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3 years ago

The assumption of continuity says that:

Business

2 answers:

Lostsunrise [7]3 years ago

6 0

Answer:

The correct answer is potion (d) If bundle A is preferred to bundle B, there is a region around A such that any bundle C that lies in that region is preferred to B.

Explanation:

The assumption of continuity is all about the choice of different goods and service which the consumers exercise. When two goods are presented before a consumer, a choice can be made on either of them. He can either choose goods A or goods B.

Again, if goods A has been selected and goods B is left, there is a possibility that goods C which lies in that region will be preferred to B.

elena-s [515]3 years ago

5 0

Answer:

The answer is D. if bundle A is preferred to bundle B, there is a region around A such that any bundle C that lies in that region is preferred to B

Explanation:

Continuity is an assumption. These assumptions are abstractions as such in principle nothing to be found in reality (between the same is the case for distribution models like the famous normal distribution). The reults are reasonably interpretable when the assumptions are reasonable for the data used to fit the models.

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A U.S. automobile company sells many of its cars in countries that have lower taxes on corporate profits than the U.S. Why might

stira [4]

Answer:

It will be more profitable to vertically integrate because the company will be able to further reduce its costs.

Explanation:

Profit = Sales - Cost

The lower the cost, the higher the profit (if sales remains the same).

A Vertical integration strategy requires a company to <u>own or control its suppliers (backward integration) or its distributors or retailers (forward integration)</u>, and therefore, gain more control over its value chain.

<em>If the U.S. automobile company chooses to vertically integrate into the car retailing business in countries where it sells most of its cars, then it would cut out certain costs, such as the cost of contracting with independent car dealers, which would further improve profitability.</em>

Also, such forward integration into retailing means the company will develop processes along its value chain that will increase the efficiency of its operations.

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4 years ago

Which fifth factor of production do many economists now include in addition to the four traditional factors of labor, capital,

Tomtit [17]

Answer:

The correct answer is E, Information Resources.

Explanation:

Factors of production include Labor, Capital, Entrepreneurs and physical resources. But in the recent years, information has become the vital resource for organizations. Correct information and knowledge about a specific thing is crucial to the organization. For example if a company wants to introduce its new product and specifies a target audience, if the company doesn't get the accurate information about the needs and demands of that specific target area, other factor of production won't be of any use. So this information resource has become a vital and important part of the factors of production.

7 0

3 years ago

Read 2 more answers

When several alternative investment proposals of the same amount are being considered, the one with the largest net present valu

Likurg_2 [28]

Answer:

The answer is c. present value index

Explanation:

Present value index is the ratio decided by dividing net present value of the project by its require initial net cash outflows.

Once having constraint on selecting investment with positive NPV to be made due to lack of fund, a firm's usually use Present value index for further decision making.

The investment with higher present value index shows that it generates more net cash flow or in other words, more efficient and requires less initial cash outflow, and thus usually be chosen over the other ones with lower present value index.

4 0

3 years ago

Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,4

uysha [10]

Answer:

Journal Entries

Journal 1 :

Equipment $23,400 (debit)

Cash $23,400 (credit)

Being Purchase of Equipment

Journal 2 :

Cash $6,800 (debit)

Service Revenue $6,800 (credit)

Being Service rendered for Cash

Journal 3 :

Salaries Expense $2,100 (debit)

Cash $2,100 (credit)

Being Salaries expense paid

Explanation:

Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.

8 0

3 years ago

QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio

levacccp [35]

Answer:

$45

Explanation:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365

The total expenses for the year were $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45

7 0

3 years ago