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3 years ago

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

Business

1 answer:

sergiy2304 [10]3 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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. Drayser Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning

natali 33 [55]

Answer:

Production= 26,000

Explanation:

Giving the following information:

budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units.

To calculate the production required, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 23,000 + 9,000 - 6,000

Production= 26,000

7 0

3 years ago

Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that

Kipish [7]

Answer:

Value of closing inventory = $25771.04

Explanation:

To calculate the value of ending inventory under a periodic average cost method, we will calculate the average price per unit of inventory at the end of the month. To calculate the average price per unit, we simply divide the total cost of the inventory by the total number of units for the month.

Average cost per unit = Total cost of all units for the month / Total units available for the month

Total cost of all units:

Beginning inventory (485 * 66) 32010

Purchase 1 (725 * 69) 50025

Purchase 2 (364 * 71) 25844

Total 107879

Total Units

Beginning Inventory 485

Purchase 1 725

Purchase 2 364

Total 1574

Average cost per unit = 107879 / 1574

Average cost per unit = $68.54

Units of closing inventory = 1574 - 1198 = 376 units

Value of closing inventory = 376 * 68.54

Value of closing inventory = $25771.04

6 0

3 years ago

"Americans in this decade are less likely than in the prior decade to say they want to lose weight, with the average dropping fr

Scilla [17]

Answer a. Estimate a population proportion.

Explanation:

A population proportion denotes a specific attribute of a population measured in percentage, the above analysis is on losing weight by the populace.

A mean only refers to the average of the population without reference to a particular quality.

The analysis is not testing a claim but it's only making reference to earlier findings on the population. A claim would have given us a specific quality which the population has been predicted or established to adhere to.

4 0

3 years ago

9-10. Armstrong Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/14 and 12/31/15 containe

IceJOKER [234]

Answer:

Consider the following explanation

Explanation:

If these error are nit corrected, the income before taxes be overstated by $ 35,000 .

As, Overstatement of Ending Inventory will affect the gross profit (Increase) by $ 25,000 and then understatement of Depreciation will further increase Net Profit by $ 10,000

5 0

3 years ago

Which do you think is better?/Which do you prefer? FedEx or UPS?

GrogVix [38]

Answer:

I personally like UPS because most of the times I have to send documents or goods domestically and UPS is very well known for its domestics shipments and I also prefer it because of its low rates as compared to FedEx which has higher rates. I am also comfortable with UPS because of its customer services. They respond to your query very quickly and try to resolve it as soon as possible. Their first priority is always their customers.

7 0

3 years ago