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TiliK225 [7]
3 years ago
13

When a consumer is in equilibrium this means that he or she is: A. maximizing his or her income. B. consuming goods with the hig

hest total utility. C. consuming the best market basket, given his or her preferences, income, and prices. D. consuming the largest market basket possible.
Business
1 answer:
Whitepunk [10]3 years ago
5 0

Answer:

The correct answer is letter "C": consuming the best market basket, given his or her preferences, income, and prices.

Explanation:

Consumer equilibrium implies the point in which their needs are being met according to the resources available consumers are willing to use. This state is achieved when individuals have optimized their basket of goods in quality and quantity according to their expectations. Such a scenario also implies consumers' income has not been negatively affected and prices of the goods purchased are at their corresponding equilibrium point.  

To conclude, <em>the consumer equilibrium takes place when both the market and customers' expectations are aligned.</em>

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Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It al
stepan [7]
The right answer for the question that is being asked and shown above is that: "<span>Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.</span>
5 0
3 years ago
The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.
Alisiya [41]

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

  • Supply
  • Demand
  • Competition
  • Prices of goods

Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

Learn more about microeconomics here : brainly.com/question/8648375

7 0
2 years ago
Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4
devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0
2 years ago
When a government seizes an investment of a foreign investor but some reimbursement for the assets is made, the government follo
Sladkaya [172]

Answer:

(B)  expropriation.

Explanation:

Expropriation is the demonstration of an administration taking exclusive property against the desires of the proprietors, apparently to be utilized for the advantage the general open. In the United States, properties are regularly dispossessed so as to manufacture expressways, railways, air terminals, or other foundation ventures.  

It is the seizure of private property by an open organization for a reason regarded to be in the open intrigue

6 0
3 years ago
In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken
Artist 52 [7]

Answer:

The correct option here is C) units in the beginning work in progress period which were completed , units which were started and completed, and units in ending work in progress.

Explanation:

FIFO ( First in first out ) method is used to take out the cost per unit when doing process costing, in this method it is assumed that the inventory which were not finished during the beginning of period would be first completed and then new shall be started.

To take out the equivalent cost per unit under the FIFO method we will add the units which were completed in the beginning plus units which were started and completed during the period and plus the units which are left in ending work in progress.

5 0
3 years ago
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