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REY [17]
2 years ago
10

What is the answer Why is the slope of an indifference curve bowed inward to the origin?

Business
1 answer:
natali 33 [55]2 years ago
3 0

Answer:

Indifference curves have a roughly similar shape in two ways:

Explanation:

1) they are downward sloping from left to right; 2) they are convex with respect to the origin. The downward slope of the indifference curve means that Lilly must trade off less of one good to get more of the other, while holding utility constant.

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Someone who does not have an aptitude or ability in a career area is at disadvantage if they select a career in that
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REM Real Estate received a check for $27,000 on July 1 which represents a 6 month
sweet-ann [11.9K]

Answer:

a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500

Explanation:

When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:

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With the passing of each month, the company <em>earns</em> one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:

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5 0
3 years ago
The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean
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Answer: GNP; GDP

Explanation:

<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

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It’s mainly talking about money and workers and how businesses increase the focus on the task soo i think the answer is “The economy”
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