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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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Gabriel Corporation has fixed costs of $180,000 and variable costs of $8.50 per unit. It has a target income of $268,000. How ma
baherus [9]

Answer:

uh... 180 divide by 8.5... multiply to 12

5 0
3 years ago
Ecker Company reports $1,925,000 of net income for 2017 and declares $269,500 of cash dividends on its preferred stock for 2017.
Basile [38]

Answer:

(A) $1,655,500

(B) $5.52 per share

Explanation:

Ecker company announced a net income of $1,925,000

They also declare a cash dividend of $269,500

The company has 300,000 weighted average shares of common stock

(A) The amount of net income available to common stockhloders for 2017 can be calculated as follows

Net income available to common stockhloders= Net income- Preferred Cash dividend

= $1,925,000-$269,500

= $1,655,500

(B) The common basic EPS for 2017 can be calculated as follows

Common basic EPS= Net income available to stockholders/weighted average outstanding shares

= $1,655,500/300,000

= $5.52 per share

7 0
3 years ago
_____-is the cost of the merchandise that the merchandiser has sold.
Effectus [21]

It should be the price right?

7 0
3 years ago
Read 2 more answers
When you decide to go and have a dinner with your friends in a world class hotel such as the Golden Tulip or La Pleasure Beach,
bezimeni [28]

Answer:

A. Price makers

B. Brand name

Explanation:

A. The hotels charge very high prices for wine and soft drinks because they are not price takers. They do not consider the price prevailing in the market for the products they are offering to the customers. They are price makers and select to charge the price they want to maintain their current hospitality. It their perception that wine and soft drinks are part of luxury. The food is an essential and people are not allowed to bring outside food in the hotel so they will buy it but when they will consume food they will also require the drinks as a part of their meal.

B. The people in today's world are so much brand conscious. They will pay for a name tag so they will be regarded for their high status in the society despite of low quality products. The ease of shopping at the branded stores is another reason for their high sales.

5 0
3 years ago
A company purchases inventory on terms of net 30 days and resells to its customers on terms of net 15 days. The inventory conver
Tanzania [10]

Answer:

The company's cash conversion cycle is 75 days

Explanation:

The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.

Conversion cycle = Payable days + Inventory in Stock days + Receivable days

where

Payable days = Purchases term  = 30 days

Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )

Receivable days = Sales term = 15 days

Placing values in the formula

Conversion cycle = 30 days + 30 days + 15 days

Conversion Cycle = 75 days

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3 years ago
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