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Paladinen [302]
3 years ago
10

Assume the price of product Y (the quantity of which is on the vertical axis) is $15 and the price of product X (the quantity of

which is on the horizontal axis) is $3. Also assume that money income is $60. The absolute value of the slope of the resulting budget line is:
Business
1 answer:
Delicious77 [7]3 years ago
8 0

Answer:

slope of the resulting budget line = \frac{1}{5} = 0.2

Explanation:

given data

price of product Y = $15

price of product X = $3

money income C = $60

to find out

absolute value of the slope of the resulting budget line

solution

we know here equation of resulting budget line is that is express as

AX + BY = C

here A and B are the quantity and X and Y are price and C is income

so

3 A + 15 B  = 60

so

the slope of the resulting budget line is

slope of the resulting budget line = \frac{3}{15}

slope of the resulting budget line = \frac{1}{5} = 0.2

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5 0
3 years ago
4. Malik's father recently died. His dad had an insurance
Salsk061 [2.6K]

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

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7 0
2 years ago
If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total emp
denis23 [38]

Answer:

option (d) increases by $1,000

Explanation:

Data provided in the question:

Increase in gross pay = $500

Increase in total employee benefits = $200

Decrease in total job expenses = $300

Now,

The change total employment compensation

= Increase in gross pay + Increase in total employee benefits + Decrease in total job expenses

= $500 + $200 + $300

= $1,000             (Here, the positive value means an increase )

Hence,

The answer is option (d) increases by $1,000

5 0
3 years ago
One of the difficulties associated with value-based pricing is that
nikdorinn [45]

One of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

The value-based pricing entails fixing of prices based on customer's perceived value of the product.

The companies who practiced the value-based pricing do so to make sure the product price and expectation of the customers match.

However, one of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

Learn more about this here

<em>brainly.com/question/20699420</em>

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2 years ago
Next year, Celebrity wishes to increase the unit selling price to $110. Sales commissions will change to 2.5% of sales. Cost of
mariarad [96]

Answer:

Celebruity has a unit contribution margin of $35 ($100-$62-$3), currently.  

Celebrity will have a unit contribution margin of $42.25 =($110-$62-$2.75) whit  the changes.

This is an increase of $10.25 in the unit contribution margin.

Sales volume remains to be the same at 150 units ($15000 / $100), so the effect on contribution margin is $1537.50 = (150 X $10.25).

The contribution margin increase equals the net income increase, $1537.5 because the costs remain the same

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3 years ago
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