Question 13 1 pts Comparing the slope of the budget line (Opportunity Cost of Good Y) with the slope of the Indifference Curve (Marginal Rate of Substitution) for a given bundle allows comparison betw een the value of a good in consumption vs. the value of the good in exchange. If the Opportunity Cost is greater than the MRS, the bundle cannot be optimal. Good X 14 B 12 C A 10 IC BL 8 10 Good Y At point A, the budget line is steeper than the indifference curve through A. At point A, the MRS is greater than the oportunity cost of good Y. BL 8 10 Good Y At point A, the budget line is steeper than the indifference curve through A. At point A, the MRS is greater than the oportunity cost of good Y. If the person sold Y and bought Xhe could move from A to B on the budget line. If the person sold 2 units of Y he could buy 4 units of X. At point A, if the person gave up 2 units of Y he would need 2 units of X to stay on the same indifference curve. Because he could get 4 units of good X if he gave up 2 units Y in exchange and it only requires 2 units of X to compensate him for the loss of 2 units of Y, point A cannot be utility maximizing. D Ouestion 14 1nts

Answers

Answer 1

The statement in the question is true.

Comparing the slope of the budget line (which represents the opportunity cost of one good in terms of the other) with the slope of the indifference curve.

(which represents the marginal rate of substitution between the two goods) at a given bundle allows us to evaluate the value of a good in consumption versus the value of the good in exchange.

At point A, the budget line is steeper (has a greater absolute value slope) than the indifference curve through A. This implies that the opportunity cost of good Y (the amount of X that must be given up to obtain an additional unit of Y) is greater than the marginal rate of substitution between X and Y (the amount of X that must be given up to obtain an additional unit of Y while still remaining on the same indifference curve).

If the opportunity cost of good Y is greater than the marginal rate of substitution between X and Y, the consumer is giving up too much of good X to obtain an additional unit of Y, and hence the bundle cannot be optimal.

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Related Questions

each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.

Answers

Answer:

demand is the word.

Explanation:

Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.

does unemployment affect demand?

Answers

Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.

Alana decides to spend 2 hours working overtime rather than going shopping with her friends. she earns $11 per hour for overtime work. her opportunity cost of working is:_______

Answers

Her opportunity cost is the enjoyment she would have received from going shopping.

What is her opportunity cost?

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as intrinsic cost. Economic agents should choose to minimise their opportunity cost.

By deciding to work overtime, she would not be able to go shopping with her friends. Shopping with her friends is the next best opportunity that is forgone. Thus, the enjoyment she would have received from going shopping is her opportunity cost.

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the flexible-budget variance for direct cost inputs can be further subdivided into a

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The flexible-budget variance for direct cost inputs can be further subdivided into a price variance and an efficiency variance.


1. Price Variance: This measures the difference between the actual cost of an input and the standard cost, keeping the input quantity constant. It is calculated as (Actual Price - Standard Price) x Actual Quantity.

2. Efficiency Variance: This measures the difference between the actual quantity of input used and the standard quantity, keeping the input cost constant. It is calculated as (Actual Quantity - Standard Quantity) x Standard Price.

By subdividing the flexible-budget variance, you can better understand the causes of any differences between actual costs and budgeted costs. This information can be used to identify areas for improvement and take corrective action to better manage direct cost inputs.

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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along

Answers

Answer:

Explanation: B) Family dynamics will play a part in business relationships.

QUESTION 1/10
Which of the following is the BEST reason to use cash for making purchases?
A. Knowing what you have spent your money on is simple.
C. Keeping track of how much you have spent is simple.
B. Splitting bills with friends is easier.
D. Getting more cash from an ATM machine is easy to do.

