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xenn [34]
3 years ago
15

Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always

have indifference curves with slopes of 1. D. have fixed rates of trading off one good for another.
Business
1 answer:
torisob [31]3 years ago
3 0

Answer:

Option (D) is correct.

Explanation:

Perfect substitute goods are the goods which can be used in place of each other.

Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.

The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.

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The function of marketing that tells customers where they can buy the product and how the product gets there is called
vladimir2022 [97]

Answer:

Place, where the consumer/customer can go when making a purchase on a product.

Explanation:

Good luck, I majored in Business Management

3 0
1 year ago
What is the difference between a change in aggregate supply and a change in aggregate output supplied?
trapecia [35]
The aggregate<span> demand curve, like most typical demand curves, slopes downward from left to right. Demand increases or decreases along the curve as prices for goods and services either increase or decrease. In addition, the curve can </span>shift<span> due to </span>changes<span> in the money </span>supply<span>, or increases and decreases in tax rates.</span>
4 0
3 years ago
In 1931, the U.S. President was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and
Gelneren [198K]

Answer: $1,021,382

Explanation:

The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.

A higher CPI means prices have increased.

CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.

This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.

In this case the good is the salary of $75,000.

The 2007 equivalent of a 1931 salary will therefore be,

= 75,000 * ( 207/15.2)

= $1,021,381.57

= $1,021,382

8 0
3 years ago
When Steven askes questions in an open-minded way, he avoids:
Elenna [48]
Attacking someone else's opinion. I hope this helps!
3 0
3 years ago
Read 2 more answers
What type of product modification is likely to make the greatest impact on a food product?
Elina [12.6K]

Answer: Aesthetic

Explanation:

The type of product modification that is likely to make the greatest impact on a food product is aesthetic.

Product Modification simply means the improvement of an existing products in such a way that necessary changes are made to the product's nature, size, color, characteristics, nature, packing etc. in order to meet consumers demand. Aesthetic in food products will help the product stand out and beautify it.

7 0
3 years ago
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