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sleet_krkn [62]
2 years ago
13

Can an individual's financial situation change his or her views of what is

Business
1 answer:
lesantik [10]2 years ago
7 0
Yes. Once someone is in a difficult financial situation, they may have to give up some wants and desires in place of things they need. If money is tight, they should rather use what money they have to pay pills and buy food, and not purchase items they want like toys or videogames. When faced with a bad financial situation, an individual is forced to separate what they believe is a want and a need, and choose between the two.
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Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and she can use 24 hours per day. what
Allushta [10]

Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and she can use 24 hours per day. The Market rate of substituion between leisure & income is $8 per day.

Because the budget line FE describes the opportunities available to a worker who has $100 of nonlabor income per week, faces a market wage rate of $10 per hour, and has 110 hours of nonsleeping time to allocate between work and leisure activities This means that the person will choose the level of goods and leisure that lead to the highest possible level of the utility index given the limitations imposed by the budget constraint.  

Leisure is the time when you are free from work or other duties and can relax.

Limitations the act of controlling the size or extent of something the act of limiting something.

Budget is a spending plan based on income and expenses.

To know more about the Leisure here

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2 years ago
Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to intervi
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The best option among the choices provided that has a significantly higher possibility of being hired in a position at Human Resources would be <span>Michelle, who studied psychology and physiology." It would be a great advantage of Michelle to settle on the job since she already has an adequate understanding of people's emotions.</span>
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3 years ago
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Which of the following ways of investing/saving is the most liquid?
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Savings accounts is the most liquid 
5 0
3 years ago
TIME REMAINING
Otrada [13]

Answer:

based on the economics , the one that should be the most influential in making the decisions is : the value of resources The value of resources refer the one's capability in spending their resource to get what they want. An entity with low amount of resources , tend to be more careful about how they spent their resource Hope this helps. Let me know if you need additional help!

Explanation:

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3 years ago
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