Answer:
a. What do Maahir's indifference curves for shampoo and conditioner look like?
When two goods are perfect complements, their indifference curve will be L-shaped. When two goods are perfect substitutes, their indifference curve will be a straight line with a -1 slope.
b. Assume that shampoo costs $0.40 per pump and conditioner costs $0.20 per pump. If Maahir's budget for shampoo and conditioner is $12, use the space below to write the equation for his budget constraint.
0.4S + 0.2C = 12
S = C
the optimal bundle = 12 / 0.6 = 20 pumps of shampoo and 20 pumps of conditioner
Explanation:
Answer:
they both produce the same thing
Explanation:
check the picture attached below for the full explanation.
Net operating income equals (unit sales - unit sales to break even) × unit contribution margin.
What is net operating income?
Real estate professionals utilize the metric known as Net Operating Income, or NOI, to swiftly determine the profitability of a certain venture. After deducting required operational costs, NOI calculates the revenue and profitability of investment real estate property.
Is net operating income the same as profit?
After all, costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses. Contrarily, net income is the profit that is still left over after all expenses made during the time have been deducted from sales revenue.
Learn more about net operating income: brainly.com/question/14103167
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Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
