Answer:
consumer
Explanation:
a consumer buys and utilizes merchandise
Answer:
The correctt answer is B. it violates the matching principle
Explanation:
The principle of correspondence, similar to the realization of income, is another considered important in the determination of accounting profits. According to the principle of correspondence, all costs and expenses related to the generation of income are made by doing the same with the latter. In other words, correspondence of income expenses is established, deducting those from these.
An argument that is not against specializing in a single good in the real world is that specialization in a single good makes dumping easier and more effective.
If a country specializes in a single good, less waste will be produced and it can be dumped easily at one place and can be used or recycled more easily than to dump several different kinds of goods as they will need different technologies and to segregate them will be a hard job to do.
Countries improve their production of the commodity in which they specialize. There are many benefits to consumers if a country does so as specialization lowers the opportunity cost of production, increasing global production and lowering prices. These reduced pricing and increased supply benefit consumers.
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Answer:
Option c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level.
Explanation:
This is the very definition of an indifference curve. The points in an indifference curve are the combinations of the quantities (level of consumption) of two different goods which will produce the very same utility to the consumer. The consumer will perceive any of those combinations as having the same utility for him.
For example, a usual graph of various indifference curves will look like the graph attached.
In this graph the combination of 2 pairs of shoes and 15 pants will be perceived as having the same utility as the combination of 5 pairs of shoes and 4 pants. Both are combinations in the same indifference curve, the green one, and the utility of any combination lying in that green curve will be rated the same: u = 1.
