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sp2606 [1]
4 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:
34kurt4 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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Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for th
Sonbull [250]

Answer:

$8,100

Explanation:

As per the data given in the question,  first we have to determine the total cost and per unit cost for allocation made to Loin chops which are shown below:

Total cost = cost of loin + cost of chops + cost of ground + cost of bacon

= ($2,700 × 5) + ($9,000 × 2) + ($3,750 × 4.6) + ($7,500 × 3.5)

= $75,000

Therefore, per unit cost is

= Total joint Cost ÷ total cost

= $45,000 ÷ $75,000

= $0.6

Hence allocation to loin chops is

= ($2,700 × 5) × $0.6

= $8,100

4 0
3 years ago
In your opinion how have human rights changed from the industrial revolution till the modern economy of today
iren [92.7K]

Answer:

Yes human rights have been changed

Explanation:

Industrial revolution has terribly effected the human rights. Actually the industrial revolution was required due to the urbanization, where maximum villages and towns were transformed into cities and big cities. Due to lot of immigration towards the cities the demands of people were exceeded and industries were inaugurated to meet the demands of the people.  

As the industries grown on the larger scale they needed more employees to work. As many people were hired and people keep on moving towards big cities and the rate of employment was decreased day by day. When there was unemployment then human rights were suffered in a way that child labor has been increased which is below the dignity of the humanity. Children use to be hired in companies and they were offered with low wages. Due to unemployment the children were compelled to work harder on less wages.  

In such situation the industries started hiring the females on less wages then boys. It was another gender based discrimination arose. Women use to meet their expenses by themselves due to higher rate of employment. It was against the humanity that boys were preferred over girls for some of the jobs and for same job they were offered with more peanuts.  

In today's era human health is been suffering due to industrialization. People are suffering with lungs cancer ,they are getting dumb and mental diseases are effecting badly the humans. This is the factor of humanity getting affected by industries. The industries are using the chemicals in the industries that is not good for the health of the humans and even the industries are making some products those are not good for human health and causing serious disease as well. So industrial revolution has effected the humanity badly.

5 0
3 years ago
Webster Corporation's monthly projected general and administrative expenses include $4,500 administrative salaries, $1,900 of ot
zhannawk [14.2K]

Answer:

$8,500

Explanation:

Total budgeted general and administrative expenses are the compulsory daily cost expended to ensure that a company's operations is maintained irrespective of whether the company is making profit or not.

Examples of general and administrative expense includes rent, utility bill, insurance, depreciation of office furniture, insurance and wages etc.

Therefore,

Total budgeted general and administrative expenses budgeted per month = Administrative salaries + Other cash administrative expenses + Depreciation

= $4,500 + $1,900 + $2,100

= $8,500

8 0
3 years ago
assume that your publicly traded company attempts to be completely transparent about its financial condition, and provides thoro
snow_tiger [21]

Answer:

A company's stock price is defined by the demand the market has over it, by the analyst researching it and their forecast of growth, as well as the performance of the company at generating income.

Explanation:

The P/E ratio or price over earnings ratio is the ratio that explains the price of a stock. We take the price of the stock and then divide it by the earnings per share obtained by quarter and then by year when the fiscal year is over. It is influenced by the demand of the stock in the markets, by the projection analyst may have after researching the company and by the income, the company generates. Today there is an overvaluation of the stocks in all the markets. However by following the advice of W. Buffett and Peter Lynch, as well as Soros we can find undervalued stocks.

8 0
3 years ago
What are the main 5 main areas of your life that define your role and responsibilities
Nonamiya [84]

School

Knowledge

Books

Library

My house

5 0
3 years ago
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