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svp [43]
3 years ago
15

Suppose the price of hot wings is $10, the price of beer is $1, and the consumer’s income is $50. In addition, suppose the consu

mer’s budget constraint illustrates hot wings on the horizontal axis and beer on the vertical axis.If the price of beer doubles to $2, then the _________.
a. budget constraint intersects the vertical axis at 25 beers.
b. slope of the budget constraint rises to -2.
c. slope of the budget constraint falls to -4.
d. budget constraint shifts inward in a parallel fashion

Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

a. budget constraint intersects the vertical axis at 25 beers.

Explanation:

A budget constraint shows all the combinations that a consumer might purchase of two given products or services. The total consumption can be represented by a consumption possibilities frontier curve:

  • originally you could purchase 50 beers or 5 hot wings
  • then as the price of beer increases to $2, you can only buy 25 beers or 5 hot wings

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What are the advantages and disadvantages of common stocks​
andrey2020 [161]

Advantages:

  • You can invest in companies with limited liability.
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Disadvantages:

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5 0
3 years ago
When looking to increase the presence of a website, putting together your search engine optimisation plan will help you plan you
weeeeeb [17]

Answer:

Option "D" is the correct answer for the following statement.

Keyword Research

Explanation:

To order to increase the visibility of a website, an online marketing strategy will be created.

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Therefore, Option "D" is the correct answer.

3 0
3 years ago
A lot of points
Pie

Answer:

The answer is C

Explanation:

6 0
2 years ago
An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote e
GenaCL600 [577]

Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

7 0
3 years ago
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