The substitution effect dominates the income effect. The substitution effect dominates the income effect because yearly income is above target income. The income effect dominates the substitution effect. The substitution effect dominates the income effect only from point A to B. The income effect dominates the substitution effect between points C to D. The income effect dominates the substitution effect because yearly income is below target income.

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.