1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetradugi [14.3K]
3 years ago
5

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>

You might be interested in
One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is th
alexdok [17]

Answer:

the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.

Explanation:

Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.

An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.

The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).

7 0
3 years ago
Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
Nadusha1986 [10]

Clearer question;

Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Tom later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies ____.

Answer:

<u>3. can get started more easily and maneuver faster</u>

Explanation:

Remember, a small company is officially viewed as one having less than 500 employees.

So, Tom's business qualifies as such, and it is quite true to a large degree that small companies can get started more easily and maneuver faster since they require less staff management.

4 0
3 years ago
The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accou
musickatia [10]

Answer:

Cash $426,800.00

Debit side $6,500,000.00

Credit side $6,500,000.00

Explanation:

Preparation of the Unadjusted trial balance

SEASIDE Unadjusted Trial Balance

DEBIT SIDE

Cash 426,800.00

Accounts Receivable 660,500.00

Prepaid Insurance 21,600.00

Supplies 11,200.00

Land 1,850,000.00

Dividends 36,000.00

Wages Expense 2,950,000.00

Utilities Expense 82,000.00

Rent Expense 390,000.00

Supplies Expense 23,700.00

Insurance Expense 18,000.00

Miscellaneous Expense 30,200.00

TOTAL $6,500,000.00

CREDIT SIDE

Notes Payable 75,000.00

Accounts Payable 118,600.00

Unearned rent 12,000.00

Common stock 150,000.00

Retained Earnings 1,814,400.00

Fees Earned 4,330,000.00

TOTAL $6,500,000.00

CASH will be the balancing figure since the total of both Debit and Credit columns of trial balance must equal.

Therefore the Unadjusted trial balance be:

Debit side $6,500,000.00

Credit side $6,500,000.00

8 0
2 years ago
Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
Crazy boy [7]

Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

       To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

         To Cash                              $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr,  $116

       To cash  $116

(Being increase in petty cash is recorded)

6 0
3 years ago
A zero coupon bond: is sold at a large premium. can only be issued by the U.S. Treasury. has a market price that is computed usi
kupik [55]

Answer:

A zero coupon bond:

A. is sold at a large premium.

B. has a price equal to the future value of the face amount given a positive rate of return.

C. can only be issued by the U.S. Treasury.

D. has less interest rate risk than a comparable coupon bond.

E. has a market price that is computed using semiannual compounding of interest.

Answer is : B

Explanation:

In classification of bonds we have a unique type of bond known as Zero-coupon bonds also know as Pure discount bonds, unlike traditional bonds they don’t pay coupon instead they are sold on discount basis and on maturity the bondholder receive a par value, for this reason the price will be at a discount on sale and on maturity be redeemed at par price showing a positive rate of return.

5 0
3 years ago
Other questions:
  • 3. What are you doing to maxiumize your profits at this time?​
    12·2 answers
  • The Uniform Electronic Transaction Act (UETA): a. has been adopted in all 50 states. b. has been declared unconstitutional. c. i
    12·2 answers
  • Content theories attempt to explain work behaviors based on __________.
    8·1 answer
  • Firms Alpha and Beta serve the same market. They have constant average costs of $2 per unit. The firms can choose either a high
    8·1 answer
  • Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities?
    6·1 answer
  • Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks.
    6·1 answer
  • Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households depo
    9·1 answer
  • In what ways did Skilling's involvement in unethical financial and accounting practices benefit stakeholders initially?
    9·1 answer
  • Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly prem
    10·1 answer
  • Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!