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Gnesinka [82]
2 years ago
6

A college student has two options for meals: eating at the dining hall for $6 per meal, or eating a cup o' soup for $1.50 per me

al. her weekly food budget is $60.
a. draw the budget constraint showing thetrade-off between dining hall meals and cups o' soup. assuming that she spends equal amounts on both goods, draw an indifference curve showing the optimum choice. label the optimum as point

a.

Business
2 answers:
fenix001 [56]2 years ago
4 0

The answer is 40 because you have to divide 60 and then 1.50 to get your answer

g100num [7]2 years ago
3 0

Answer:

Since we are not given the amount of utility that each type of food provides, the indifference curve shall equal the budget constraint curve.

If we assume that the optimum choice is located where the student spends equal amounts in dining hall meals and cups o' soups, it will be 5 dining hall meals and 20 cups o' soups.

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Elaine Sweeney went to Ragged Mountain Ski Resort in New Hampshire with a friend. Elaine went snow tubing down a run designed ex
ludmilkaskok [199]

Explanation:

1. Ragged mountains assertion of defense is '<u>assumption of risk</u><u>'</u><u>.</u><u> </u>In this scenario, Elaine Sweeney exposed herself to risk while snow tubing at the absence of an instructor. snow tube run is solely for snow tubers. ragged mountain can use this defense

2. new hampshire has prohibited people from suing for injuries received due to skiing risks. in a case of this sort, ms Elaine would be assumed to know all possible risks involved. the defendant will be favored since it has been advised that people should not go into sports of these sorts witout good training and an instructor.

3. no Elaine's lawsuit will not be successful if the conclusion of the court is that the statue applies to skiing and not to snow tubing. one should be cautious during snow tubing. she went snow tubing without proper care. it is likely that she may not win the case.

4. the theory is <u>contributor</u><u>y</u><u> </u><u>neglige</u><u>nce</u><u> </u><u>theor</u><u>y</u><u>.</u><u> </u>her damages is going to be reduced in proportion with the actions that has brought about her accident. for this reason she is partly responsible.

5 0
2 years ago
How does the buying decision process differ when consumers are shopping on the Internet or mobile device compared with shopping
LuckyWell [14K]

Explanation:

The purchase decision process on the Internet or on mobile devices compared to purchases in a physical store, differ according to the characteristics of each of the shopping environments.

According to Kotler and Keller, the consumer purchase decision process goes through 5 stages:

  1. problem or need recognition,
  2. information search,
  3. evaluation of alternatives,
  4. purchase,
  5. post-purchase behavior.

Therefore the consumer will determine which are the essential attributes when making a purchase and which ones will bring the greatest benefits.

Currently the online shopping market has grown substantially, since most individuals have access to the internet, which makes companies look for a greater online presence, which guarantees the possibility of also offering consumers greater benefits, such as greater discounts and promotions. , since, there is a reduction in systemic and physical costs when the company sells over the internet.

Therefore, online stores compared to physical stores are more likely to offer purchase and post-purchase benefits, in addition to a greater variety of products and brands available, increasing consumer choice.

4 0
2 years ago
For her homework, Annie has added the picture of a fruit in a document. She wants to enhance it to give a cut-out look. Which fe
Alona [7]

Answer:

Obvious answer could be clip art since it’s a small part of something bigger. It could also be shapes but if she wants it to actually look like fruit then she’d use clip art. (Four years of digital design)

Explanation:

3 0
2 years ago
Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and co
Artyom0805 [142]

Answer:

A. 27,000

B. 77,000

Explanation:

What is Reggie's accounting profit?

REVENUE - EXPENSES AND DEPRECIATION

90000-18000-6000-3000=63000

What is Reggie's economic profit?

REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT COSTS

90000-18000-60000-3000-76000 = -13000

1) accounting profit = TR - explicit cost

= 90,000 - 63,000

= 27,000,

2) economic profit = TR - economic cost

= 90,000-(13,000)

= 77,000

3 0
2 years ago
Suppose buyers of fountain drinks are required to send $0.50 to the government for every fountain drink they buy. Further, suppo
Mekhanik [1.2K]

Answer:

d. All of the above are correct.

Explanation:

a. This tax causes the demand curve for fountain drinks to shift downward by $0.50 at each quantity.

b. The price paid by buyers is $0.30 per drink more than it was before the tax.

This is true as the difference between $0.50 and $0.20 is $0.30. The price paid by buyers is indeed $0.30 per drink more than it was before the tax.

c. Forty percent of the burden of the tax falls on the sellers.

This is true as $0.20 of $0.50 is 40% and this tax burden falls on the sellers.

8 0
2 years ago
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