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Naddik [55]
3 years ago
5

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

of one good and dividing it by the price of the other good.A) personal preferenceB) utility levelC) budget constraintD) opportunity set
Business
1 answer:
sleet_krkn [62]3 years ago
8 0

Answer:

C) budget constraint

Explanation:

The budget constraint is a graph of all the combinations of goods and services a consumer can purchase given prices and income of the consumer.

The absolute slope of the budget constraint is the relative price of the two goods represented on the graph.

I hope my answer helps you

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If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that
bonufazy [111]

Answer:

Additional <u>$1,750 </u>must be invested by Ben.

Explanation:

Note: The question is not complete as some dots are omitted. The question is therefore given correctly before answering it as follows:

If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1/2 % annual interest to ensure that the interest he receives each year is 4 1/2 %.

The question is now answered as follows:

From the question, we have:

Initial amount invested = $3,500

Interest rate on initial amount invested = 4%, or 0.04

Interest amount from initial amount invested = Initial amount invested * Interest rate on initial amount invested = $3,500 * 4% = $140

Let y represents the additional amount to invest. Therefore, we have:

Interest rate of additional amount invested = 5 1/2% = 5.5% = 0.055

Interest amount from additional amount invested = y * Interest rate of additional amount invested = y * 0.055 = y0.055

Total interest amount = Interest amount from initial amount invested + Interest amount from additional amount invested = $140 + y0.055

New amount invested = Initial amount invested + y = $3,500 + y

Interest rate of new amount invested = 4 1/2% = 4.5% = 0.045

Interest amount from new amount invested = New amount invested * ($3,500 + y) * 0.045 = $157.50 + y0.045

Since total interest amount must equal interest amount from new amount invested, we equate the two and solve as follows:

Total interest amount = Interest amount from new amount invested

$140 + y0.055 = $157.50 + y0.045

We can now solve for y as follows:

y0.055 - y0.045 = $157.50 - $140

y0.01 = $17.50

y = 17.50 / 0.01

y = $1,750

Therefore, additional <u>$1,750 </u>must be invested by Ben.

4 0
3 years ago
Please help me I need this point
schepotkina [342]

Answer:

ok

Explanation:

7 0
3 years ago
After a recent spike in violent crime, the local police department wants to spend $550,000 on a new crime fighting initiative. I
Verizon [17]

Answer:

c.

6.1 percentage points.

Explanation:

Ratio shows proportion of a number to other number or sum of all the numbers. Percentage is a ratio which is expressed as fraction of 100.

Human Life Worth = $9 million = $9,000,000

Spending on Fighting initiative = $550,000

Take ratio of spending by the worth of human life

Ratio = Spending / Worth = $550,000 / $9,000,000 = 0.061 = 6.1%

It reduces the risk of someone dying from crime by at least 6.1%.

4 0
3 years ago
As a result of a decrease in the demand for U.S. dollars, there has been depreciation in the value of the U.S. dollar relative t
Aleks [24]

Answer:

A. Todd, American, to visit Macedonia spring brew

Explanation:

<em>Todd is a loser due to the depreciation of the U.S. dollar because now he will need more dollars to buy a comparative amount of South Korea won. His trip will now be more expensive. </em>

<em> An investment bank in South Korea, interested in purchasing U.S. government bonds - winner </em>

<em> The investment bank will exchange fewer wons for U.S. dollars than before. Buying government bonds will now be cheaper for them. </em>

<em> Goodyear, a firm based in the United States, sells car tires in South Korea - winner </em>

<em> Goodyear will likely sell more cars because for its South Korean customers, the cars are now cheaper since the value of the dollar has depreciated against the currency that they hold. </em>

<em> A family from South Korea visits relatives in the United States - winner </em>

<em> The South Korean family will exchange fewer wons for more U.S. dollars, making their trip cheaper. </em>

<em> A firm from South Korea sells handbags in the United States - loser </em>

<em> The handbags will now be more expensive for their American customers, likely causing a loss in sales revenue for the firm. </em>

<em> An electronics manufacturer in the United States, purchases a high tech company in South Korea - loser </em>

<em>The cost of the high-tech South Korean company is now higher for the American manufacturer because more dollars had to be exchanged for wons before the purchase.</em>

4 0
3 years ago
What is the task of middle level managers?
kotegsom [21]
A. To supervise employees over their daily tasks. Typically, middle-level managers are responsible for overseeing their teams and employees to help a company accomplish its goals through project and team management. They will implement policies and objectives, and manage expectations with senior-level management. 
6 0
3 years ago
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