2 years ago

Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.

Business

1 answer:

damaskus [11]2 years ago

4 0

Answer:

B. consumption bundles

Explanation:

Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.

For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.

Preferences of buyers are independent not prices and income level.

Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.

You might be interested in

Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 under each of the fol

Paraphin [41]

Solution :

Annual payment = $\$ 5000$

1. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVA of} \ \$1(12\%, 5)$

$=\$5000 \times 3.60478$

= $ 18,023.90

2. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVAD of} \ \$1(12\%, 5)$

$=\$5000 \times 4.03735$

= $ 20,186.75

3. The rate of interest annually = 12%

The rate of interest quarterly = 3%

Present value = $\$5000 \times \text{PV of} \ \$1(3\%, 4) + \$5000 \times \text{PV of} \ \$1(3\%, 8) +\$5000 \times \text{PV of} \ \$1(3\%, 12)$ $+\$5000 \times \text{PV of} \ \$1(3\%, 16) + \$5000 \times \text{PV of} \ \$1(3\%, 16)$

$= \$5000 \times 0.88849 + \$5000 \times 0.78941 + \$5000 \times 0.70138 + \$5000 \times 0.62317 + \$5000 \times 0.55368$ $=\$ 17,780.65$

4 0

2 years ago

Self esteem is the part of self concept that involves evaluations of ?

Alisiya [41]

Answer:

the mind

Explanation:

answered already

7 0

3 years ago

When you've carefully checked all the facts and your attitudes and still find that there's "just something" about your superviso

Nataly [62]

True you should always suspect it and try to fix it

6 0

3 years ago

Liam is a computer system analyst and is looking to change to a company that offers more opportunities for advancement. He has j

Katyanochek1 [597]

Answer:

Explanation:

Job 1

Annual Income+ Benefits- (annual housing & utility cost)

78,000+4,000-( 1,350*12)= 65,800

Job 2

Annual Income+ Benefits- (annual housing & utility cost)

100,000+2,500-( 3,150*12)= 64,700

Therefore, job 1 is a better choice

5 0

3 years ago

Read 2 more answers

________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resul

Nitella [24]

Answer: The answer is Trend extrapolation

Explanation:

7 0

2 years ago