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Tatiana [17]
4 years ago
11

For which pairs of goods would most people likely have convex indifference curves

Business
1 answer:
sergiy2304 [10]4 years ago
6 0

Answer:

Movie tickets and concert tickets .

Explanation:

The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.

  • That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.
  • The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.
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Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s
Svetradugi [14.3K]

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell =  $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

                                           Sales Budget  

                                                             January                      February  

Budgeted luggage sets to be sold 1,700                         2,050  

Sales price per unit                           180                            180  

total sales                                      306000                    369000

here sale is sold Budgeted luggage × Sales price

3 0
3 years ago
The average-marginal rule states: a. when the marginal magnitude is rising, the average magnitude must also be rising. b. when t
lozanna [386]

Answer:

The correct answer is letter "C": when the marginal magnitude is below the average magnitude, the average magnitude falls.

Explanation:

The average-marginal value is an Arithmetic rule implemented in Economics that states that when the marginal value is above the average value, the average value tends to rise, In case the marginal value is below the average value, the average value tends to fall. The average value remains the same when it is equal to the marginal value.

5 0
4 years ago
According to functional job analysis, all jobs require workers to interact with?
Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

Learn more about functional job analysis:

brainly.com/question/24239905

#SPJ4

3 0
2 years ago
What economic benefit has the debt reschedule for developing countries?
diamong [38]

Answer:

The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.

This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.

8 0
3 years ago
Suppose that you buy a two-year 7.4% bond at its face value. a-1. What will be your total nominal return over the two years if i
Harman [31]

Answer: 15.35%

Explanation:

The total nominal return over the two years if inflation is 2.4% in the first year and 4.4% in the second year will be calculated thus:

= (1+Interest rate)² -1

= (1 + 7.4%) - 1

= (1 + 0.074)² - 1

= 1.074² - 1

= 1.153476 - 1

= 0.153476

= 15.35% over the two years

8 0
3 years ago
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