As my income increases I buy less cheap, generic paper towels and I buy more expensive Bounty paper towels. Generic paper towels area ____________________________ good. Bounty paper towels would be considered a ____________________________ good
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As my income increases I buy less cheap, generic paper towels and I buy more expensive Bounty paper towels.
Generic paper towels area ____________________________ good.
Bounty paper towels would be considered a ____________________________ good
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- You plan to purchase a car for $28,000. Its market value will decrease by 20% per year. You have determined that the IRS-allowed mileage reimbursement rate for business travel is about right for fuel and maintenance at $0.505 per mile in the 1st year. You anticipate that it will go up at a rate of 10% each year, with the price of oil rising, influencing gasoline, oils, greases, tires, and so on. You normally drive 15,000 miles per year. Your MARR is 9%.Environmental protection can positively affect local economies by ________. having businesses move out of the area to locales with lessstringent environmental protection having citizens move out of the community in order to find employment eliminating current excess jobs creating jobs that will attract companies from other sectors of the economy increasing shortterm costs to existing and future businessesAnswer your friend who claims that; (Shortly answer your friend, are these statements are correct or wrong,explain shortly.) 1) housing boom in Japan is unbelievable due to its declining population (Table 3). 2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices 3)are similar to those in other property types (Table 1) and 4)do not change largely regionally across Japan (Table 2). 5) population changes do have similar effects on house prices in large cities and rural areas in Japan.
- Concern over politically controlled supply and finite availability of non-renewable energy resources such as crude oil and natural gas has prompted large crude oil-consuming nations to seek alternate renewable energy sources. Furthermore, environmental concerns associated with carbon dioxide and other greenhouse gas emissions have prompted countries with large agricultural tracts of land to seek and develop clean, renewable biofuels that are not only environmentally friendly, but which also contribute to sustainable eco-nomic growth and energy security. Developing biofu-els does not need to be a panacea, however, real chal-lenges must be overcome to prevent economic costs from exceeding social benefits. For example, countries should take extreme care in implementing national biofuel policies because in the rush to energy indepen-dence, more pollution may occur, and resources…Required information MPC = 0.9; MPM = 0.2 Refer to the above information to answer this question. What is the value of the MPE? Multiple Choice 0.1. 0.3. 0.5 0.7.Mom’s Pretzels is a fairly small firm selling gourmet pretzels in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: Q = 600 - 160PP + 1A - 25Ps + 6I where Q = unit sales of pretzels, PP = price of pretzels in dollars, A = advertising expenses, Ps = price of soda pop sold at your stand in dollars, and I = per capita income of customers in thousands of dollars. You are currently charging $1 per pretzel, spending $200 in advertising, charging $1 for a soda pop, and per capita income is $25,000. a. Compute price elasticity, advertising elasticity, income elasticity and cross-price elasticity. b. You are currently paying $.90 to produce a pretzel (including cost for dough cost to bake, and wrapping). Is this the profit-maximizing price? Explain/show your math.
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- 4.1 A ________ provides money that does not need to be repaid. It is intended to promote renewable energy projects and is primarily available to commercial, industrial, utility, are educational institutions. a. Loan b. Incentive c. Grant d. Lease 4.2 In 1838 the photovoltaic industry was started when Alexandre Edmund Becquerel discovered ______. a. The Becquerel principle b. The photovoltaic effect c. Solar radiation d. Solar irradiance 4.3 A(n) _______ converts DC electricity to AC electricity. a. Converter b. Inventer c. Coupler d. Transformer 4.4 A ______ system collects solar radiation from the sun and converts it directly into DC (direct current) electricity. a. Solar thermal b. Solar architectural c. Photovoltaic d. Radiator"Shoeless" Joe Jackson was offered $ 5,000 by the infamous gambler Arnold Rothstein to "throw" the 1919 World Series. What is the purchasing power of Rothstein's bribe in 2021? A) $ 9,342.55 B) $ 75,780.35 C) $ 349,439.25 D) $ 892,445.05Endanger animals such a panda is non-use value. Explain why non-use, or passive use values, cannot be valued either by observing their prices in markets or with revealed preference techniques. Finally, explain how stated preference techniques can be used to estimate non-use value. (250 words or fewer.) (In environmental view)
