1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
givi [52]
3 years ago
9

Charlie the cat stole $20 from his cat mom. He's planning on spending the money he stole on catnip (Q1) and dental treats (Q2).

Dental treats are more expensive at $3 per treat, but catnip is pretty cheap at $0.50 per pouch. What will Charlie's budget constraint look like?
Business
1 answer:
RideAnS [48]3 years ago
6 0

Answer:

$ 20= Q1 (0.5 ) + Q3( 3)

Explanation:

Total Amount = $ 20

Dental treats Q2= $ 3

Catnip Q1= $ 0.50

Maximum no of Dental Treats he can get is = $ 20 /$3= 6.66

If he gets maximum dental treats i.e 6 , $18 will be spent (3*6)

He will be left with = $ 20- $ 18= $ 2

The maximum no of catnip he can get after buying 6 dental treats from $ 2= $ 2/$0.5= 4

Let Q1 denote the catnip and Q3 denote the dental treats then the equation would be like

$ 20= Q1 (0.5 ) + Q3( 3)

So putting the values for q1=0,1,2,3,4,5,6,7,8,9,10

for values 0-4  Q3 will be $ 18

for values 4-6 Q3 will be $ 15

for values 6-8  Q3 will be $ 12

From values Zero on wards the budget constraint will be a slope but after value 4 the change will be after every two points.

The slope will look like the one given in the diagram.

Download docx
You might be interested in
Who can cheer me up i have seizures
AlekseyPX

Answer:

I got a joke for you :)

Why do we tell actors to “break a leg?”

Because every play has a cast.

3 0
2 years ago
Read 2 more answers
A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa
saveliy_v [14]

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

3 0
2 years ago
If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable compet
balu736 [363]

Answer:

resources that are valuable, rare, costly to imitate, and non-substitutable

Explanation:

If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable competitive advantage through product excellence. A firm can, however, develop an advantage through product excellence with resources that are valuable, rare, costly to imitate, and non-substitutable

Apart from product excellence, Intangible assets that have no physical presence like Brand reputation, trademarks and intellectual property are all intangible assets unlike physical resources, cannot buy from the market by other competitors. They are developed within a company and constitute the source of sustainable competitive advantage.  

In particular, the resources that generate competitive advantage are those that possess the VRIO characteristics,which implies that they are  

Valuable, hence there will be no competitive disadvantage

Rare, hence there will be no competitive parity

Imitate, - are costly and difficult to imitate hence they cannot be copied

Organised to Capture Value - which means they are non-substitutable.

4 0
3 years ago
A dividend preference for preferred stock means that:_________A. Dividends must be declared on preferred stock. B. Preferred sha
Airida [17]

Answer:

D. Preferred stockholders are allocated their dividends before dividends are allocated to common shareholders.

Explanation:

Before declaring dividend on common shares, it is always necessary for the company to pay dividends on preferred shares and dividends are declared when there are sufficient profits.

4 0
3 years ago
Within the relevant range, variable costs can be expected to: Multiple Choice remain constant in total as the activity level cha
Rudiy27

Vary in total in direct proportion to changes in the activity level. As this cost increase or decrease, the output level.

<h3>What is the variable cost dependency?</h3>

Variable costs are proportional to output, resulting in a fixed sum per unit produced. It indicates that when more products are manufactured, variable costs will rise; conversely, if fewer products are manufactured, variable costs will fall.

Thus, option C is correct.

For more details about variable cost dependency, click here:

brainly.com/question/17042175

#SPJ1

8 0
2 years ago
Other questions:
  • Business K exchanged an old asset (FMV $95,000) for a new asset (FMV $95,000). Business K’s tax basis in the old asset was $107,
    11·1 answer
  • Jamison Company uses the reciprocal services method to allocate support department costs and has gathered the following informat
    6·1 answer
  • George is considering an investment that will pay $3,250 a year for eight years, starting one year from today. What is the maxim
    7·1 answer
  • Researcher access to confidential records adds to the vulnerability of workers who participate in workplace studies. Inappropria
    6·1 answer
  • In the Solow growth model without population growth or technological progress, if investment is greater than depreciation, the c
    15·2 answers
  • Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or
    11·1 answer
  • True/False
    11·1 answer
  • 32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
    8·1 answer
  • I Will give brain if u give one to me
    13·1 answer
  • Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or con
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!