True or False. Please explain
Dwight’s utility function is U(a,b) = a0.4b0.6, where a is his consumption of apples and b is his consumption of bananas. If prices and income change in such a way that Dwight’s old consumption lies on his new budget line, then Dwight will not change his consumption bundle.
Answers
False, the given utility function is U(a, b) = a^0.4b^0.6. For Dwight, a is his consumption of apples, while b is his consumption of bananas. The question is whether or not Dwight would alter his consumption bundle if prices and income change in such a way that his old consumption lies on his new budget line. The statement is false.
Explanation: Dwight's budget line is determined by the equation pa + qb = m, where p is the price of apples, q is the price of bananas, m is Dwight's income, and a and b are the quantities of apples and bananas he consumes, respectively. Since Dwight's initial consumption of apples and bananas lie on his budget line, his old budget line can be described as pa1 + qb1 = m, where a1 and b1 are the quantities of apples and bananas he consumed initially, respectively.
When prices and income change, Dwight's new budget line can be described as pa2 + qb2 = m, where a2 and b2 are the new quantities of apples and bananas that he consumes, respectively. If Dwight's original consumption is on his new budget line, this implies that pa1 + qb1 = pa2 + qb2. Dividing both sides of the equation by p yields: a1 + (q/p)b1 = a2 + (q/p)b2. The left-hand side of the equation is a constant, and the right-hand side depends on a2 and b2. Since Dwight's utility is U(a, b) = a^0.4b^0.6, he will choose the bundle that maximizes his utility given his budget constraint. Under these circumstances, Dwight will definitely alter his consumption bundle.
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Related Questions
a single dwi conviction can cost a driver up to ____.
Answers
What is the MOST likely result of imposing a price ceiling on a particular product?
Answers
Answer:
Usually, when a price ceiling is imposed, the demand for the product goes up. This can cause a shortage of products because of their high-demand. Conversely, the opposite occurs when a price floor is imposed.
Along with obtaining a profit for the firm, a marketing strategy also seeks to:________
a. minimize customer value.
b. maximize competition.
c. minimize competition.
d. maximize customer value.
Answers
The correct option is d. maximize customer value.
A marketing strategy aims to maximize consumer value in addition to making a profit for the company.
Marketing strategy:
A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.More comprehensive than specific approaches are marketing strategy. A company might, for instance, have a content strategy for its social media platforms or for search engine optimization, and then it might have certain strategies it uses for each platform.A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy. The value proposition of the business, critical brand messages, information on target customer demographics, and other important components are all included in a marketing plan.Learn more about marketing strategy here brainly.com/question/25640993
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An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Which of these is not affected by a person's credit score?
A. Apartment rentals
B. Credit card rates
C. Ability to get a cell phone contract
D. Federal income tax
Answers
where are campaign manager and display & video 360 linked?
Answers
At Floodlight configuration, Campaign Manager and Display & Video 360 are connected.
You can send an account-link request from one of these accounts to your Firebase project if you or the advertising agency you're working with wants to track in-app events identified in Firebase as conversions (such as app_update or in_app_purchase).
Your advertiser must share their Floodlight setup with your Display & Video 360 partner before you can link to them in Campaign Manager 360. The Campaign Manager 360 help center article Link a Floodlight setup with a Display & Video 360 advertiser provides instructions on how to achieve this.
When creating a new advertiser in Display & Video 360, you can choose a Floodlight configuration that has been shared with your Display & Video 360 partner.
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which federal consumer credit law starts all credit applicants off on the same footing?
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The federal consumer credit law that starts all credit applicants off on the same footing is the Equal Credit Opportunity Act (ECOA).
The ECOA prohibits creditors from discriminating against credit applicants on the basis of factors such as race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. This means that all individuals, regardless of their personal characteristics, must be treated equally when applying for credit. The ECOA ensures that all applicants have an equal opportunity to obtain credit and that decisions regarding creditworthiness are based on objective factors such as income, credit history, and ability to repay rather than discriminatory criteria. By promoting fair lending practices, the ECOA helps create a level playing field for all credit applicants.
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ricky is jonah's boss. before he goes on vacation, ricky gives explicit instructions to jonah not to buy any more shipments of ink cartridges because the company has enough to last them through the year. while ricky is out of town, jonah discovers an amazingly cheap deal for inkjet cartridges, and places a large bulk order for the company because the deal was too good to pass up. what are ricky's options in this situation?
Answers
Ricky, Jonah's boss, instructed Jonah not to buy any more ink cartridges before going on vacation. However, Jonah disregarded the instructions and placed a bulk order due to an exceptionally cheap deal.
In this scenario, Ricky has several options to handle the situation with Jonah. Firstly, upon his return from vacation, Ricky can address the matter directly with Jonah, expressing his disappointment and emphasizing the importance of following instructions. Ricky may choose to have a one-on-one conversation with Jonah to understand his rationale for disregarding the instructions and to discuss the consequences of such actions. This approach allows Ricky to address the issue directly and assert his authority as Jonah's boss.
