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KonstantinChe [14]
1 year 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]1 year 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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Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per
Lemur [1.5K]

Answer:

The correct option: $14 because both the fee from the customer and the producer are earned

Explanation:

Based on the information given we were told that Tickets Now charges each of their customer a fee amount of $4 per ticket in which they receives the amount of $10 per ticket from the producer which means that the amount of revenue Tickets should Now recognize for each Riverdance ticket they sold will be $14 ($10 per ticket +$4 per ticket) because both the fee from the customer and the producer are earned.

7 0
1 year ago
if a company spends 40m to install new footwear making equipment with capacity to produce 2 million pairs of athletic footwear a
Mrrafil [7]

Answer:

The annual depreciation cost the facility will rise by 10% or $4,000,000.

Explanation:

Annual depreciation = \frac{Cost of equipment - Estimated salvage value}{Useful life}

Annual depreciation = \frac{40 - 0}{10}

Annual depreciation = 10% or $4,000,000

4 0
2 years ago
The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,
34kurt

Answer:

$252,000

Explanation:

Calculation for the cost of goods sold for the Askew Company for the year ending June 30, 2021.

First step is to calculate the Net Purchase

Purchases 259,000

Less Purchase discounts (7,900)

Less Purchase returns (11,900)

Add Freight-in 20,800

Net purchase 260,000

Now let calculate the cost of goods sold

Inventory, 7/1/2020 33,900

Add 260,000

Less inventory balance ($41,900)

Cost of goods sold $252,000

Therefore the cost of goods sold for the Askew Company for the year ending June 30, 2021 will be $252,000

5 0
2 years ago
The ability of an organization to produce services that, by utilizing the consumer's five senses, have some uniqueness in their
Sidana [21]

The ability of an organization to produce services that, by utilizing the consumer's five senses, have some uniqueness in their characteristics is experience differentiation.

Explanation:

Experience-based differentiation (EBD) which we describe as: a continuously loyalty-building systematic response to customer interaction. Don't linger on the word too much.

Organisations must pursue a multi-year path to achieve with EBD. This is why organisations will make this is one of every top business initiatives. In the financial sector, education and travel sectors we foresee EBD to make rapid progress.

WACOAL DIA, a luxury brand of WACOAL, is an example of marketing by which expertise in the procurement process has been improved.

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2 years ago
Ms. lee is enrolled in an ma-pd plan, but will be moving out of the plan's service area next month. she is worried that she will
Arturiano [62]

<span>The best advice to be given to Ms. Lee in regards to the scenario is that she has the eligibility for a SEP in which she could enrolled in before she could even move to the location where she would likely be residing to. With this plan, if she notified about moving earlier or in advance, the period will only last for about two months in addition.</span>

7 0
2 years ago
Read 2 more answers
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