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2 years ago

True or false: it is generally the case that indifference curves have the same shape across all consumers.

1 answer:

7 0

The statement " it is generally the case that indifference curves have the same shape across all consumers." is False

This is further explained below.

<h3>What is the shape?</h3>

Generally, In a contrast to other attributes such as color, texture, or kind of material, a shape or figure is a graphical depiction of an object's exterior border, outline, or external surface.

Shapes and figures may also be used interchangeably. In contrast to solid 3D objects, plane figures and plane shapes are required to flatten out on a plane in order to exist.

In conclusion, False: "it is typically the case that indifference curves have the same form across all customers." This statement is not true.

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$54,000 is a reasonalble amount

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What is accounting ?

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2 years ago

When a producer offers a prospective insured a portable dishwasher as a bonus for purchasing a policy, he/she could be guilty of

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Answer:

The correct answer to the following answer will be Rebating.

Explanation:

Rebating: It is a manner to get potential insurance customers to purchase the insurance product by returning their money to the broker or agent. The insurance company can even offer premium or even donation discounts. Insurance regulators do not find this to be a good exercise since unfair competition can grow and insurance insolvency can occur.

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3 years ago

g Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year t

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Answer:

$2,200,000

Explanation:

The movements in the inventory account is as a result of purchases, sales and writeoffs if any. These are the events that bring about a change between the opening and closing balances.

Given;

cost of goods sold = $2,000,000

Increase in inventory = $200,000 (This is same as closing balance minus opening balance)

Ending balance = $400,000

Thus, opening balance = $400,000 - $200,000

= $200,000

Let the cost of merchandise that Dave's purchased during the year be N

$200,000 + N - $2,000,000 = $400,000

N = $400,000 + $2,000,000 - $200,000

N = $2,200,000

The cost of merchandise that Dave's purchased during the year is $2,200,000

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3 years ago

The typical measurement of hotel demand is the room night (RN). When we say that each room night is perishable , we mean that on

vredina [299]

Answer:

true

Explanation:

Services are different than products because they:

products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability

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4 years ago