Alternatively, Ricky may decide to implement stricter control measures to prevent similar occurrences in the future. This could involve implementing tighter approval processes for purchases or requiring Jonah to seek permission for any purchases that exceed a certain threshold. By implementing these measures, Ricky aims to reinforce the importance of adhering to instructions and ensure that such deviations do not happen again.
Ultimately, the specific course of action that Ricky chooses will depend on various factors, such as the severity of the situation, Jonah's past performance, and the company's policies. However, it is crucial for Ricky to address the issue promptly and take appropriate measures to prevent similar incidents in the future while maintaining a productive working relationship with Jonah.
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Ethical constraints allow companies to ______. A. Give employees bonuses b. Show employees trust c. Fire employees easily d. Excuse employee behavior Please select the best answer from the choices provided A B C D.
Answers
Answer:
its B
Explanation:
Which of the following should employers prevent in order to ensure the safety and health of workers in regards to machine guarding?
A) Providing employees with safe tools and equipment
B) Providing employees with personal protective equipment
C) Allowing workers to use a machine without training
D) Ensuring employees are trained in hazard recognition
———————————————
Which of the following types of machine guard is generally preferred because of its simplicity and durability?
A) Interlocked
B) Fixed
C) Self-adjusting
D) Adjustable
Answers
Answer:
1st C 2nd one B
Explanation:
Answer:
1.) C 2.) B
Explanation:
BUS/ECON - What is the legal term for the procedure through which a document is determined to be a valid will? The term is also used for the court that makes this determination?
Answers
The legal term for the procedure through which a document is determined to be a valid will is "probate." Probate is also used to refer to the court that makes this determination.
The probate process begins when a person passes away, and their will is submitted to the court for validation. During this procedure, the court examines the document to ensure that it meets all the legal requirements for a will, such as being written, signed, and witnessed.
Once the will is deemed valid, the court then oversees the administration of the deceased person's estate.
The primary purpose of probate is to ensure that the decedent's assets are distributed according to their wishes, as expressed in the will. This process typically involves appointing an executor or personal representative to manage the estate, paying any debts and taxes owed by the deceased, and distributing the remaining assets to the beneficiaries named in the will.
Probation can be a lengthy and costly process, which is why some individuals choose to establish trust or take other steps to avoid it. However, even in cases where probate is necessary, the court's role is essential in ensuring that the deceased's final wishes are honored and that their assets are distributed fairly and according to the law.
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A mother wants to divide $680.00 among her children according to the ratio 2:4:6. The shares would be
Answers
Answer:
The shares would be… 113.33, 226.66, and 340
Explanation:
First step
2:4:6=12
2/12=1/6
4/12=1/3
6/12=1/2
Step 2
Since 1/6 of the money is for one child it would be 1/6 times (of) 680. This equals 113.33, you do the same for the other two children. You get 226.66 and 340 for the other two children.
:)
Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.
Required:
1. Record the adjusting entry for estimated warranty costs at the end of 2021.
2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.
3. Record the adjusting entry for estimated warranty costs at the end of 2022.
4. What is the balance in Warranty Liability at the end of 2021 and 2022?
Answers
The Lindy Appliance will meet the requirements by recording the following journal entries:
Journal Entries:
1. December 31, 2021: Debit Warranty Expense $32,000
Credit Warranty Liability $32,000
To record the warranty costs for the year.2. 2022 Debit Summary: Warranty Liability $25,000
Credit Cash $25,000
To record the actual warranty expenditures in 2022.3. December 31, 2022: Debit Warranty Expense $36,000
Credit Warranty Liability $36,000
To record the warranty costs for the year.4. The balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000.
Data and Calculations:
Warranty period for sales = 1 year
Sales Revenue in 2021 = $1,600,000
Estimated warranty costs for 2021 = $32,000 (2% of $1,600,000)
Actual warranty costs in 2022 = $25,000
Sales Revenue in 2022 = $2,400,000
Estimated warranty costs in 2022 = $36,000 (1.5% of $2,400,000)
Analysis:
1. December 31, 2021: Warranty Expense $32,000 Warranty Liability $32,000
2. 2022 Summary: Warranty Liability $25,000 Cash $25,000
3. December 31, 2022: Warranty Expense $36,000 Warranty Liability $36,000
Thus, the balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000 ($32,000 - $25,000 + $36,000).
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Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?
Answers
Answer:
The accountant federation
In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as.
Answers
In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as rent seeking
Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Microeconomics examines what are thought of as the fundamental components of the economy, such as the activities of individual agents and markets as well as the interactions that result from those actions. Households, businesses, buyers, and sellers are just a few examples of individual agents. The study of macroeconomics examines the economy as a system in which production, consumption, saving, and investment coexist, as well as factors influencing it such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an effect on these components.
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answers
Answer:
They company goes out of business?
Explanation:
An employer can refuse to hire you if you refuse a drug screening test or background check.
Answers
Answer:yes
Explanation:
Answer:
true
Explanation:
The jobs that support medical imaging require specific types of education. Which field discussed requires the least amount of training? Which field requires the most amount of training?
Answers
The transcriptionist field discussed requires the least amount of training. The radiologists field requires the most amount of training.
