1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OverLord2011 [107]
3 years ago
8

The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the rela

tive price of the two goods. C. reflects the trade-off the market is offering the consumer. D. all of the above are correct.
Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer:

B. equals the relative price of the two goods.

Explanation:

A budget constraint refers to how much money a person or a company has to spend in any given pair of goods or services, e.g. you have $10 and you want to eat hot dogs and drink Coke.

The slope of the budget constraint refers to the relative price of the two goods or services, e.g. a hot dogs costs $2 and a Coke costs $1.50. The slope of the budget constraint = $1.50 / $2 = 0.75. The slope of a budget constraint is always equal or less than 1, that is why the smallest value is the numerator.

You might be interested in
You are planning to build a new home with approximately 2,000-2,500 gross square feet of living space on one floor. In addition,
Sphinxa [80]

Answer:

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

5 0
3 years ago
Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo
MAXImum [283]

Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

Explanation:

In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.

This is an overstatement of assets of the company.

This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

7 0
3 years ago
Land costing $77,900 was sold for $99,800 cash. The gain on the sale was reported on the income statement as other revenue. On t
Harlamova29_29 [7]

Answer:

$99,800

Explanation:

The statements of cash flows show cash inflows and out flows from the business activities which are recognized as operating, investing and financing activities.

When an asset is sold, the amount received from the sale of the asset is recognized as an inflow in the investing section of the cash flow statement.

The gain/loss from the sale would have been treated in the operating section based on the effect it had in the income statement while computing the net income of the company.

4 0
3 years ago
A faxed acceptance of a contract becomes effective instantaneously when the transmission lines are open and both sending and rec
mariarad [96]

Answer:

TRUE

Explanation:

acceptance of a contract becomes effective, regardless of the medium of sending and receiving the information.

8 0
3 years ago
"Many forms of online communication, such as e-mails, tweets, and the content of Web pages, requires short-form, concise writing
STatiana [176]

Explanation:

The advertising strategy before the internet was carried out on platforms such as radio, television and newspapers, which were the media that people most had access to. Currently, the internet is the main platform for advertising and interaction between companies and consumers. This is due to the ease and speed with which the flow of the internet happens, the messages are seen almost instantly and available in the palm of the hand, available from a smarthphone.

However, despite the ease of implementing marketing through social media, it is necessary for companies to adopt an advertising engagement strategy, the narrative must be summarized and contain essential traits that convey who the company is and what it wants to pass on to consumers , generating value and direct communication, making the message different and striking in a medium where there is different information every second.

4 0
3 years ago
Other questions:
  • Larry has booked a hotel room for a conference at a rate of $100 per day for five days. when he arrives to check in, larry is to
    15·1 answer
  • Check my answers?
    9·1 answer
  • How can being a team player contribute to the salesperson’s success? To the success of the salesperson’s business?
    9·1 answer
  • In 2021, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the $350,000 cost of equipment
    12·1 answer
  • Dry cleaning companies often charge more for women's blouses than men's shirts. They claim that this is because women's blouses
    10·1 answer
  • A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of $50 on June 16. What amount i
    11·1 answer
  • Based on expectations theory, the term structure of interest rates will be _____ anytime investors believe that interest rates w
    12·1 answer
  • Willamette Manufacturing estimated that its total payroll for the coming year would be $650,000. The workers' compensation insur
    14·1 answer
  • Suppose that $1 lottery tickets have the following probabilities and values: 1 in 5 to win a free ticket (worth $1), 1 in 100 to
    10·1 answer
  • Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sal
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!