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What else can I help you with?
Where does utilities expense appear on the financial statement?
It typically falls on the income statement under general and administrative expenses.
Why engel curve slopes negatively downward in case of giffen goods?
The Engel curve shows how household expenditure on goods changes with rising income. Giffen goods are inferior goods. As household income rises, instead of consuming more of the Giffen goods, expenditure is switched to better quality goods. Consequently, the demand for a Giffen good falls as income rises and this results in a downward sloping curve. Incidentally, a curve that slopes "negatively downward" is actually a curve that slopes positively upwards!
Niagara Falls generates income for both the US and Canada in what two ways?
Niagara Falls generates income for both US and Canada in two ways. These are income in terms of tourism and hydroelectric energy.
What happens when your taxable income falls in the lowest tax bracket?
It means that you will owe no income tax.
What happens if your taxable income falls in the lowest tax bracket?
you are not eligible for the earn income credit
What is the income elasticity of an inferior good?
goods whose demand falls as consumer income increases
What parenting style is more common as income falls?
authoritative
Type of good whose demand falls when income increases?
inferior good
The US falls within in which category of the world's nations?
really, high income nations
If the demand for a good falls when income increases the good is call a good?
Normal good
If your MPC is 0.9 and your income falls by 200 what will be your change in spending?
If your marginal propensity to consume (MPC) is 0.9, it means you will spend 90% of any change in income. Therefore, if your income falls by 200, your change in spending would be calculated as 0.9 times -200, which equals -180. This indicates that your spending will decrease by 180.
How much is 5 figure income?
A five-figure income refers to an annual salary that falls between $10,000 and $99,999. This means that any income within this range is considered a five-figure income. For example, a salary of $50,000 would be categorized as a five-figure income.