Answers

Answer:

A Knowing what you spent your money on is simple

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character

Answers

Answer:veronica

Explanation:

sure

Answer:

yes i love riverdale my fav character is cheryl or betty

Explanation:

lolLloleoreniiwkv ibyuerw

Answers

Hhahahlool loolllol lol

Suppose that the Fed purchases bonds worth $10 million from a commercial bank. Then all else equal,
(A) the size of the Fed’s balance sheet increases and the size of the commercial bank’s balance sheet increases.
(B) the size of the Fed’s balance sheet remains the same and the size of the commercial bank’s balance sheet increases.
(C) the size of the Fed’s balance sheet increases and the size of the commercial bank’s balance sheet remains the same.
(D) the size of the Fed’s balance sheet remains the same and the size of the commercial bank’s balance sheet remains the same.

Answers

If the Fed purchases bonds worth $10 million from a commercial bank, then the correct answer to this question is (A) the size of the Fed’s balance sheet increases and the size of the commercial bank’s balance sheet increases. When the Fed purchases bonds, it creates new money and deposits it into the commercial bank's account, thereby increasing the commercial bank's reserves.

This increase in reserves allows the bank to create more loans, increasing the size of its balance sheet. At the same time, the Fed's balance sheet also increases as it holds more assets in the form of bonds. It is important to note that when the Fed purchases bonds from a commercial bank, it is engaging in an open market operation.

Open market operations are one of the key tools used by the Fed to influence the money supply and interest rates in the economy. By purchasing bonds, the Fed injects new money into the economy, which can stimulate economic activity. On the other hand, if the Fed were to sell bonds, it would remove money from the economy, potentially slowing down economic activity.

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The corporation that continues to exist after a merger is called the merged corporation.
a. True
b. False

Answers

The correct option is b. False

The corporation that continues to exist after a merger is typically referred to as the surviving corporation or the acquiring corporation.

Surviving And Merged Corporation Explained

When two or more companies decide to merge, they combine their operations, assets, and liabilities to form a new entity. This new entity is often referred to as the merged corporation or the merged entity.

It represents the combined interests, resources, and business activities of the merging companies.

In a merger, the merged corporation typically becomes the surviving entity that continues to exist after the merger is completed. The merging companies' assets, liabilities, contracts, and operations are consolidated into the merged corporation.

The merged corporation may adopt a new name or continue operating under the name of one of the merging companies.

Essentially, the merged corporation refers to the resulting entity that emerges from the merger, representing the integration of the merging companies into a single corporate entity.

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Market failure associated with the free-rider problem is a result of.

Answers

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

What is market failure?

Market failure refers to a situation when there's an inefficient distribution of resources in the market.

Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.

Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

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If you are using your factors of production at 100% efficiency, it is guaranteed that you will be a.) no where on the curve b.) inside the curve c.) at the bottom of the curve d.) somewhere on the curve

Answers

Option(D)   somewhere on the curve is the correct answer.If you are using your factors of production at 100% efficiency, it is guaranteed that you will be somewhere on the curve.

If you are using your factors of production at 100% efficiency, it means you are maximizing the output for a given level of inputs.

In this case, you will be operating at the optimal point on the production possibilities curve (PPC), which represents the maximum possible combination of goods and services that can be produced with the available resources and technology.

If you are using your factors of production at 100% efficiency, it is guaranteed that you will be somewhere on the curve.

Therefore, you will be somewhere on the curve, indicating that you are utilizing your resources efficiently and producing at the highest level possible given the constraints of the production possibilities.

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What is the present value of a 20-year annuity of $2,700 per year; i = 4%. Present value $ What is the present value of a 5-year annuity of $3,500 with the first payment to be received 3 years from now; i = 8%

Answers

The present value of the 20-year annuity of $2,700 per year, with an interest rate of 4%, is approximately $36,693.50.

The present value of the 5-year annuity of $3,500 per year, with the first payment received 3 years from now and an interest rate of 8%, is approximately $4,953.32.

How to Solve for Present Value?

You can use the following formula to calculate the present value of an annuity:

PV = PMT [(1 - (1 + r)(-n)/r]

Where PV denotes the present value

PMT is the period payment amount.

r is the interest rate per period, and n denotes the total number of periods.

