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KonstantinChe [14]
2 years ago
8

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

of one good and dividing it by the price of the other good.
Business
1 answer:
jenyasd209 [6]2 years ago
3 0

Answer:

budget constraint

Explanation:

The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good. Intuitively, the slope of the budget constraint represents how many of the goods on the y-axis the consumer must give up in order to be able to afford one more of the goods on the x-axis. the concept of budget line or what is also called budget constraint is essential for understanding the theory of consumer’s equilibrium.

A higher indifference curve shows a higher level of satisfaction than a lower one. Therefore, a consumer in his attempt to maximize his satisfaction will try to reach the highest possible indifference curve . But in his pursuit of buying more and more goods and thus obtaining more and more satisfaction he has to work under two constraints: first, he has to pay the prices for the goods and, secondly, he has a limited money income with which to purchase the goods. Thus, how far he would go in for his purchases depends upon the prices of the goods and the money income which he has to spend on the goods.

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Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0
2 years ago
Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturin
Soloha48 [4]

Answer:

c. credit to Manufacturing Overhead of $92,000

Explanation:

Applied Manufacturing overhead was $92,000

So, The journal entry to record this will be,

                                                Dr.          Cr.

Work in Process of            $92,000

Manufacturing Overhead                 $92,000

So, manufacturing overhead account is credited with the value of $92,000.

8 0
2 years ago
Read 2 more answers
The Bella Capri runs as an Italian restaurant that specializes in freshly prepared cooked meals. It is located in premises on a
saul85 [17]

Answer:

The answer is $1000.

Explanation:

We can define fixed cost as the costs that does not increase or decrease as with the change in the service given or the goods produce.

According to this, we can say that the $16 price per meal and therefore the $4 ingredients are not included in the fixed cost. The light, heat and fuel are also dependent on the usage, so they do vary with the service given.

The other costs given in the question are eligible to be counted as fixed costs because they are not dependent on the number of costumers or the amount of food served.

So the fixed costs for Bella Capri per week is $250 + $150 + $600 = $1000.

I hope this answer helps.

6 0
2 years ago
One of the benefits of mindfulness is that it enables you to
Goshia [24]
Benefits of having a mindfulness life is that you will think before making decisions.
3 0
2 years ago
A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjust
Varvara68 [4.7K]

Answer:

A. cost-plus regulation

Explanation:

When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.

It is usually carried out by the government.

8 0
2 years ago
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