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77julia77 [94]
3 years ago
11

Suppose you have two indifference curves U 1 and U 2 representing the consumption of two normal goods. If U 2 is twice as far fr

om the origin as U 1, then _____.
Business
1 answer:
Alik [6]3 years ago
7 0

Answer:

The utility that U2 represents is twice as higher than the utility that U1 represents.

Explanation:

An indifference curve is the locus of combination of two commodities bundles that yield the same level of satisfaction or utility to the consumer.

An indifference map is a graph that present two or more indifference curves that yield different level of utility to the consumer.

The farther away an indifferent curve from the origin, the higher the level of utility the consumer derives from the combinations of two goods it represents.

Therefore, if we have two indifference curves U1 and U2 representing the consumption of two normal goods. If U2 is twice as far from the origin as U1, then the utility that U2 represents is twice as higher than the utility that U1 represents.

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Stephanie orders office supplies every month. She is making a because she always bases the order on current inventory levels, wh
Umnica [9.8K]

Answer:

She is making a <u>PROGRAMMED DECISION</u> because she always bases the order on current inventory levels, which are accurate and up-to-date?

Explanation:

Programmed decisions are routine decisions that are carried out following established procedures. This type of decisions are made generally without much consideration because they do not include important aspects of the organization's functions. Sometimes they can even be automated specially if they apply to small purchases like office supplies which can be made only by checking the inventory level.

3 0
3 years ago
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product
Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  

40,000 *1hr = 40,000      

   

Direct labor hrs for Truck      

10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

Overhead rate is total est oh cost/ total direct labor hrs    

770,000/70,000= 11.00    

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0
3 years ago
The etruscans developed a special sophistication in casting and engraving on
Archy [21]
The Etruscans developed a special sophistication in casting and engraving on <u>bronze.
</u>The Etruscans were an ancient culture that was located in central and northern Italy. They were very famous for their art, especially for bronze casts and engravings that are an important archaeological relic even today. They weren't the first nation to do this type of art, however, they were the best.<u>
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4 0
3 years ago
Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'
Marizza181 [45]
The amount generated from the investment with simple interest is calculated through the equation,

           F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
   P = $10,500
   i = 0.06
   n = 4

Substituting the known values,

    F = ($10,500) x (1 + (0.06)(4)) 
 <em>   F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020. 
4 0
3 years ago
Consider a call option on an asset with an exercise price of $100, a put option on that same asset with an exercise price of $10
zubka84 [21]

Answer: The values are missing below are the values

a. $105

b. $95

answer :

a) $5

b) -$5 ( loss )  

Explanation:

From the perspective of the long position for each of the two options  upon expiration

a) For $105

for the long position ( long call ) since the expired price > than the exercise price

i.e. $105 > $100 the profit = $105 - $100 = $5

b) For $95

For the long position ( long call ) since the expired price < than the exercise price

i.e. $95 < $100 the profit = $95 - $100 =  - $5  ( a loss is incurred )

5 0
2 years ago
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