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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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As Sanjay's company was the first to introduce fresh food meal kits in a box that are delivered to consumers' homes, the idea is an example of innovation.

<h3 /><h3>Business innovation</h3>

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4 0
3 years ago
Marigold Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 4000
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Answer: $‭47,989,000‬

Explanation:

Total Paid-in capital = Preferred stock + Paid-in capital in excess of par value - preferred stock + Common stock +  Paid-in capital in excess of par value - common stock

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3 years ago
A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma b
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a. just-in-time inventory.

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4 0
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Credit sales of assets other than merchandise are recorded in the
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Merchandise with or with out money of course
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Andrew is a financial planner and charges fees of 2% for every investment made. He made investments worth $500,000. What amount
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Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
7 0
4 years ago
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