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3 years ago

Which of the following statements is false?

Business

1 answer:

iris [78.8K]3 years ago

6 0

Answer: The following statement is false: A consumer is indifferent among all consumption bundles along a given budget line.

Reason: A consumer is not indifferent among all consumption bundles along a given budget line since different consumption bundles yield different utility and thus do differ in preference as well.

Let's assume a budget line: px +py ≤ m

Now, let's consider two different consumption bundle A( $x_{1}$ , $y_{1}$ ) and B( $x_{2}$ , $y_{2}$ )

We can plot them on a graph and compare the difference in regards with the above answer.

Both of these consumption good might be on the budget line but will lie on different indifference curves and thus will yield different utility.

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Meeting the spending targets in this budget meant some very difficult choices. —president barack obama, 2012 budget message of t

Ostrovityanka [42]

The meaning of making "difficult choices" when creating a federal budget is: D. deciding what will be funded and what will be cut.

<h3>What is a federal budget?</h3>

A federal budget refers to a financial plan that is typically used by the government for the estimation of the revenue (taxation) and expenditures (spending) of a country over a specified period of time, which is often one year.

This ultimately implies that, making "difficult choices" when creating a federal budget simply means to decide what will be funded by the government and what will be cut from the budget.

Read more on budget here: brainly.com/question/13964173

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5 0

1 year ago

You purchase both potatoes and gasoline regularly. Your income decreases, and you purchase less gasoline. This means that: Gasol

KIM [24]

Answer:

Gasoline is a normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

Because the demand for gasoline falls when income falls, gasoline is a normal good.

I hope my answer helps you

7 0

3 years ago

Do you think most employers are serious about the development of their employees or are they only concerned with productivity?

Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

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2 years ago

Mom &Pop Inc. has a demand forecast for the next 6 month. It can currently produce 2000 units per month and each worker can

LiRa [457]

Answer:

See attached picture.

Explanation:

See attached picture for explanation.

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3 years ago

Mcdonald's, a fast food chain headquartered in the united states, applies the morality it practices in the united states to all

Helen [10]

Mcdonald's, a fast food chain headquartered in the united states, applies the morality it practices in the united states to all foreign countries in which it operates. mcdonald's is adhering to "Moral Universalism". Moral Universalism is the need for a moral standard that is accepted by all cultures.

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2 years ago