1. Present value of a $2,700-per-year annuity for 20 years at 4% interest:

PMT = $2,700 r = 4% = 0.04 n = 20

When we enter these values into the formula, we get:

PV = $2,700 × [(1 - (1 + 0.04)^(-20)) / 0.04] ≈ $2,700 × [(1 - 0.4564) / 0.04]

≈ $2,700 × (0.5436 / 0.04) ≈ $2,700 × 13.59 ≈ $36,693.50

2. Present value of a 5-year annuity of $3,500 per year, with the first payment due in 3 years at an 8% interest rate:

PMT = $3,500 r = 8% = 0.08 n = 5

Because the first payment is due in three years, the annuity is effectively a two-year annuity, therefore we must compute the present value for two years and then discount it back by three years.

When we enter these values into the algorithm for two years, we get:

PV_2years = $3,500 [(1 - (1 + 0.08 + 0.08)(-2)] / 0.08

≈ $3,500 × [(1 - 0.8573) / 0.08]

≈ $3,500 × (0.1427 / 0.08) ≈ $3,500 × 1.784 ≈ $6,244

We must now subtract 3 years from the PV_2years:

PV = PV_2years/1 + r^3 = $6,244 / (1 + 0.08)^3 ≈ $6,244 / (1.08)^3 ≈ $6,244 / 1.2597 ≈ $4,953.32

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Question 7(Multiple Choice Worth 5 points)
(04.02 MC)

With a constant interest rate, which of the following describes the relationship between the term of the investment and the rate of return?

The shorter the term of investment, the lower the rate of return
The longer the term of investment, the lower the rate of return
The longer the term of investment, the higher the rate of return
The shorter the term of investment, the higher the rate of return

Answers

The correct option is C). The longer the term of investment, the higher the rate of return.

What is long-term and short term investment?

Long term investments are those assets in which an individual or a company tends to invest for a period of more than three years such as stocks, real estate etc.

Short-term investments are investments that can be converted into cash or can be sold within a short period of time of one -three years such as short-term bonds, Treasury bills etc.

Long term investment requires high rate of return because are often considered less safe than other assets.

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Marco’s bank statement says that he has an ending balance of $81. What is Marco’s starting balance? a. $255 b. $93 c. $174 d. $210.

Answers

The starting balance would be $255. If the ending balance is $81.

What is the bank statement?

A bank statement is basically a summary of financial transactions that occurred at a certain institution during a specific time period. Bank statements allow its customers to check for mistakes, watch for wary activity, and track their spending.

Computation of the opening balance in Marco's bank:

Given that,

The expense of Marco are:

T-shirt = $20

Gas = $22

Movie = $13

Video game = $39

Jeans = $34

Hat = $15

Books = $31.

Closing Balance=$81

The formula for opening balance(OB) is :

\(\text{OB} = \text{CB}+ \rm{Expenses}\)

Here CB is Closing Balance.

Applying the given values in the formula, we get:

\(\text{OB} = \text{CB}+ \rm{Expenses}\\\\\text{OB} =\$81+(\$20+\$22+\$13+\$39+\$34+\$15+\$31)\\\\\text{OB} =\$255\)

Therefore, Option A is correct.

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Answer:

A :)

Explanation:

hillary is a human resource manager with golden years elder care services. the company is considering offering some new services, and she wants to know how many current employees have certain types of skills and training to adequately perform the new services. a document that would help hillary answer this question is the firm's:

Answers

The document that would help Hillary is human resource inventory

Which duties are the most crucial for HR specialists to perform?

Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources. By handling the employee lifecycle well, an HR department can contribute to organisational structure and the capacity to meet business needs. Not just finding talent, but also keeping talent is one of the biggest HR difficulties that firms will face in 2022. In the next months, employee turnover is causing 48% of HR leaders substantial concern, according to Gartner.

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In which year did gross national product first exceed $11 trillion?

a. 2002
b. 2003
c. 2004
d. 2005

Answers

I believe it is a because gross,s product exceed 11 trillion in the year of 2002

Answer:

2003

Explanation:

Just took Quiz this was correct

Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
A.
Raising its interest rates
B.
Keeping its interest rates low
C.
Increasing its exports
D.
Avoiding debt


Please select the best answer from the choices provided

Answers

Answer:

Keeping its interest rates low

Explanation:

Interest rates correlate with the exchange rate of a country. Low-interest rates are unattractive to foreign investors. Investors associate low-interest rates with reduced returns. In the foreign exchange market, the demand for such a country's currency will below, resulting in a lower exchange rate against other currencies.

