Your friend wants to open a clothing shop. A necessary capital resource is a (5 points)

Suppose timothy consumes two goods, soda and chips. the slope of his indifference curve for these two goods reflects:

Ierofanga [76]

Answer: The rate at which he is willing to substitute one good for the other

Explanation: Indifference curve shows the combination of two goods that give the consumer the same level of satisfaction. the slope of this indifference curve shows how much the consumer is willing to substitute one good for the other in order to keep utility constant.

$Slope= \frac{Change in x}{Change in y}$

Slope of Indifference curve for soda and chips shows how much soda Timothy is willing to substitute to get 1 additional unit of chips.

$Slope=\frac{Unit of soda foregone}{Units of chips gained}$

So, the correct option is the rate at which he is willing to substitute one good for the other.

6 0

3 years ago

Companies address needs by putting forth a ________, a set of benefits that they offer to customers to satisfy their needs.

Dovator [93]

Answer:

value proposition

Explanation:

A value proposition refers to the guarantee of meaning that needs to be provided, shared, and remembered. It is a customer trust in how quality (advantage) is always to be provided, perceived, and gained. A value proposition might refer to an entity as a whole, or sections of it, or account holders, or products.

Another aspect of the corporate strategy is to build a value proposition. This Model is depcited on a distinct consumer value proposition," Kaplan and Norton claim. "Customer satisfaction is the foundation of stable wealth creation."

4 0

3 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

mafiozo [28]

Answer:

a= 54796

h= 80,824

d=117916

i=67915.68

e=$ 352196

b= 58,800

f= 373496

j= 234500

c= 15100

k= 1900

g=3721596

Explanation:

Orlando Company

Manufacturing Cost Data

Case A Case B Case C

Direct materials used (a) $91,200 $69,000

a=149,800 - 42,804- 52,200 54796

Direct labor 52,200 143,800 (h)

$69,000 +x+0.82h= 216100

1.82h= 216100-69000

h= 147100/1.82= 80,824 80,824

Manufacturing overhead applied 42,804 (d) (i)

d=82% of 143,800=117916 117916

i=82% of 80824 = 67915.68 67915.68

Total manufacturing costs 149,800 (e) 216,100

e=$91,200+ 143,800+ 117916 352196

Work in process 1/1/14 (b) 21,300 18,400

b=208,600- 149,800 58,800

Total cost of work in process 208,600 (f) (j)

f=352196+ 21,300 373496

j=216,100 + 18,400 234500

Work in process 12/31/14 (c) 11,900 (k)

c=208,600 - 193,500 15100

k=234500 -232,600 1900

Cost of goods manufactured 193,500 (g) 232,600

g=373496- 11,900 3721596

The formulas used are given below.

Total Manufacturing Cost = Direct Materials + Direct Labor + Factory Overheads

Total cost of work in process= Total manufacturing costs+ Opening Work in process

Cost of goods manufactured= Total cost of work in process - Closing Work in process

In each of these if two amounts are known we can find the third one.We can also do rearrange these to find the required amounts.The calculation of each of the missing amount has been done next to it.

5 0

3 years ago

Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an exam

lesantik [10]

An example of Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

<h3>What is a Private land use control?</h3>

This refers to a land control with a deed restrictions that limits what can be done on the property by the owner.

Hence, Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

Read more about Private land

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8 0

2 years ago

Suppose that you have the following information for an economy:______.

galina1969 [7]

Answer:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $4,600.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $5,000.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $5,400.

Explanation:

The aggregate expenditure (AE) can be calculated using the following formula:

AE = (A + (MPC * Y)) + PI + G + NX ………………. (1)

Where;

AE = aggregate expenditure = ?

A = Autonomous consumption = $500

MPC = Marginal propensity to consume = 0.80

Y = Real GDP

PI = Planned investment = $600

G = Government spending = $300

NX = Net exports = -$400

Based on the above, we can now proceed as follows:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $4,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $4,500)) + $600 + $300 - $400 = $4,600

Therefore, when real GDP is equal to $4,500, aggregate expenditure is equal to $4,600.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,000

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,000)) + $600 + $300 - $400 = $5,000

Therefore, when real GDP is equal to $5,000, aggregate expenditure is equal to $5,000.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,500)) + $600 + $300 - $400 = $5,400

Therefore, when real GDP is equal to $5,500, aggregate expenditure is equal to $5,400.

6 0

3 years ago