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IRISSAK [1]
2 years ago
3

Bill spends his money on flowers and cookies so as to maximize his total utility. Both flowers and cookies start off costing $2

each. At that price, Bill buys three flowers and two cookies. When the price of flowers is lowered to $1, Bill buys eight flowers and one cookie.which of the followiung statement regarding price decrease is not true?A.Bill's budget linw shifted outwardB.Bill's demand curve shifted to right
Business
1 answer:
kobusy [5.1K]2 years ago
5 0

Answer:

B) Bill's demand curve shifted to right

Explanation:

When a demand curve shifts to the right, it means that the total quantity demanded will increase at every price level. This rightward shift is generally caused by an increase in income, an increase in the price of a substitute good or a decrease in the price of complementary good.

When the price of a good increases, the quantity demanded will increase but following the supply curve.

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the dogs

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2 years ago
__________ provide a more level ride by raising or lowering a car's wheels
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The correct answer is the suspension stability system. This is defined as a kind of detection by which it detects driving conditions by means of lowering or raising the vehicle’s wheel that makes the ride more leveled or more smoother.

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2 years ago
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
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Answer:

The overview of the given statement is described in the explanation segment below.

Explanation:

<u>Monopoly Market: </u>

  • The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
  • Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).

<u>Perfectly Competitive Market: </u>

  • The  price shall be calculated whenever market forces are equivalent.
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Thus,

⇒  AR=P =MR

Hence,

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6 0
2 years ago
Each month, Jackie budgets $1640 for fixed expenses, $1320 for living expenses, and $260 for annual expenses. Her annual net inc
dsp73

Answer:

d. it is balanced.

Explanation:

A budget is defined as the amount of money that is set aside for some future purpose. It is a way to effectively manage funds and avoids wastage. When one is going out of their budget they know is is an unallocated cost and this will lead to unbalanced funding for needs.

In this scenario the total budget of Jackie is

Monthly budget= fixed expenses+ living expenses+ annual expense

Monthly budget = 1,640+ 1,320+ 260

Monthly budget= $3,220

Yearly budget= monthly budget* 12

Yearly budget= 3,220* 12= $38,640

This is a perfect balance with her annual net income.

5 0
2 years ago
To determine how attractive a particular market is using the BCG portfolio analysis, ________ is(are) established as the vertica
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Answer:

Market growth rate

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The market growth rate refers to a rate in which the company is able to know how much it is growing it could be measured by comparing the prior years performance.

The BCG comprise of Boston consulting group that includes four things i.e. star, question mark, cash cow and dog in which the market growth rate is appears on the vertical axis, and in the horizontal axis, the relevant market share is displayed

Hence, the market growth rate is the answer

7 0
2 years ago
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