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
horsena [70]
2 years ago
6

A person has $120 to spend on two goods (x and y) whose respective prices are $3 and $5 per unit. (a) Draw the budget line showi

ng all the different combinations of the two goods that can be bought with the given budget. (b) What happens to the budget line if the budget (money available to spend) falls by 25%. (c) What happens to the budget line if the price of good x doubles? (d) What happens to the budget line if the price of good y falls to $4?
Business
1 answer:
stepan [7]2 years ago
8 0

Answer:

Price of good x is $3

Price of good y is $4

You might be interested in
Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
Rudiy27

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

8 0
3 years ago
Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
kompoz [17]

<u>Solution and Explanation:</u>

  • When interest rate is 8%, opportunity cost is 800 dollar per year for 10000.
  • When interest rate is 10%, opportunity cost is 1000dollar per year for 10000.

McQ ans is C I.e. Qunatity demand decreases as interest rate rises because Md=KPY-hi

It is to kept in mind that with the change in the quantity that is being demanded may fluctuate with the change in the interest rate. The relationship between the price and demand goes hand in hand.  

7 0
3 years ago
You are a rising star in the purchasing department at your company and you have recently been promoted to manager for business s
aalyn [17]

Answer:

E.

Explanation:

Based on the information provided within the question it can be said that you will be purchasing janitorial services. This is because from the description of your job tasks, you handle purchases of services. That being said the only service available to choose from the answers provided are janitorial services. Therefore it is the only option that falls into your job responsibilities.

3 0
3 years ago
Business studies December axam papers​
Fudgin [204]

Answer:

really in December

Explanation:

thx for info

5 0
2 years ago
Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60
Effectus [21]

Answer:

Net accounts receivable Before $18,600 and  After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off  

Accounts Receivable = $19,600  

and Allowance for doubtful debt = $1,000

so Net accounts receivable =  $19,600 - $1,000 =  $18,600

so

Journal Entry for write off is here    

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is    

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500  

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and  After $18,600

6 0
3 years ago
Other questions:
  • You are going to the movie theater with your grandparents and your younger brother. Senior citizen tickets cost $6, your ticket
    15·1 answer
  • From the list, select reasons people get insurance.
    6·1 answer
  • The principal underwriter of an open-end investment company decides to offer a trip to south america to the registered represent
    10·1 answer
  • Maynard, Joan, Jaco, and Neil are trying to form a band. They each have some basic skills on most instruments, so their current
    10·1 answer
  • what is the relationship between logistics and supply chain management? in what ways are they different
    11·1 answer
  • Suppliers will supply more of a good when the price of that good rises because the opportunity cost of producing that good has r
    10·1 answer
  • Mattel wanted to determine if a new toy would appeal to preschoolers, so it put six 4-year-olds in a room with several toys and
    5·1 answer
  • Billie Bob purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the c
    13·1 answer
  • Kelly decided to accept the risk and purchased a high growth stock. Her returns for the past five years are 32 percent, 24 perce
    10·1 answer
  • An increase in the price of a product will reduce the quantity demanded for that product because:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!