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3 years ago

If the price of one of the products associated with indifference curves increases, all else the same, what is the result?

Business

2 answers:

Rudik [331]3 years ago

5 0

Answer:

The individual is able to get to a lower level of utility

Explanation:

Cloud [144]3 years ago

5 0

Answer:

The correct answer is letter "C": The individual is able to get to a lower level of utility.

Explanation:

An Indifference Curve determines the combination of two goods that will provide equal satisfaction. If you want more of one good and less of another, you will be willing to trade some of one for more of the other. But the amount of the first good you are willing to give up will decrease once you obtain more of the second.

<em>In front of the raise of the price of the goods, plotted in a graph, the indifference curves move inwards implying the consumer satisfaction reduces.</em>

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The Cozy Company manufactures slippers and sells them at $ 10 a pair. Variable manufacturing cost is $ 5.75 a pair, and allocat

yulyashka [42]

Answer:

(b) $ 43 comma 750 increase

Explanation:

Consider the Incremental Costs and Revenues arising from accepting the Special Order.

Note: Cozy Company has enough idle capacity available to accept a one-time-only special order, therefore the fixed costs are irrelevant for this decision, since order is accepted within the normal operating capacity.

Sales (25,000×$ 7.50) $187,500

Variable manufacturing (25,000× $ 5.75) ($143,750)

Net Income/(loss) $43,750

<u>Conclusion</u>

Therefore, Operating Income would increase by $43,750 as a result of Accepting the Special Order.

7 0

3 years ago

Bart's Appliance Center owner Ron Bart feels that his organization has access to a great deal of information generated both insi

leonid [27]

Answer: (C) Marketing information system

Explanation:

The marketing information system is one of the important tool that helps the managers in an organization for making various types of desc ions regarding the development and the promotion of the product.

The marketing information system is basically define as the structure of the method in an organization that helps in the analysis of the data and then represent the information more efficiently.

The information related to the marketing is formally analyzed , stored and also distributed according to the requirement in an organization.

Therefore, Option (C) is correct.

6 0

3 years ago

What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental age

Fed [463]

Options:

a. Institute for Safe Medication Practices.

b. Institute of Medicine.

c. National Committee for Quality Assurance.

d.The Joint Commission.

Answer:

b. Institute of Medicine.

Explanation:

Interestingly, according to information found on its website, the The Institute of Medicine (IOM) is an independent, nonprofit organization that provides advice to decision makers and the public, which includes distributes information related to health care for the purpose of improving health to governmental agencies, the public, business, and healthcare professionals.

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3 years ago

Two economists from Ohio University estimated that the demand curve for kerosene in Indonesia was such that a 10 percent increas

zmey [24]

Answer:

C) i and ii

Explanation:

Price elastic of demand (PED) of kerosene = 2.2% / 10% = 0.22 price inelastic demand

When two products are substitutes, an increase in the price of one of the products will not only reduce the quantity demanded of that product, but it will also increase the quantity demanded of its substitute products. In this case, an increase in the price of electricity, increases the quantity demanded for kerosene, which means that they are both substitute products.

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3 years ago

Instructing your broker to buy or sell a stock at a particular price is a:

Liula [17]

Trading or Marketing guides/instructions

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3 years ago