1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Amiraneli [1.4K]
3 years ago
14

Billie Jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil

e working out. Both the amplifier and the mp3 player cost $120, so she can only buy one. This illustrates the basic concept that:________.
a) trade can make everyone better off
b) people face trade offs
c) rational people think at the margin
d) decisions made at the margin are not particularly important
Business
1 answer:
Lady_Fox [76]3 years ago
5 0

Answer:

B) people face trade offs

Explanation:

Resources are scarce, and that applies to every person and every organization in the world. Even the richest person or richest organization has a certain finite amount of money, time and other resources. For example, if we decide to work 12 hours a day, we will make more money, but we will also have less time o do other activities that we like.

In this case, Billie Jean only has $120 and she wants to buy both products, but she can only buy one. Whatever product she decides to buy will leave her with $0, so if she wants to purchase the other product she will need to find a job and earn some money, or if she already has a job, she will need to work more hours.

You might be interested in
Journal entries of hari started business with cash and goods​
Natasha2012 [34]

Answer:

what type of answer do you need?

Explanation:

?

7 0
3 years ago
Consumers' incomes decrease, which causes a decrease in demand. This causes the equilibrium price to _____. increase decrease st
adell [148]
The answer is decrease 
6 0
3 years ago
Read 2 more answers
An approach that recognizes that, with every interaction, customers learn something about a company that will affect their desir
Allushta [10]

Answer: Customer experience management.

Explanation:

Customer experience management is the ways in which a company provides it's consumers the best customised experience during their period of patronizing the business: the customer experience management makes the best use of physical and digital contact with consumers to give them a wonderful experience and maintain customer patronage.

7 0
3 years ago
Sandy Shores Corporation operates two stores: J and K. The following information relates to J: Sales revenue$1,300,000 Variable
natulia [17]

Answer:

Sandy Shores Corporation

J's Segment Contribution Margin is:

= $700,000.

Explanation:

a) Data and Calculations:

Sales revenue                                        $1,300,000

Variable operating expenses                    600,000

Contribution                                             $700,000

Fixed expenses:

Traceable to J and controllable by J        275,000

Traceable to J and controllable by others 80,000

Total fixed expenses                                355,000

Net operating income                            $345,000

b) The contribution margin is the difference between total sales revenue and the variable costs.  The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.

5 0
2 years ago
Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Manageme
NNADVOKAT [17]

Answer:

A) $1,050,000

Explanation:

Residual income

= Net operating income - (Total assets*Target rate of return)

= 1,250,000 - (20%*1,000,000)

= $1,050,000

Therefore, The division's Residual Income is $1,050,000.

5 0
3 years ago
Other questions:
  • Who is responsible for the preparation and integrity of the financial statements?
    11·1 answer
  • Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1
    7·1 answer
  • Which step in developing a mission statement requires you to think about who is affected by your organization and how they might
    6·1 answer
  • Temporary workers—often called temps—may not be subject to the contractual obligations or general policies that govern other emp
    9·1 answer
  • Davis's child attends a school operated by the church the family attends. Davis made a donation of $1,000 to the church in lieu
    13·1 answer
  • Which of the following statements is CORRECT?
    13·1 answer
  • County governments in Texas:a.are single-purpose governments.b.all operate under the general laws of the state of Texas for the
    14·1 answer
  • The chart of accounts is designed to
    13·1 answer
  • Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
    6·1 answer
  • The Cornelius Company has an ROE of 14.4 percent and a payout ratio of 30 percent. What is the company’s sustainable growth rate
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!