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LUCKY_DIMON [66]
3 years ago
10

An indifference curve shows all 1. possible equilibrium positions on an indifference map. 2. equilibrium combinations of two pro

ducts that are obtainable with a given money income. 3. combinations of two products yielding the same total utility to a consumer. 4. possible combinations of two products that a consumer can purchase, given her income and the prices of the products.
Business
1 answer:
monitta3 years ago
4 0

Answer:

3. combinations of two products yielding the same total utility to a consumer.

Explanation:

Indifference curve is an economic tool which establishes a relation between the quantity of two different products when combined together providing the satisfactory utility to the consumer.

This combination basically describes the quality and quantity combination of two products.

The correct option is therefore, statement 3.

This clearly demonstrates the definition as given above, providing utility o the consumer.

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Whats the meaning of oligopoly and monopoly market structure​
leonid [27]
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
6 0
3 years ago
Read 2 more answers
Values are a. acceptable behavior as defined by the company and industry. b. enduring beliefs and ideals that are socially enfor
Mrrafil [7]

Answer:

b. enduring beliefs and ideals that are socially enforced.

Explanation:

Values are general beliefs and ideas shared by some culture or community, which is also acceptable and enforceable by the society.

The common belief of a common individual to take the decision of good or bad by his own, with some values related to ethics is all in context of values.

It impacts individuals in very significant manner as is clearly visible in an individual what kind of values does he carry.

Therefore, correct answer is:

b. enduring beliefs and ideals that are socially enforced.

3 0
3 years ago
_____ represent the interests of union members in their relations with their immediate supervisor and other members of managemen
Pavel [41]

Union stewards is what they call the one who represent the interest of the union members in their immediate supervisor and other members of the management. Union stewards are full-time employees at the workplace and generally are not paid by the union.

6 0
3 years ago
Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning
madam [21]

Answer:

The total cost per unit using the weighted average method would be:

$15,97  

Explanation:

                Materials   Conversion Costs  

Begining  $ 14,000         $ 8,000  

APRIL          $ 72,000        $ 80,000  

TOTAL          $ 86,000 $ 88,000  

Units               8,000   8,000  

                       100% 50%  

WIP                4,000   2,000  

TOTAL              12,000   10,000  

USD/Unit          7,17              8,80   $15,97  

3 0
3 years ago
A recent college graduate has job offers for a sales position in two computer firms. Job A pays $45,000 per year plus 15% commis
otez555 [7]

Answer:

For the salesman to more lucrative, the yearly business should be greater than $142857.1429.

Explanation:

let $x be the yearly business that the salesman must do

35,000 + 22%x > 45,000 + 15%x

7x/100 > 10000

7x > 1,000,000

x > $142857.1429

Therefore, for the salesman to more lucrative, the yearly business should be greater than $142857.1429.

4 0
3 years ago
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