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PolarNik [594]
3 years ago
12

Ted has 600 dollar a week to spend on clothing and food the price of clothing is 30 dollar and price of food 5 dollar .What is t

he ted budget line limitation for the two goods?
Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

The budget line for the two goods is $30 × Clothing + $5 × Food = $600

Explanation:

As Ted has only $600 amount of money available with him to spend the money for getting the food as well as clothing in this week. And the food cost him $5, clothing costs him $30. Therefore, in order to have both items in the amount of $600, the budget line would be:

$30 × Clothing + $5 × Food = $600

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3 years ago
Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
pav-90 [236]
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8 0
3 years ago
Jose's Pizza Parlor, Inc., recently acquired controlling interest in Mariana's Pizza Parlor, Inc. This acquisition is called:
deff fn [24]
(D) Horizontal merge
4 0
2 years ago
During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h
bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

              Population grew by 4%

              GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0
2 years ago
On January 1, Greene Inc. issued $5,000,000, 9% bonds for $4,685,000. The market rate of interest for these bonds is 10%. Intere
skad [1K]

Answer:

b.$296,500.

Explanation:

Calculation to determine what Greene should report as unamortized bond discount

First step is to calculate the discount amount

Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)

Discount Amount= $18,500

Now let determine the unamortized bond discount

Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500

Therefore Greene should report unamortized bond discount of $296,500

5 0
2 years ago
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