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vivado [14]
3 years ago
15

An indifference curve illustrates ... a) how consumers are indifferent about the location of their own consumption levels relati

ve to their reference points. b) how consumers get more utility, the more they consume of any particular good. c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level. d) the limitations on spending dictated by a consumer’s income and prices. e) B and D

Business
1 answer:
Leya [2.2K]3 years ago
8 0

Answer:

Option c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level.

Explanation:

This is the very definition of an indifference curve. The points in an indifference curve are the combinations of the quantities (level of consumption) of two different goods which will produce the very same utility to the consumer. The consumer will perceive any of those combinations as having the same utility for him.  

For example, a usual graph of various indifference curves will look like the graph attached.

In this graph the combination of 2 pairs of shoes and 15 pants will be perceived as having the same utility as the combination of 5 pairs of shoes and 4 pants. Both are combinations in the same indifference curve, the green one, and the utility of any combination lying in that green curve will be rated the same: u = 1.

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240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 4
elena-14-01-66 [18.8K]

Question Completion:

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April.

Answer:

1. The number of units transferred to the Finished Goods Inventory is 218,000.

2. Number of equivalent units with respect to materials and conversion:

Materials = 305,600

Conversion = 264,600

Explanation:

a) Data and Calculations:

                                              Materials     Conversion

Beginning inventory                  60%             40%

Units completed before          36,000           24,000

Units completed now              24,000           36,000

Equivalent units of production:

Started and completed         240,000        240,000

Ending inventory (82,000 units) 80%           30%

=                                               65,600          24,600

Total equivalent unit            305,600        264,600

The number of units transferred to finished:

Beginning inventory units         60,000

Units started and completed  240,000

Total units available                300,000

less Ending inventory units      82,000

Units transferred out              218,000

b) Using the weighted-average method, the equivalent units of production are equal to the units started and completed plus the units of ending inventory based on the degree of completion.

6 0
3 years ago
Full-employment gdp is also known as :________
irina1246 [14]

Potential output or potential GDP is also known as Full-employment GDP.

<h3></h3><h3>What do you understand by  Full-employment GDP?</h3>

Full Employment GDP is the fictitious GDP level that an economy would reach if it reported full employment or the GDP level that would result in zero unemployment. An economic scenario known as full employment occurs when all of the labor resources are being utilized as effectively as feasible. The term "full employment" refers to the maximum possible level of both skilled and unskilled workers in a given economy. Or more people will be required to produce the goods and services the more the economy produces. However, there will come a point at which all resources are used up and no more output can be created.

To learn more about Full-employment GDP, visit:

brainly.com/question/13522146

#SPJ4

3 0
1 year ago
Hillward Bakers Inc. has been using a logo with the letters"HB-in blue color and a baker's hat above these letters since its inc
notsponge [240]

Answer:

B) Hillward can sue Hobert since the logo has been used by Hillward and is associated with it.

Explanation:

Since Hillwards logo is an elaborate piece of creative art, then they can sue Hobert for using their logo since it was associated directly to them during the past decade. Common logos are not usually protected by copyright unless they show significant creative artwork done.

It is always better and easier to protect a logo when it is a registered trademark but even if you haven't registered it you can still sue and win for infringement. When a company uses a logo, especially for a long time, it is establishing common law trademark rights.

4 0
3 years ago
Which of the following is the right order of the steps that companies generally follow in designing a customer-driven marketing
podryga [215]

Answer:

C.

Explanation:

Companies cannot appeal to all buyers in the marketplace, or at least not to all buyers in the same way.

This strategy focuses on targeting a specific set of customers, retaining them by meeting their needs, and using metrics to measure their satisfaction.

Steps:

-Market segmentation. Is the process that companies use to divide large heterogeneous markets into small markets that can be reached more efficiently and effectively with products and services that match their unique needs.

-Market targeting. Consists of a set of buyers who share common needs or characteristics that the company decides to serve.

-Differentiation. A market coverage strategy in which a firm decides to to target several market segments and desing separate offers for each. Focus on how the company can create differentiated value for targeted segments.

-Positioning. The way the product is defined by consumers on important attributes. The place the product occupies in consumers’ mind relative to competing products.

8 0
3 years ago
Gibson instruments is planning to produce and market a new line of guitars. the current market price for similar guitars is $1,2
Pachacha [2.7K]
Given:
Current market price of similar guitar 1,200
30% profit on cost.

Sales :   130%
Cost  : <u>- 100%</u>
Profit :   30%

This means that $1,200 is 130% of cost. 

$1,200 / 1.3 = $923.10

Gibson's target cost should be $923.10 to make a 30% profit on cost.
7 0
3 years ago
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