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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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Dustup, a cleaning products company, was trying to revive its old wood floor waxing product. It began offering an augmented serv
mylen [45]

Answer:

Dustup forgot to the consumers if the add-on will give them more satisfaction from using their product.  

Explanation:

The market is always king. Getting first-hand information about what consumers need and how they need it is the best way to go about creating a product or modifying an existing one to become more profitable.

The removal of the brochures from the bottles showed that shoppers didn't necessarily want their product. What they wanted was to be able to make contact with the company and get more information on how to revive their old wooden floors.

Cheers!

7 0
3 years ago
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b
Lelu [443]

Answer:

Liquor consumers

Explanation:

Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.

Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.

The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.

If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.

If taxes are imposed on suppliers, the quantity supplied would fall more.

Therefore , the burden of tax can be passed on more to consumers.

I hope my answer helps you.

3 0
3 years ago
Reggie is the sales manager of a large car dealership. he wants to increase sales significantly over the next​ quarter, and afte
IRINA_888 [86]
I would say that the decision making conditon in this instance would be to offer a reward to prospective car buyers so as to attract them to a vehicle which will cost them less and also to compete with other car dealers in trying to win over the prospective clients.
3 0
3 years ago
Read 2 more answers
Organizing is the second basic managerial function; it follows planning and decision making. involves shaping the organization o
Norma-Jean [14]

Answer:

e. All of these choices

Explanation:

As we know that

The functions of management comprises of five functions i.e planning, organizing, staffing, directing and controlling

The planning is the way to plan the things so that the company could attain its goals and objectives within the prescribed time

The organizing is the second managerial function which helps to organizing the things of the company. It involves the way of doing the task and utilizing the resources efficiently and effectively so that the task could be completed at low cost and time

In addition, there should be a flexibility in a organization so that if an opportunity can comes then it would grab easily, it also consist of planning & decision making

8 0
2 years ago
During her presentation to a prospective customer,Lea informed him about the new wallboard's superiority.She also brought a samp
snow_lady [41]

Answer:

A, multiple-sense approach

Explanation:

Multiple- sense approach can be simply defined as a marketing style that makes a product appeal to a consumer's sense of reasoning.

By multiple-sense or multi sense for short, Lea was able to involve the customer as well as the contractor on the project. This was to ensure the buyer understands and also by giving the contractor a feel of the product so as to be able to further convince the consumer.

Cheers..

4 0
3 years ago
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