Answer:
represent the quantity of each good that could be purchased if all of the budget were allocated to that good.
Explanation:
The budget line is a graph which shows the two combinations of goods a consumer can consume given price and income level
<u>Properties of the budget line </u>
- When income increases, the budget line shifts outward and shifts inward when income decreases
- the horizontal and vertical intercepts represent the quantity of each good that could be purchased if all of the budget were allocated to that good.
- the budget line is a straight line. This indicates that the marginal rate of substitution is constant
- the budget line is negatively sloped
Answer:
Explanation:
Given: The company's market share had changed from 40 to 21 percentage points.
To find: percent change in market share
Solution:
Change in percentage of company's market share 
Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100
Answer:
The requirements are missing, so I looked for similar questions. You should make any necessary adjusting entries on the accounting equation. Since there is not enough room here, I used an excel spreadsheet.
