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aivan3 [116]
3 years ago
8

In producing a budget constraint line for combinations of staples and paper clips, which are sold by the box, a student labels t

he points (0,5) and (10,0) along the line. Staples occupy the vertical axis, while paperclips are situated on the horizontal axis. Therefore, boxes of ____.
Business
1 answer:
kumpel [21]3 years ago
5 0

Answer:

Boxes of staples (maximum) that can be purchased by available income are 5.

Maximum boxes of paper clips that can be purchased by available income are 10.

Explanation:

Budget Line is the graphical representation of product combinations, that consumer can purchase with prices & income (spending all income).

It is downward sloping - as given same income & price levels, one good's consumption can be increased by reducing consumption of other good.

The intercept of downward sloping budget line is the maximum amount of that axis good which that consumer can consume with given income, price.

That maximum amount of purchasable good is Income/price of that good. Eg: Income = 100, Price of Good 1 on X axis = 10, Price of Good 2 on Y axis = 5. So :

  • Maximum amount of good 1 purchasable = 100/10 = 10. It is on X axis, x axis intercept is (10,0) ; and
  • Maximum amount of good 2 purchasable =  100/5 = 20. It is on Y axis, y axis intercept is (0,5)

Good 1 & Good 2 are analogous to Staples & Paper Clips respectively.

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The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a.
ExtremeBDS [4]

Answer:

b.

Explanation:

According to the music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes our personal taste and decisions regarding music. Just like in high school, groups have the ability to influence other peoples decisions. Especially those who look to those groups as superior. Which was demonstrated by the study mentioned in the question in regards to music.

5 0
3 years ago
The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel, The High Window, was sold at auction in 20
Strike441 [17]

Answer:

The time line from minting to the first sale is:

0-192

$15 - $430,000

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r :

r = (FV/PV)1/t - 1

r = ($430,000/$15)1/192 - 1

r = .0549, or 5.49%

The time line from the first sale to the second sale is:

0-35

$430,000 - $4,582,500

we can use either the FV or the PV formula. Using the FV formula, that is:

FV = PV(1 + r)t

Solving for r:

r = (FV/PV)1/t - 1

r = ($4,582,500/$430,000)1/35 - 1

r = .0699, or 6.99%

The time line from minting to the second sale is:

0-227

$15 - $4,582,500

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r, we get:

r = (FV/PV)1/t - 1

r = ($4,582,500/$15)1/227 - 1

r = .0572, or 5.72%

6 0
3 years ago
The five basic characteristics of a quality marketing objective is that be
Kobotan [32]
Marketing strategy, executive summary, situation analysis, controls,financials hope this helps
7 0
3 years ago
The Johnson Family is looking to buy a new house on Belmont Road. Their insurance deductible is increased by $500 if they live m
user100 [1]

Answer:

a) Absolute Value Inequality => Absolute(0 + y) < 2

b) -2 < y < 2

Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

Explanation:

<u><em>Johnson Family has to live within the range of -2 to +2 from the fire department. </em></u>

<em>a) Absolute Value Equation:</em>

Absolute(0 + y) < 2

where y represent the location of the new house and 0 represents the location of the fire department.

Furthermore,

<em>Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve. </em>

and

<em>Absolute(0+y) <2 =  -(0 + x) < 2 when (0 + y) is -ve. </em>

b) When (0 + y) is +ve,

we have,  (0 + y) < 2.

<em>Solving for y and subtracting 0 from both sides. </em>

0-0 + y < 2 - 0

<em>y < 2</em>

and when (0 + y) is -ve,

<em>we have, - (0 + y) < 2. </em>

Solving for y:

- 0 - y < 2

multiplying negative from both sides

<em>y > - 2</em>

<em>So, we have -2 < y < 2 </em>

<em>Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible. </em>

7 0
3 years ago
Which of the following accounts will give u the least access to your money
FrozenT [24]
What are the options?
6 0
3 years ago
Read 2 more answers
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