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spayn [35]
4 years ago
13

Monroe consumes crab cakes and tuna. Monroe's utility increases with the consumption of crab cakes, but his utility neither incr

eases nor decreases with the consumption of tuna. Assuming tuna is on the x-axis and crab cake is on the y-axis, what do Monroe's indifference curves look like? A) horizontal linesB) vertical lines C) upward-sloping lines from the origin D) downward-sloping lines
Business
1 answer:
SpyIntel [72]4 years ago
8 0

Answer:

A) horizontal lines

Explanation:

An indifference curve is a curve that shows the two combinations of goods that gives a consumer equal satisfaction.

If Monroe's utility doesn't increase with the consumption of crab cakes, his indifference curve would be a horizontal line. This is because crab cakes and tuna are perfect subsistuites. Monroe would be willing to substitute tuna for crab cakes as he doesn't derive any satisfaction from consuming tuna.

I hope my answer helps you

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When Microsoft introduces a new version of its Windows operating system, it typically uses selected magazine, Internet, and dire
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Answer:

The correct answer is the option C: Media Mix

Explanation:

To begin with, in the area of marketing, there are four major variables to work with, the four Ps are: Product, Price, Place and Promotion. This last one, promotion, has the importance of finding the proper media o channel to deliver the message that was developed by the advertisers. Therefore that it is in this part where the employees of the company are looking forward to choose the better channels to deliver their message and the term of media mix in here indicates that group of channels that the workers decided. That is why, when Windows decide to deliver they marketing message of a new operative system they select a magazine, internet and direct mail, all that, comprehends its media mix.

6 0
3 years ago
Which of the following costs is often important in decision making, but is omitted from conventional accounting records? A. Fixe
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The correct option is B - Opportunity Cost

<u>Explanation:</u>

Generally, an opportunity cost is the benefit that you gave up when you pass on that option in favor of another option. For instance, by choosing to purchase furniture instead of taking a vacation comes at the cost of not experiencing the relaxation and fun associated with a vacation. All options have opportunity costs (getting married instead of staying single, investing in school instead of retirement, etc).

Everyone should know that opportunity cost is a very important concept that doesn’t just have its application in economics; you can apply it to all aspects of your daily life. Whether you’re cooking, eating, playing soccer, going to the movies, or hitting the gym, so long as you’re breathing, evaluating the choices you’re presented with is an inevitability, whether conscious of it or not.

8 0
3 years ago
Exercise 7-29 (LO. 6) Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business inco
Taya2010 [7]

Answer:

From 2018, there is a threshold limit of $250,000 defined by IRS for single:

(a) Tim has an excess business loss:

= Business loss - Threshold

= $350,000 - $250,000

= $100,000

(b) Tim may use $250,000 of the $350,000 LLC business loss to offset non business income.

The excess business loss is treated as the portion of the Tim's NOL carry forward.

Excess business loss of $100,000 will be treated as the NOL carryforward to subsequent years.

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3 years ago
Under GASB standards, financial information useful for assessing operational accountability is primarily reported in which finan
ANEK [815]

Answer: b. Yes; No

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The Government Accounting Standards Board (GASB) is simply a non-governmental organization which is private that helps in the creation of accounting reporting standards, for both states in the United States and the local governments.

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3 years ago
Describe the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations.
Alekssandra [29.7K]

Describing the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations. We can explain them as follows.

In an ethnocentric management orientation, domestic enterprises or organizations think that their domestic activities or practices within the domestic area influence the domestic market. In this situation, the management teams are frequently transferred from their hometown or place of origin to a new site or a foreign nation.

The approach known as polycentric management orientation is one in which companies and organizations think there is always a distinctive strategy in every global market. This entails hiring and advancing suitable people from the same nation or region that the company works in. It primarily aims to lower hiring costs.

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Hence, differences among them have been explained above.

Learn more about Management:

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