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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>

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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May JuneManuf
Juli2301 [7.4K]

Answer:

Total cash expense= $181,675

Explanation:

Giving the following information:

Manufacturing cost:

April= $155,800

May= $190,300

Insurance is not paid in May.

Property tax is paid in November.

Depreciation is not a cash expense.

<u>Total cash payment May:</u>

Manufacturing cost May= 190,300*0.75= 142,725

Manufacturing cost April= 155,800*0.25= 38,950

Total cash expense= $181,675

4 0
3 years ago
Alfred is saving up money for a down payment on a townhouse. He currently has $5016$ 5016, but knows he can get a loan at a lowe
VikaD [51]

Answer:

It will take Alfred to accumulate the $5994 annually 4.1367 and monthly 4.0557

Explanation:

In order to calculate how long will it take Alfred to accumulate the $5994 we would have to use the following formula:

A=P(1+r/n)∧n*t

P=$5,016

A=$5994

r=4.4%

n=1 annually

n=12 monthly

Therefore, t annually would be as follows:

5,994=$5,016(1+(4.4%/100)/1)∧1*t

t=4.1367

Therefore, t monthly would be as follows:

5,994=$5,016(1+(4.4%/100)/12)∧12*t

t=4.0557

It will take Alfred to accumulate the $5994 annually 4.1367 and monthly 4.0557

7 0
3 years ago
The most helpful kind of business and why?
agasfer [191]

Answer:

Hair Salon

Explanation:

An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.

5 0
3 years ago
Suppose that Under Armor and Nike are the sole producers of a particularly comfortable athletic shoe. The two firms currently ch
gayaneshka [121]

Answer:

b. both firms will reduce their price.

Explanation:

The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant

So as per the given situation, both the firm should decrease their price

hence the option b is correct

7 0
2 years ago
When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?
jarptica [38.1K]
You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.
4 0
4 years ago
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