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Dmitriy789 [7]
4 years ago
7

Monroe consumes crab cakes and tuna. monroe's utility increases with the consumption of crab cakes, but his utility neither incr

eases nor decreases with the consumption of tuna. assuming tuna is on the x-axis and crab cake is on the y-axis, what do monroe's indifference curves look like?
Business
1 answer:
Kipish [7]4 years ago
6 0

The indifference curve will be mostly like Horizontal lines because the y-axis is the one who is increasing and the x-axis is the one decreasing so in my assumptions it will be horizontal. The indifference curve is the curve on the graph that represent two commodities to know the satisfaction of the buyer.

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What side of the body does a person wear their name tag on? (left or right)
hjlf

Answer:

Right side.

Explanation:

Although it is much easier for a right handed person to wear their name tag on the left side, it is actually correct to wear it on the right side as it is easier for the person shaking hands or greeting has easy eye contact with both the person and the badge.

Hope this helped ^^

8 0
4 years ago
Last year, Alfred's Automotive had a price-earnings ratio of 15 and earnings per share of $1.20. This year, the price earnings r
drek231 [11]

Answer:

Investors’ outlook for the firm has improved.

Explanation:

Computation of Market price.

MPS = PE ratio ×  EPS

⇒ MPS (Previous) = $1.20 × 15

⇒ MPS (Previous) = $18

⇒ MPS (Current) = $1.20 × 18

⇒ MPS (Current) = $21.60

So, we say that the market price has increased.

Investors’ outlook for the firm has improved.

6 0
4 years ago
Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 9% 10 7.7217 7.3601 7.0236 6.7101 6.4177 11 8.3064 7.8869 7.4987 7.139
klasskru [66]

Answer:

The discount rate of 8% for 11 year period provides the present value of annual cash flows to be equal to the initial investment.

Explanation:

Using the table of present value of annuity provided, we can check the rate and time period which is return the present value of cash flows from the project to be equal to initial Investment.

We are told that the Project's life is expected to be 11 Years. Thus using the 11 year period from the table we can see the following rates,

<u>11 Year Period</u>

Rate = 5%  ,  Annuity Factor = 8.3064  

Rate = 6%  ,  Annuity Factor = 7.8869

Rate = 7%  ,  Annuity Factor = 7.4987

Rate = 8%  ,  Annuity Factor = 7.1390

Rate = 9%  ,  Annuity Factor =  6.8052

We know that the annual cash flows from the project is $1,000,000 and we know the Initial Outlay is $7,139,000.

Multiplying the annual cash flow from the above annuity factors for each rate we can see which rate provides the present value of annual cash flows to be equal to initial outlay.

Rate = 5%  ,  Present value = 8.3064 *  1000000    = $8,306,400  

Rate = 6%  ,  Annuity Factor = 7.8869 *  1000000    = $7,886,900

Rate = 7%  ,  Annuity Factor = 7.4987 *  1000000    = $7,498,700

Rate = 8%  ,  Annuity Factor = 7.1390 *  1000000    = $7,139,000

Rate = 9%  ,  Annuity Factor =  6.8052 *  1000000    = $6,805,200

From the above calculation we can see that the rate of 8% provides the present value of annual cash flows to be equal to the initial investment.

7 0
4 years ago
Jarett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technol
raketka [301]

Answer:

The correct option is <u>b. irrelevant cost</u>.

Explanation:

An irrelevant cost can be described as an expense that will not be affected by the decisions of thee management. Therefore, irrelevant costs are those that will not change if you choose one option over another in the future.

Therefore, the $4,000 of annual operating costs that are common to both the old and the new machine are an example of irrelevant cost. This is because the 4,000 of annual operating costs will not be affected or will still be incurred whether Jarett Motors managment decide to keep its existing car washing machine or purchase a new one.

Therefore, the correct option is <u>b. irrelevant cost</u>.

5 0
3 years ago
Important aspects of managing that have recently emerged include applying systems thinking, continuously improving quality, and
mixas84 [53]

Answer:

True.

Explanation:

With changing dimension of global market, where customer is considered as king in the market due to highly competitive market with homogenous goods and service are available in the market, where customer find it hard to distinguish between different goods and service, there is only one aspect which can differentiate the goods and service of one product to another is its quality and excellent customer service. Therefore, with the emerging market, it is essential for corporate to manage applying systems thinking, continuously improving quality, and providing excellent customer service.

7 0
3 years ago
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