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2 years ago

The _________________ budget constraint shows the tradeoff between present and future consumption.

1 answer:

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Fill in the blanks with "Present Value" since it is the budget constraint that shows the tradeoff between present and future consumption.

Here's the explanation for present value budget constraint:

- The relevant budget restriction when consumers make consumption decisions that cover more than one period.

- It is often referred to as the life-time budget limitation.

- Individuals can borrow and lend any amount at the market interest rate, according to the rules.

The expected utility framework, which illustrates how individuals might optimize their needs, is the budget constraint. Additionally, it shows all possible combinations of products and services that a consumer can spend.

For pictorial simplicity, economists only address two products at a time, despite the fact that there are many different goods and services available.

You might want to know why individuals make choices that are directly on the budget constraint: brainly.com/question/11997164

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In a firm's income statement, interest payments on debt are deducted before corporate taxes are calculated, which reduces the firm's tax liability.

<h3>Income statement: What is it?</h3>

An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.

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2 years ago

MC Qu. 169 A manufacturer reports the following costs to produce... A manufacturer reports the following costs to produce 23,000

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Answer:

Unitary product cost= $54

Explanation:

Giving the following information:

Production= 23,000 units

Direct materials= $23 per unit

Direct labor= $19 per unit

Variable overhead= $276,000

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First, we need to calculate the unitary variable overhead.

Unitary overhead= 276,000/23,000= $12 per unit

Unitary product cost= 23 + 19 + 12= $54

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3 years ago

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