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
Hoochie [10]
3 years ago
15

Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod

uction each hour. Jordan's market hourly wage is $50, but Jordan can also produce $30 of household production each hour. This household chooses work schedules to maximize utility. When it does this, which of the following cannot occur. A. Jordan specializes in household production, while Chris specializes in marketplace work. B. Jordan specializes in marketplace work, while Chris splits time between marketplace and household work. C. Chris specializes in marketplace work while Jordan specializes in household production. D. Chris specializes in marketplace work, while Jordan splits time between marketplace and household work.E. All of the above results can happen.
Business
1 answer:
andrezito [222]3 years ago
6 0

Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

You might be interested in
If a partnership is liquidated, how is the final allocation of business assets made to the partners? Group of answer choices
Tpy6a [65]

Answer: C

Explanation:

Final capital account balance is talking about the final financial status of the partnership business at liquidation. The final allocation will be made based on the financial status of the business.

8 0
3 years ago
The use of communication technologies such as videoconferencing and networks has enabled increased
ExtremeBDS [4]
The use of communication technologies such as videoconferencing has helped lots of people especially those who find it hard to transport from one place to another due to distance, hectic schedule, traffic, etc. This enables savings in gasoline, etc while maintaining a good relationship between the attendees. 
3 0
3 years ago
Read 2 more answers
You run a nail salon. Fixed monthly cost is $5,518.00 for rent and utilities, $6,014.00 is spent in salaries and $1,613.00 in in
Liono4ka [1.6K]

Answer:

With 266 costumers it is indifferent where the nail salon is located.

Explanation:

Giving the following information:

Fixed monthly cost is $5,518.00 for rent and utilities

$6,014.00 is spent on salaries.

$1,613.00 in insurance.

Every customer requires approximately $4.00 in supplies.

You charge $120.00.

New location:

Fixed costs in rent and utilities= $11,401

Salaries= $6,716.00

Insurance to $2,203.00 per month.

The cost of supplies will increase to $7.00 per service.

Selling price= $150.00 per service.

Gross profit old location= Contribution margin*Q - fixed costs

Gross profit old location= (120-4)*Q - 13145

Gross profit new location=Contribution margin*Q - fixed costs

Gross profit new location= (150-7)*Q - 20320

116*Q-13145= 143*Q - 20320

7175=27*Q

Q=265.74074 = 266costumers

8 0
3 years ago
Is the statement below true or​ false? ▼ True False . ​(Select from the​ drop-down menu.) The cash surplus can be used for a var
nlexa [21]

Answer:

(A)  The cash surplus can be used for a variety of purposes. In the​ short-term, they may replace their​ car, buy better​ furniture, or more quickly pay off their home. TRUE

(B)Alternatively, they may purchase stocks and​ bonds, or increase their savings for future needs. TRUE

(C) Investments in the stock market are generally designed to increase an​ individual's future​ wealth, the purchase of bonds typically allows one to at least retain their purchasing​ power, while investment in savings accounts provide liquidity. FALSE

Explanation:

(A) The currency can be used to anything he owner wants.

(B) Correct, the ecnomics always define that a person after receiving his income has only two option available. It can used in consumer goods. Or it can saved  to invest

(C) The reason the stock and bonds exist is to raise fund for companys whichyield a return. The company takes the most benefit from this system as it would be difficult to convince a single peroson to invest a large amount in his business. Through sotck it can ask for fewer amount to more people but, this people will receive an income but it won't become rich for a couple shares.

As this part is not true, then the whole sentence must be catalogate as false.

5 0
3 years ago
Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too mu
amid [387]

Answer:

B. less

Explanation:

As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward

Therefore as per the given situation, the option b is correct

hence, all other options are wrong

So, the same is to be considered

4 0
3 years ago
Other questions:
  • The following exercise will help you identify how business owners function within the different stages of retailing. The wheel o
    8·1 answer
  • When there is uncertainly of the product quality, buyers should not anticipate that the temporary warehouse seller of unbranded
    13·1 answer
  • The story discussing an experiment where a bell was rung, a dog was served food, and (Pavlov's) dogs salivated illustrates:Learn
    5·1 answer
  • Which of the following could have caused the variance
    12·1 answer
  • In its first year of operations, Roma Company reports the following. Earned revenues of $63,000 ($55,000 cash received from cust
    15·1 answer
  • Franco, an employee at fundz corp., arrives late at the office on a monday morning due to a personal emergency. his manager fire
    6·2 answers
  • Many workplace safety rules are created by which government agency?
    9·2 answers
  • How can we develop desicion making skill on ourselves​
    9·1 answer
  • 3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibil
    10·2 answers
  • Price and Cost (Pvt) Ltd Company makes a single product, whose unit budget details are as follows: BWP BWP
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!