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2 years ago

A Giffen good is a good for which price and quantity demanded are positively related. A Giffen good arises when:_______.

Business

1 answer:

IRISSAK [1]2 years ago

7 0

Answer:

Explanation:

A giffen good is a good whose quantity demanded increases with price increase and reduces with price decreases. This leads to an upward sloping demand curve which is not in line with the law of demand

Example of a giffen good is bread.

For a giffen good there would a negative income effect and a positive substitution effect but the income effect would outweigh the substitution effect

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Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000

777dan777 [17]

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × $\frac{4}{12}$

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

5 0

3 years ago

What does the concept of limited liability posits?

Maksim231197 [3]

Answer:

see below

Explanation:

The concept of limited liability is a confirmation that a corporation's assets are liabilities are distinct from those of shareholders. The concepts safeguard the shareholder's private properties should a business fail to meet its obligations.

Limited liability states that the liabilities of a shareholder is limited to the extent of his capital contribution. If the event of a dissolution, a shareholder's losses are capped to the share contribution. Their personal properties cannot be used to pay business debts should the business's assets be inadequate.

3 0

2 years ago

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi

S_A_V [24]

Answer: See explanation

Explanation:

A pay off matrix has been attached.

If Fizzo decides to advertise, it will earn a profit of ($8 million) if Pop Hop advertises and a profit of ($15 million) if Pop Hop does not advertise.

If Fizzo decides not to advertise, then, it will earn a profit of ($2 million) if Pop Hop advertises and on the other hand, a profit of ($11 million) if Pop Hop does not advertise.

If Pop Hop advertises, then Fizzo makes a higher profit if it chooses (to advertise). On the other hand, if Pop Hop doesn't advertise, then Fizzo will make higher profit if it chooses (to advertise).

In a scenario whereby the firms act independently, the strategies that they will choose is that that both of the firms will prefer and choose to advertise.

8 0

2 years ago

The ways you act, think, and feel describe your _____.

Bas_tet [7]

Personality traits... i think

have a good day

4 0

2 years ago

In project time management, which of the following processes involve calculating the number of work periods that are needed to c

11Alexandr11 [23.1K]

Answer:

The correct answer is C

Explanation:

The estimate activity duration is a procedure in project management which include the analyzing of the different activities and then estimates or approximate how long it takes for accomplishing or completing the specific task with the estimated resources.

So, the estimate activity duration is the one which comprise for computing the work periods needed for completing the activities.

4 0

2 years ago