If a country has low-interest rates, its currency will be in low demand, meaning its strength will be relatively weaker against the US dollar.  One dollar will be able to buy a large quantity of goods and services from such a country. In other words, that country's exports will be cheaper in the USA.

Answer: B

Explanation:

trust

________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. ________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. Company advertising Institutional advertising Pioneering advertising Advocacy advertising

Answers

Answer:

Pioneering Advertising

Explanation:

Pioneering advertising is the advertising campaign of the new product that should compete the single product by having a developed market place. The motive of this type of advertising is that to inform the consumers with respect to the arrival of the new innovation in the product along with the description of its benefits

So according to the given situation it represents the pioneering advertising

describe the interrelationship of the primary business activities.

Answers

The primary business activities are interrelated because they all work together to create a successful business.

For a firm to succeed, all of its essential components—sales, marketing, finances, and operations—must function harmoniously.

Sales is in charge of generating income, marketing aids in raising awareness of the company and its goods, finance manages finances, and operations make sure that goods and services are delivered on time and to the proper customers.

To help the firm reach its objectives, all of these activities must be coordinated and harmoniously operated.

Revenue generation, which is important for the firm to operate and expand, depends on sales activities.

Marketing efforts are required to raise consumer knowledge of a company's offerings, which may result in higher sales.

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describes employees who are allowed to work remotely.
Networked staff
Overtime employees
Telecommuting employees
Salaried employees

Answers

Answer:

Telecommuting employees.

Explanation:

There are numerous mediums or ways of working in the corporate world. telecommunication is one such way in which the employees are allowed to work from a remote place and do not necessarily need to come to the employer's office to do work.

Telecommunication is also known as work from home, remote work, flexible work, mobile work, etc. among others. This allows the employee to work in his/ her own space, comfort zone and also need not make them go through the hassle of traveling to and back from the office. This, in return, makes it good for the company to reduce costs be it in travel allowances, office space, and other amenities, etc.

Answer:

telecommuting employees

Explanation:

got it right on my quiz

washurcar, which operates five car washes, has to decide whether or not it should invest in the latest drying equipment. what type of decision does this represent for the organization?

Answers

WashUrCar, which operates five auto wetlands, has to decide whether or not it should invest in the rearmost drying outfit. This represents non programmed type of decision.

Non-programmed decision timber is also known as high- participation decision making or nonroutine choice making since it requires a high position of involvement on the part of the decision- maker.

Non-programmed judgements are substantially made by high- position operation when making critical opinions with numerous unknowns.

Anon-programmed decision- making process lacks structure and routine. This is the crucial distinction between programmed andnon-programmed opinions. A nonprogrammed decision description is one that doesn't follow a predefined procedure and doesn't have well- defined criteria.

When dealing with anon-programmed decision- making process, the decision- maker must employ creative thinking and judgement.

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When the loss from a business-stealing externality exceeds the gain from a product-variety externality, what do we expect will happen?

Answers

The amount investors pay for a company's stock that is greater than the stock's par value is known as capital in excess of par.Standard worth is the legitimate capital per share, and is generally imprinted on the essence of the stock testament.

Is capital paid in capital the same as capital paid in excess of par?

The amount paid by an investor above a stock issue's par value is referred to as additional paid-in capital (APIC, or capital in excess of par value).

How is paid in capital greater than par common calculated?

It is calculated by adding the amounts received in excess of the shares' par value to the par value of the issued shares.

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please help, this is very simppleee!! ^^
Thomas is a broker who works at a large investment firm. His job is to research different stocks and make recommendations to his customers on which ones they should invest in. Which career cluster would Thomas’s job fall under?

A) Finance
B) Business management
D) STEM

*Pls don't scam me for points!!

