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
Suppose that a demand curve exhibits two points. Initially, at price P 0 P0 , the quantity demanded is Q 0 Q0 . When price chang
Vinvika [58]

Answer:

Price Elasticity of Demand= \frac{Percentage change in Demand}{Percentage change in Price}

At Price = P_{0}

Quantity demanded = Q_{0}

At Price = P_{1}

Quantity Demanded = Q_{1}

Now,

Percentage change in Demand = \frac{(Q_{1} - Q_{0})}{Q_{0}}

Percentage change in Price = \frac{(P_{1} - P_{0})}{P_{0}}

Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{Q_{0}}}{\frac{(P_{1} - P_{0})}{P_{0}}}

Above formula if used will give the correct answer related to Price Elasticity of Demand.

Another variant of above formula is also being used on prominent basis.

Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{(Q_{1} + Q_{0})} }{\frac{(P_{1} - P_{0})}{P_{1} + P_{0}} }

Utilization of any of the above Formula will give the ideal outcome in estimating Price elasticity of demand.

5 0
3 years ago
During 2020, Morefield Building Company constructed various assets at a total cost of $14,700,000. The weighted average accumula
nikdorinn [45]

Answer:

1. $1,015,000

2. $1,015,000

Explanation:

1. Computation for the Avoidable interest.

First step is to Compute the weighted average interest rate:

Principal Interest

12% ten-year bonds$ 7,000,000 $840,000

9% 3-year note $3,500,000 $315,000

Total $10,500,000 $1,155,000

Weighted average interest rate = $1,155,000 ÷ $10,500,000

Weighted average interest rate= 11%

Now let compute the Avoidable Interest

Weighted Average Accumulated Expenditures *Applicable interest rate = AVOIDABLE INTEREST

$6,300,000 *.10 = $630,000

$3,500,000 *.11= $385,000

Total $9,800,000 $1,015,000

Therefore the Avoidable Interest is $1,015,000

2. Computation for Total interest to be capitalized during 2020

2020 Actual interest cost

Construction note $6,300,000 × .10 =$630,000

12% ten-year bonds, $7,000,000 × .12 =$840,000

9% three-year note, $3,500,000 × .09=$315,000

Total $1,785,000

Therefore Total interest to be capitalized during 2020 will be $1,015,000 which is the LESSER of

$1,785,000

8 0
3 years ago
Facebook is facing a(n) ____________, a situation in which they have to decide whether to pursue a course of action that may ben
Elan Coil [88]
Facebook is facing AN ETHICAL DILEMMA. Ethical dilemma occur when a choice has to be made between two alternatives neither of which resolves the situation in an ethically acceptable manner. When faced with an ethical dilemma, relax, talked with appropriate experienced colleagues, examines the ethical principles involve closely and then make your decision. 
8 0
3 years ago
Fidelity bonds insure
Ronch [10]

Answer:

D

Explanation:

employees

6 0
2 years ago
Read 2 more answers
A company had net income of $930,000 in 2016. Depreciation expense is $104,000. During the year, Accounts Receivable and Invento
enyata [817]

Answer:Cash provided by operating activities= $818,000

Explanation:

Cash Flow from operating activities is the amount of cash generated from the inflows and outflows of the business activities in a company.

Cash Flow from operating activities in 2016

Net income                                                $930,000

Add

Depreciation                                               $104,000

Loss on sale of equipment                        $ 12,000

Prepaid expenses decrease                      $ 8,000

Deduct

Accounts receivable increase                       -$ 60,000

Inventory increase                                           -$160,000

Accounts payable decrease                            -$16,000

Cash provided by operating activities          $818,000

4 0
3 years ago
Other questions:
  • Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with re
    6·1 answer
  • When is a wrecker considered to be an emergency vehicle
    6·2 answers
  • Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to in the supply
    8·1 answer
  • Dustup, a cleaning products company, was trying to revive its old wood floor waxing product. It began offering an augmented serv
    11·1 answer
  • What is one difference between what a Computer Programmer and an Information Support Specialist does?
    10·2 answers
  • Miranda Company borrowed $125,000 cash on September 1, 2019, and signed a one-year 5%, interest-bearing note payable. Assume no
    11·1 answer
  • To fully leverage the capacity of the health workforce and align care processes to emerging financial incentives, scope-of-pract
    12·1 answer
  • In a simple economy​ (assume there are no​ taxes, thus Y is disposable​ income), the consumption function is Upper C equals 1000
    10·1 answer
  • Please help. I will mark you as brainliest !!!
    10·2 answers
  • Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!