Use the Table for the Question(s)below

question 16

Multiple Choice

Use the table for the question(s) below.
Ideko Sales and Operating Cost Assumptions
-Based upon Ideko's Sales and Operating Cost Assumptions,what production capacity (in 000's) will Ideko require in 2007?

• A)1505 units
• B)1323 units
• C)1914 units
• D)1115 units

Understand the concept of income elasticity of demand and its application in determining whether goods are normal or inferior.

Calculate and interpret the income elasticity of demand using the midpoint method.

Determine the characteristics of goods based on their income elasticity values.

Understand the concept and implications of cross-price elasticity of demand.

---

Definitions:

Aldosterone

Adrenal hormone that encourages sodium reabsorption by the kidney; concentrates the urine.

Bowman's Capsule

A part of the nephron in the kidney that encloses the glomerulus and where filtration of blood plasma begins in the process of urine formation.

Glomerulus

Cluster of leaky capillaries enclosed by a Bowman’s capsule.

Distal Tubule

Region of a kidney tubule that connects to a collecting tubule.