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Sergio039 [100]
3 years ago
15

Suppose Lois usually buys two cups of coffee for two dollars each and one scone for two dollars each. If the price of scones fal

ls to one dollar each and she now buys two cups of coffee and two scones, this illustrates the:_______.
A) total utility effect.
B) marginal rate of substitution.
C) substitution effect.
D) real-income effect.
Business
1 answer:
777dan777 [17]3 years ago
4 0

Answer:

The correct answer is D. Real income effect.

Explanation:

Real income is defined as the monetary income of an individual, taking into account the effect of inflation. For example, if a person's nominal salary increases by 10% in one year, and inflation is 6% in that year, the actual income will have increased 4% in that year.

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Jayhawk had previously purchased merchandise for $40,000 The company returned $4,000 of the merchandise previously purchased bec
ki77a [65]

Answer:

the options are missing, but I wrote down the two possible answers

the journal entry to record the purchase assuming perpetual inventory method:

Dr Merchandise inventory 40,000

    Cr Accounts payable 40,000

the journal entry to record the damaged merchandise assuming perpetual inventory method:

Dr Accounts payable 4,000

    Cr Merchandise inventory 4,000

<h2>OR</h2>

the journal entry to record the purchase assuming periodic inventory method:

Dr Purchases 40,000

    Cr Accounts payable 40,000

the journal entry to record the damaged merchandise assuming periodic inventory method:

Dr Accounts payable 4,000

    Cr Purchases returns 4,000

8 0
3 years ago
A work breakdown structure must be decomposed at least four levels in order to be effective. true false
Eddi Din [679]

A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE

   By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.

A  Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.

To learn more about Work Breakdown structure click here:

brainly.com/question/5775960

#SPJ4

4 0
1 year ago
Both of Susan’s movies are three days late. According to her receipt, the purchase price of one of her movies is $12. 00 while t
hoa [83]

Answer:

c

Explanation:

$12 + $15 = $27 (that's the answer with the given information)

5 0
2 years ago
Why is the white epiphone explorer more expensive
sukhopar [10]
Explores more or its the newest thing they have...
3 0
3 years ago
According to Laszlo Bock, Google believes in hiring the best talent from the start rather than hoping to develop mediocre talent
Harrizon [31]

Answer:

Training

Explanation:

Talent management strategy is a system adopted by Hr to attract , employee and retain efficient employees in order to maximize business performance.

Continuous training and development is a key talent management strategy used by most companies.

Googles strategy of hiring the best talent from the start rather than developing mediocre talent over time focuses more money on employee selection than training

5 0
3 years ago
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