# An Engel curve:________. A. slopes upward for normal goods and downward for inferior goods. B. slopes upward for inferior goods and downward for normal goods. C. slopes downward for both normal and inferior goods. D. slopes upward for both normal and inferior goods.

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods

An Engel curve shows the relationship between the quantity of a good consumed and a consumer's income. It slopes upward for normal goods and downward for inferior goods.

### Explanation:

An Engel curve shows the relationship between the quantity of a good consumed and a consumer's income. It helps us understand how the demand for a particular good changes as income levels vary.

The correct answer to the question is A. An Engel curve slopes upward for normal goods and downward for inferior goods. This means that as income increases, the demand for normal goods also increases, while the demand for inferior goods decreases.

For example, if someone's income increases, they may choose to consume more high-quality goods like organic food instead of cheaper alternatives. This would result in an upward-sloping Engel curve for organic food, indicating that it is a normal good.

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## Related Questions

(b) At the beginning of a recent year, JetBlue's assets were \$6,020 million and its equity was \$1,266 million. During the year, assets increased by \$534 million and liabilities increased by \$261 million. What was JetBlue's equity at the end of the year?

\$1,539 million

Explanation:

The accounting principle states that assets must equal liabilities plus owner's equity. If assets increased by \$534 million and liabilities increased by \$261 million, the amount by which equity increased is:

If the initial equity was \$1,266 million, JetBlue's equity at the end of the year was:

Potential effects of departmental performance reports on employee behavior include all of the following except: Including indirect expenses can lead to a manager being more careful in using service department's costs. Using budgeted service department costs insures that operating departments are not held responsible for excessive service department costs. Including uncontrollable costs can serve to improve a manager's morale.

Potential effects of departmental performance reports on employee behavior except including uncontrollable costs served to improve manager's morale.

Explanation:

• Performance management plays an important role to keep a proper record of all the works that are being performed in a company .
• A proper performance management also shows an important effect on the behavior of the employees.
• If the employees are boosted properly by the managers they will increase the productivity .
• This will help the company to earn profits. Departmental performance keep record of all the expenses that are being done during the production process . It also help the manager to gain information and can adopt proper strategy to reduce expenses.

Calculate the annual cash flows of a \$100,000, 10-year fixed-payment deferred annuity earning a guaranteed 3.6 percent per year if annual payments are to begin at the end of year 4 (beginning of year 5). (Hint: Grow the original investment for 4 years and then all payments are paid at the beginning of the year.)

\$13,437.53

Explanation:

Calculation for the annual cash flows

First step is to calculate the value of annuity after 3 years from today

Using this formula

Value of annuity = Present value*(1+Rate)^Time

Let plug in the formula

Value of annuity = \$100,000*(1 +0.036)^3

Value of annuity = \$100,000*1.111934656

Value of annuity = \$111,193.4656

Second step is to calculate the present value annuity factor

Using this formula

PVIFA = [1 – (1 + Rate)-Number of periods]/ Rate

Let plug in the formula

PVIFA = [1 – (1 + 0.036)-10]/ 3.6%

PVIFA = 8.27484404349

Last step is to calculate the annual cash flows

Using this formula

Annual cash flows = Value of annuity/ Present value annuity factor

Let plug in the formula

Annual cash flows = \$111,193.4656/ 8.27484404349

Annual cash flows = \$13,437.53

Therefore the annual cash flows will be

\$13,437.53

On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of \$88,000. A total of \$4,000 was paid for installation and testing. During the first year, Milton paid \$6,000 for insurance on the equipment and another \$2,200 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is \$8,000. During Year 1, the equipment produced 13,000 units. What is the amount of depreciation for Year 1?

The depreciation expense for Year 1 is \$9880

Explanation:

The cost of equipment to be recorded in the books is the price at which it was purchased and the cost incurred to bring it to intended use that is the installation cost. Thus, the cost of the equipment in the books will be recorded as,

Equipment = 88000 + 4000 = \$84000

The insurance and maintenance are recurring expenses and are not capitalized.

The depreciation rate under units of production method is,

Depreciation rate = (cost - salvage value) / estimated useful life in units

Depreciation rate = (84000 - 8000) / 100000  =  \$0.76 per unit

The depreciation expense for Year 1 = 0.76 * 13000 = \$9880

\$10,920

Explanation:

Cost of equipment = List price of equipment + Cost of installation and testing

\$88,000 + \$4,000 = \$92,000

Salvage value = \$8,000

Depreciation cost of equipment = Cost of equipment - salvage value

\$92,000 - \$8,000 = \$84,000

Estimated unit of production = 100,000 units

Year 1 units produced = 13,000 units

Depreciation = \$84,000 * 13,000 / 100,000

= \$10,920

3) Write code in a language of your choice that checks a source file (input file in plain text format) that separates lexemes by white space and special characters. This lexical analyzer will only have tokens for special characters and alphanumeric strings. Ie: 2345 6tgbsauhd9sa67*I{OPKDSl;jaklhl Would be 2345 6tgbsauhd9sa67 * I { OPKDSl ; jaklhl

Explanation:

CODE:

import java.io.*;

class Test

{

public static void main(String[] args) {

File file = new File("input.txt");

try{

String line;

while ((line = b.readLine()) != null)

{

for(int i=0;i<line.length();i++)

{

char c=line.charAt(i);

if((c>='A' && c<='Z') || (c>='a' && c<='z') || (c>='0' && c<='9'))   //check if char is digit or alphabet

System.out.print(c);

else

System.out.println("\n"+c);

}

}

}

catch(Exception e)

{

System.out.println(e);

}

}

}

5) If in the market for apples the supply has decreased, then A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) the supply curve for apples has shifted to the left. D) there has been a movement downwards along the supply curve for apples.