Business, 21.06.2020 18:57 momneedshelphmwk
Assume you won $ 30 on a lottery ticket and decided to spend all the winnings on candy
bars and bags of peanuts. The price of candy bars is $0.75 and price of peanuts is $1.50.
a. Construct a table showing the alternative combinations of the two products that are
available.
b. Plot the data in your table as a budget line in a graph. What is the slope of the budget line?
What is the opportunity cost of one more candy bar? Of one more bag of peanuts? Do
these opportunity cost rise, fall or remain constant as each additional unit of the product is
purchased?
c. Does the Indifference curve tell you which of the available combinations of candy bars and
bags of peanuts to buy? Explain it logically.
d. Suppose that you had won $60 on your ticket, not $30 show the $ 30 budget line in your
diagram. Has the number of available combinations increased or decreased? Explain it.
Answers: 1
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Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.
Answers: 2
Assume you won $ 30 on a lottery ticket and decided to spend all the winnings on candy
bars and bag...
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