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MissTica
3 years ago
5

In the past, jaleel's vacation time has been spent at home catching a few local attractions when she could afford them. this yea

r, she received a big bonus at work and has decided to finally take the trip to europe that she has always dreamed about. jaleel's purchasing behavior has changed due to_________.
a. the income effect.

b. the substitution effect.

c. cross-price elasticity.

d. the complementary products effect.

e. the substitute products effect.
Business
1 answer:
vlabodo [156]3 years ago
5 0

Answer:

a. the income effect.

Explanation:

The income effect is the change in demand with respect to the good or service that due to change in the purchasing power of the consumer results in change in real income

Since in the situation it is mentioned that she received a big bonus this year and she decided for a trip to europe so here the purchasing power would be changed due to the income effect

hence, the option a is correct

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lilavasa [31]

Answer: A) is the increase in total cost resulting from producing one more unit.

Explanation:

Marginal cost is the increase in total cost that a company incurs from producing one more unit of the good being produced. It includes both fixed and variable cost and can be calculated by dividing the change in cost by the change in quantity.

Marginal cost is an important metric in profit maximisation because it tells the point where profit is maximised when it equals Marginal revenue.

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2 years ago
An engineer has a fluctuating future budget for the maintenance of a particular machine. During each of the first 5 years, $10,0
ella [17]

Answer

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Explanation  

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7 0
3 years ago
Baldwin corp. ended the year carrying the most inventory. calculate baldwin corp.'s dollars of additional revenue (in dollars) i
wariber [46]

Based on the value of Baldwin Corp's existing inventory, the dollars of additional revenue that would have been earned is $19,923,000.

<h3>What amount of dollars of additional revenue would Baldwin have earned?</h3>

The dollars of additional revenue that a company would have earned is the value of the existing inventory because inventory is assumed to be sold at cost.

Baldwin's existing inventory was valued at $19,923,000 so the dollars of additional revenue would be the same amount of $19,923,000.

Full question is:

Baldwin corp. ended the year carrying the most inventory of $19,923,000. calculate Baldwin corp.'s dollars of additional revenue (in dollars) if all existing inventory were sold at the current prices.

Find out more on the effects of existing inventory at brainly.com/question/24868116.

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6 0
1 year ago
The purpose of the general journal is to show accounting events in their __________ sequence.
Valentin [98]

Answer:

Chronological

Explanation:

For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.

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So it would be chronological

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3 years ago
Cho ví dụ môi trường kinh doanh ở các nước đầu tư
Snowcat [4.5K]

Answer:

???

Explanation:

3 0
2 years ago
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