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baherus [9]
3 years ago
8

Assume that chips cost $1 and soda costs $2. If the consumer has $14, the combination of goods that would maximize his utility p

er dollar and remain within his budget would be
Business
1 answer:
ddd [48]3 years ago
3 0

Answer:

The remaining amount that the consumer would have would be $11

Explanation:

If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.

(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)

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It is necessary for all economic systems to provide people with goods and services and also restrict them from getting as much o
solong [7]

Answer:

The correct answer is: reduce; not as highly valued as others.

Explanation:

All the economic systems must provide people with the goods and services that they want and need. But it is also necessary to limit them from getting as much as they wish.

This is because providing as many goods and services as they want may lead to a reduction in efficiency. Economic efficiency is achieved when resources are allocated in such a way that there is no wastage and resources are allocated to most valued use.

If the economic systems do not restrict the production of goods and services as much as they want it may lead to the production of those goods and services that are not as highly valued as others. This will cause wastage of resources, thus reducing the economic efficiency of the system.

8 0
3 years ago
Von hayek's kayaks can borrow $12,500 for 60 days at a cost of $220 interest. what is the effective rate of interest?
Lyrx [107]
<span>The principal amount is $12,500. From the above statement the interest for two months is $220. And the annual interest is 1320. This is 10.56% of the principal amount. So the rate of interest in 10.56</span>
6 0
3 years ago
Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the bu
Schach [20]

Answer:

B. Inventory control

Explanation:

Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.

Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.

6 0
3 years ago
The process of exchange of goods or services from sellers to buyers is referred to as:
aliina [53]

Answer:

Marketing

Explanation:

Hope this helps!

3 0
2 years ago
There is a tenants' meeting in an apartment complex. Who goes to that meeting?
jarptica [38.1K]
The tenants go to the meeting
4 0
3 years ago
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