiah ran 10 miles per hour, Jonah ran 13 miles per hour, and Alexis ran 16 miles per hour. Which of the bar graphs should the teacher use to compare the students' speeds? (pictures re the choices) choose the best decimal equivalent to 14/25. For what reason may First Amendment rights be limited? what was the main point of the caste system in india?A) To make it easier for people to trade)B) To Reward people for working hard C) To divide people into different groups D) To protect people from foreign attacks PLZ HELP MEH In the table shown, the ratio of miles biked to hours biked is constant. what factors combined to make Europeans curious about other places FIRST ANSWER GETS BRAINLIEST!!!Describe how to model -3x + 7 = 28 with algebra tiles. What is the quotient of -5.2 / 3.9 ? According to Bohr, why don't the electrons fly off into space? What is (5+3i) - (2-8i) give your answer in standard form slope-intercept from two points (4,-8) and (8,5) what is the greatest common factor shared by 51 and 21 Help PLS!! WILL MARK BRAINLIEST!!Choose all that applyWhich five contributions were NOT made by the Greeks?bridgeslawsintellectual thinkingdemocracyscientific discoveryaqueductsLatin languagearchitecturestate medicine Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2019: Home acquisition debt interest $ 15,000 Credit card interest 5,000 Home equity loan interest (used for home improvement) 6,500 Investment interest expense 10,000 Required: With 2019 net investment income of $2,000, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal, and the home equity loan principal combined are less than $750,000.