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pantera1 [17]
3 years ago
12

Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifferenc

e map. If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating: Group of answer choices clockwise about the fixed horizontal axis intercept. clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed horizontal axis intercept. none of these options is correct.
Business
1 answer:
gogolik [260]3 years ago
8 0

Answer:

counter-clockwise about the fixed horizontal axis intercept.

Explanation:

An indifference curve is a graph that shows the two combinations of goods for which an individual is indifferent in its consumption.

Points on an indifference curve represents various combination of goods to which an individual is indifferent to

higher indifference curve represents higher level of utility

An indifference map is a graph of various indifference curves

On the indifference map, indifference curves that are higher would be more preferred to those that are lower

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What is not an example of money?
melamori03 [73]
B. credit because credit is just how well you pay bills
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7 0
3 years ago
Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,
densk [106]

Answer:

=112.785

Explanation:

Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.

The formula for calculating the average days in inventory is as below.

Days in inventory = Average inventory /cost of goods sold x 365

for Re-UP Enterprises: average inventory = $189,880

cost of goods sold =$613,500,

Days in inventory

= $189,880/613,000 x 365

=0.309 X 365

=112.785

6 0
3 years ago
If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labo
IRISSAK [1]

Answer:

US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.

Explanation:

Absolute Advantage is when a country can produce more output per input of a commodity, than other country.

Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)

China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.

However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.

7 0
3 years ago
Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real est
Wittaler [7]

Answer:

The correct answer is C

Explanation:

The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.

For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).

So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.

3 0
3 years ago
Taking ownership of the job and seeing what needs to be done and doing it are characteristics described as
aev [14]
I'm pretty sure it is d.


Hope this helps!
3 0
3 years ago
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