Radiologists are scientific doctors focusing on diagnosing and treating accidents and sicknesses the usage of clinical imaging (radiology) tactics (assessments/tests) including X-rays, computed tomography (CT), magnetic resonance imaging (MRI), nuclear medicinal drug, positron emission tomography (pet), and ultrasound.
Radiologists are medical docs (MDs) or doctors of osteopathic medicinal drugs (DOs) who have completed a 4-year residency in radiology. A radiologist may also act as a consultant to every other physician who's worrying for the patient, or act as the affected person's number one medical doctor in treating a disease.
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How external costs are example of market failure
Answers
Answer:
An external cost occurs when producing or consuming a good or service imposes a cost (negative effect) upon a third party. If there are external costs in consuming a good (negative externalities), the social costs will be greater than the private cost. The existence of external costs can lead to market failure.
Explanation:
Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
What are the responsibilities of the us bureau of engraving and printing.
Answers
Answer: serves to ensure that adequate amounts of currency and coin are in circulation.
What personnel records would you suggest for a small retailer with three employees?
Answers
Explanation:
For a small retailer with three employees, the ideal would be to keep personnel records well organized, because regardless of the size of the company, the records function as a perspective of the human resources department and a protection for the company, therefore it is essential that the company have registration forms, selection data, evaluation reports, disciplinary forms, job description, social security number, etc.
Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. On December 31, the Accounts Receivable balance was $300,000, and the Allowance for Doubtful Accounts had a credit balance of $21,400 before adjustment. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear in the December 31 balance sheet. (Do not use negative signs with your answers.)
Answers
Answer: See explanation
Explanation:
Firstly, we need to calculate the amount of bad debt. This will be:
= Credit sales × Bad debt expense
= $1900000 × 2%
= $38000
Also, the adjusted balance of allowance account will be the addition of the uadjusted balance of Allowance account and the bad debt expense which will be:
= $21,400 + $38000
= $59,400.00
Then, the balance sheet will be:
Accounts receivables = $300,000
Less: Allowance for Doubtful Accounts = $59,400
Net Realizable value of Accounts receivables = $240,600
The commute times for the workers in a city are normally distributed with an unknown population mean and standard deviation. If a random sample of 27 workers is taken and results in a sample mean of 22 minutes and sample deviation of 3 minutes, find a 95% confidence interval estimate for the population mean using the student's t-distribution.
Answers
If the commute items for the workers in a city are normally distributed with an unknown population mean and standard deviation. Using the student's t distribution 95% confidence interval for the sample mean is 20.8129 and 23.1870
To calculate a 95% confidence interval.
Given Data
size n = 27 , sample mean = 22 , standard deviation = 3.
Here the 95% CI is given as,
× ± t*s/\(\sqrt{n}\)
t{(n-1),\\(\alpha\)}=t_{(27-1),0.05} = 2.056
(22± 2.056*3/\sqrt{27})
(22- 2.056*3/√27, 22+ 2.056*3/\sqrt{27})
( 22 - 1.1870 , 22 + 1.1870)
( 20.8129 , 23.187)
Thus , 95% confidence interval for sample mean is ( 20.8129 , 23.1870).
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"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answers
Answer:
b
Explanation:
The monetary policy is not fundamently altered
research and development costs multiple choice generally pertain to activities that occur prior to the start of production. may be expensed or capitalized, at the option of the reporting entity. must be capitalized and amortized. none of these responses are correct.
Answers
Research and development costs - generally pertain to activities that occur prior to the start of production.
The correct option is A.
Modern businesses spend a lot of money on their research and development departments because these efforts can lead to the creation of new, valuable intangible assets. The way that these expenses are recorded is required by the accounting rules.
Development costs are incurred to translate research results into new goods or processes that may be either sold or utilised internally. Research costs are expenses incurred to seek out new information. The R&D process ends once a product is created and prepared for manufacturing, thus production expenditures are not included.
According to US GAAP, all R&D expenses must be recorded in the period in which they are incurred; they are never included in the cost of intangible assets or inventory items.
The complete question is:
Research and development costs
multiple choice
A. generally pertain to activities that occur prior to the start of production.
B. may be expensed or capitalized, at the option of the reporting entity.
C. must be capitalized and amortized.
D. none of these responses are correct.
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What is meaning of external auditor?
Answers
The meaning of external auditor refers to financial record in a company.
The external auditor refers to inspect client accounting records and express an opinion as to whether its financial statements are presented fairly in accordance with the applicable accounting standards of the entity.
Example of external auditor Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)
The Generally Accepted Accounting Principles is a collection of the commonly-followed accounting rules and standards for financial reporting. The four principles of GAAP are the cost principle, the revenue principle, the matching principle and the disclosure principle.
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Answer these question
Answers
1. 100 bushels and p1
2. 150
3. as bushels become that big, it gets harder and harder to transport them, messing with the price compared to just buying two separate 100 bushels.
The main source of finance for public corporations is s _ _ _ _ f _ _ _ _ _ _ (from t _ _)
Answers
Answer:
tax
Explanation:
the tax is a national practise carried all over the country
what is business ? please tell us
Answers
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation: