The maximum amount of good y that can be bought if x and y are the only two goods that are available for purchase is 20.
<h3>What is a budget set?</h3>
This is the amount of the combinations of two goods that a consumer is able to buy at the given market price with his income.
We have the equation
P1X + P2Y = 400
<u>Definition of terms</u>
P1 = price of first good = $10
p2 = price of second good = $20
x = units = 0
Put the values in the equation above
$10*0 + $20*y = 400
20y = 400
y = 20
We conclude that the amount of good y that can be bought is 20.
Read more on budget constraint here: brainly.com/question/4931758
Answer:
5.13%
Explanation:
Given:
Worth of investment today (PV) = $1,000
Investment worth after 6 years (FV) = $1,350
Time period of investment (nper) = 6 Years
It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).
Substituting the values, we get =RATE(6,-1000,1350)
= 5.13%
Present value is negative as it is a cash outflow.
Therefore, annual return is computes as 5.13%.
The answer is mission statement which is letter a. It defines the company's business, its objectives and its approach to reach those goals in the future which is written in the vision statement. Elements of Mission and Vision Statements are often put together to provide a statement of the company's purposes, goals and values.
Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.
Explanation:
In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.
As a result, the good might become overused and degraded as it is not being maintained enough.
The statement, "As marketers embraced the concept of integrated marketing communications, they began asking their ad agencies to rely primarily on media advertising," is:
<h3>What was the stance of the marketers?</h3>
When marketers started accepting integrated marketing communications, they did not tell their ad agencies to rely only on media advertising. They rather told them to adequately manage the promotional materials that they had.
Instead of focusing on just one type of promotional tool, they encouraged diversification. So, it is wrong to say that they asked their agencies to focus only on media advertising.
Learn more about marketing communications here:
brainly.com/question/7176800
#SPJ1