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sp2606 [1]
3 years ago
12

The slope of the budget line is: negative, since to purchase more of one good means giving up some of the other good. zero, sinc

e both prices and income are assumed to be constant. positive, since income and prices are positively related. negative, because of the marginal rate of substitution.
Business
1 answer:
34kurt3 years ago
5 0

Answer:

Negative, since to purchase more of one good means giving up some of the other good.

Explanation:

A budget line illustrates the number of goods, consumers are able to buy with lower income. Thus the price of goods and customers income to be spent on goods determine the budget line.

The slope of the budget line measures the opportunity cost of consuming Commodity A forgetting Commodity B. In order to get more of Commodity A, the consumer will have reduce the consumption of Commodity B Forefeiting the opportunity to consume Commodity B is the true opportunity cost of Commodity A and this measured by the slope of the budget line.

The slope of the budget line shows the amount of a commodityB the consumer must forfeit to purchase one more unit of a commodity A and the slope is usually Negative.

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Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

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1 year ago
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<h3>What is the relationship between variable cost and fixed cost with profit?</h3>

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Variable costs are those that rise or fall in line with the volume of goods produced, while fixed costs remain constant regardless of output levels. Gross profit is significantly influenced by both fixed and variable costs; when production costs rise, gross profit decreases.

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.

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