Answers

The answer would be A.

Finance, career cluster, would Thomas’s job fall under. Thus, option (a) is correct.

What is job?

A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working. The job was the source of the income. They are the based on the earnings are the career cluster.

According to the Thomas’s job fall under are the based on the finance. It was the largest investment in the firm are the research are the stocks on the recommendations of the customer. It was the investing company are the related to the finance.

As a result, the finance, career cluster, would Thomas’s job fall under. Therefore, option (a) is correct.

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How will you benefit if you make a charitable contribution to a qualified organization?

Answers

If you make a charitable contribution to a qualified organization, you can benefit in several ways.

Firstly, you may be eligible for a tax deduction. Charitable contributions made to qualified organizations are often tax-deductible, which can reduce your taxable income.

Secondly, making a charitable contribution allows you to support a cause or organization you care about. By donating to a qualified organization, you contribute to the betterment of society, aid those in need, or support initiatives aligned with your values.

Lastly, charitable giving can have personal and societal benefits. It can help foster a culture of giving and philanthropy, inspiring others to contribute and make a difference. Charitable organizations rely on donations to carry out their missions.

Overall, making a charitable contribution to a qualified organization allows you to potentially receive tax benefits, support causes you believe in, and contribute to positive change in society.

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Help this is super confusing

Help this is super confusing

Answers

Answer: Reasons

Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!

The three parts of an income statement heading are _____.


who

when

where

what

motivation of 50. also last year trying to get rid of them. Have a good day :D

Answers

Answer:

Who,When,What

Explanation:

Answer the question(s) below:

“Never mix business with personal matters—it just leads to damaged relationships, poor business decisions, or both.” In what ways might this be a fair statement? In what ways is it unwise advice?

Answers

Answer:

Explanation:

As a general rule, it is generally a good idea to keep business and personal matters separate, as mixing the two can often lead to a range of problems. Here are some examples of how this statement might be a fair:

Damaged relationships: Mixing business and personal matters can lead to strained or damaged relationships, both within a company and with clients or partners. This can occur when personal issues or emotions get in the way of making sound business decisions, or when personal matters are brought into professional situations.

Poor business decisions: When personal matters are allowed to influence business decisions, the resulting decisions may not be the best ones for the company. This can lead to problems such as financial loss, decreased productivity, or damaged reputation.

Both: In some cases, mixing business and personal matters can lead to both damaged relationships and poor business decisions. For example, if a company hires a friend or family member who is not qualified for a position, it can lead to tension within the company and poor performance.

It is generally fair to say that mixing business with personal matters can lead to damaged relationships and poor business decisions. When personal relationships are involved in business dealings, it can be difficult to maintain objectivity and make decisions that are in the best interest of the business. This can lead to conflicts of interest, misunderstandings, and resentment.

On the other hand, it is not necessarily unwise to mix business with personal matters in all situations. For example, if you are starting a business with a close friend or family member, it may be necessary to involve personal relationships in order to build a strong foundation for the business. Additionally, in some cases, personal connections can be a valuable asset in business, as they can help to build trust and facilitate mutually beneficial relationships.

Overall, it is important to carefully consider the potential risks and benefits of mixing business with personal matters, and to take steps to minimize any potential negative impacts on both personal relationships and business decisions.

shifts in the u. s. population have created new challenges for marketers as they adjust their products to meet the tastes and preferences of the growing number of

Answers

Their products to meet the tastes and preferences of the growing number of ethnic groups. Between July 2021 and July 2022, the U.S. population grew by a meagre 0.38%, which is slightly higher than the historically low 0.16% recorded during the first full year of the COVID-19 pandemic.

Even though there were more babies born, there were still a lot of people dying from the pandemic. Reduced immigration, population ageing, and falling fertility rates are likely to be the main causes of the decline in U.S. population growth. The United States' slowing population growth rate is largely due to a decline in net immigration to the country. The highest net migration rates  products out of California are among whites and African Americans.

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US Government uses
____ income taxes to collect revenue.

Answers

Direct. Hope this helps
I think the answer would be direct
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