Answer:
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
Explanation:
The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
Answer:
c. $1,800
Explanation:
Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.
It incorporates the opportunity cost of taking a particular activity into its calculation of cost.
The economic cost of Debbie taking the picture of her niece is :
$4000 - $2200 = $1800
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Answer:
In the classroom and in the grocery store and house.
Explanation:
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Answer: The Limited Liability Company enjoys this benefit.
Explanation:
A Limited Liability Company is a hybrid organization that combines the features of a corporation with those of a partnership or sole proprietorship.
The credits and deductions of the company are passed through to partners to file on their individual tax returns.
Credits and deductions are divided by the percentage of individual interest each partner has in the company.
Unlike shareholders in a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses are “passed through” the business to each member. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.
One current consumer trend is consumers who allow others to borrow a good or service for a small fee, usually done on an on-line platform. this is referred to as Sharing Economy.
The sharing economy is an economic model defined as peer-to-peer (P2P)-based activities of obtaining, providing, or sharing access to goods and services, often facilitated through online community-based platforms.
Under capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of a company that employs people to manufacture the products it sells to consumers.
Learn more about Sharing Economy here: brainly.com/question/28050979
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