Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is8) $100. Which of the following represents his budget constraint?
A) F = 250-505
B) S-5-02F
C) 500-2F+100S
D) All of the above.

Answers

Answer 1

Answer:

C) 500-2F+100S

Explanation:

Budget constraints:

Total Income = $500

Price of food = $2

Price of Shelter = $100

Quantity of food =  F

Quantity of shelter = S

Expense on food = 2 x F = 2F

Expense on shelter = 100 x S = 100S

Total income =  Expense on Food + Expense of Shelter

500 = 2F + 100S

This part C is wrong there is an equal sign between 500 and 2F in the original question which is attached with this answer please find that.

Joe's Income Is $500, The Price Of Food (F, Y-axis) Is $2 Per Unit, And The Price Of Shelter (S, X-axis)

Related Questions

Chelsea Lee runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 10 percent market share by the end of the year. When evaluating the current sales numbers, she determines that her sales division has total sales of $3 million and the entire industry has total sales of $50 million. What additional sales must Chelsea Lee's division meet to ensure they have 10 percent of the market by the end of the year?A. $2 millionB. $1 millionC. $5 millionD. $10 million

Answers

Final answer:

Chelsea Lee's division currently holds a 6% market share. To achieve a 10% market share, her division needs to make $5 million in sales. Therefore, the division needs an additional $2 million in sales.

Explanation:

This question is asking about the concept of market share. Market share is the portion of a market controlled by a particular company or product. In this case, Chelsea Lee's division of an auto insurance firm is aiming to control 10% of the market. Currently, her division has total sales of $3 million while the entire industry's sales total $50 million. Her company's market share can be calculated as ($3 million / $50 million) x 100 = 6%.

To achieve 10% market share, the firm's sales needs to be 10% of the total industry sales. This would be calculated as $50 million x 0.10 = $5 million. Since her division currently has $3 million in sales, they would need an additional $2 million ($5 million - $3 million) in sales to achieve a 10% market share. Therefore, option A: $2 million is the correct answer.

Learn more about Market Share here:

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In 2017, Walker Company issued common stock for $200,000 cash. The company also paid cash dividends of $30,000, and issued a two-year note payable to purchase equipment for $45,000. Bonds payable increased from the issuance of bonds for $50,000 cash. The statement of cash flows should report net cash provided by financing activities of?

Answers

Final answer:

The statement of cash flows should report net cash provided by financing activities of $270,000, considering cash inflows and outflows related to financing activities.

Explanation:

The statement of cash flows should report net cash provided by financing activities of $270,000.

To calculate net cash provided by financing activities, we need to consider the cash inflows and outflows related to financing activities. In this case, the cash inflow from the issuance of common stock is $200,000, and the cash inflow from the issuance of bonds payable is $50,000. However, there are cash outflows as well, including the payment of cash dividends of $30,000 and the issuance of a two-year note payable for $45,000 to purchase equipment.

By subtracting the cash outflows ($30,000 + $45,000) from the cash inflows ($200,000 + $50,000), we get a net cash provided by financing activities of $270,000. This amount should be reported in the statement of cash flows.

Soft drink manufacturers face (a) ________.
A) High threat of substitutes.
B) High bargaining power of suppliers.
C) High threat of new entrants.
D) Low levels of rivalry.
E) High bargaining power of buyers.

Answers

Answer:

The correct answer is (A)

Explanation:

Soft drink manufacturing industry faces a high threat of substitutes. Not many soft drink brand exit the market but many new companies and brand enter. Similarly, that is the reason why prices of soft drink do not fluctuate as compare to other food items. The competitive environment in the soft drink industry creates a high threat of substitutes.

The correct answer is (A) High threat of substitutes.

Soft drink manufacturers face a high threat of substitutes due to significant competition from other beverages like juices, water, and energy drinks. This factor impacts their profitability by offering consumers attractive alternatives.

To identify the major issue that soft drink manufacturers face, we need to consider different aspects of the industry. Based on the provided options and the given context:

High threat of substitutes: The soft drink industry does face substantial competition from other beverage options such as juices, water, and energy drinks, presenting a high threat of substitutes.High bargaining power of suppliers: Suppliers typically have more power when there are fewer alternatives or the raw materials are highly differentiated. However, this varies within the industry.High threat of new entrants: While the industry has high entry barriers due to brand loyalty and significant capital requirements, the threat of new entrants is moderate.Low levels of rivalry: The rivalry among existing competitors in the soft drink industry is high, not low, due to the presence of dominant players like Coca-Cola and PepsiCo.High bargaining power of buyers: Consumers in the soft drink industry do have high bargaining power, as they can easily switch to different brands or beverages based on taste and price.

Wizard Co. purchased two machines for $250,000 each on January 2, 2005.
The machines were put into use immediately. Machine A has a useful life of 5 years and can only be used in one research project. Machine B will be used for 2 years on a research and development project and then used by the production division for an additional 8 years. Wizard uses the straight-line method of depreciation.What amount should Wizard include in 2005 research and development expense?
A. $75,000
B. $275,000
C. $375,000
D. $500,000

Answers

Answer:

B. $275,000

Explanation:

The second machine will be depreciate over time as it can later be used for operational purposes or another research projects. The first, as can only be used for a  research project It should be considered expenses for the entire amount regardless of the useful life.

Machine B useful life 10 years

depreciation expense: cost / useful life

250,000 / 10 = 25,000

machine A 250,000 + 25,000 depreciation for machine B = 275,000 total

Which of the following ethical theories is adopted by a company that strives to act as ethically as possible, even at the expense of some additional profits, as long as the business remains profitable?a. The maximizing profits theory b. The invisible hand theory c. The moral minimum theory d. The competitive advantage theory

Answers

Answer:

c. The moral minimum theory

Explanation:

The moral minimum theory is a principle that statutes that a business should do NO intentional harm or do the minimum harm possible in order to consider its behavior the minimum required for ethical behavior.

I hope you find this information useful and interesting! Good luck!

Final answer:

The theory consistent with a company prioritizing ethical behavior over additional profits is the moral minimum theory, which maintains a baseline of ethical conduct while ensuring profitability.

Explanation:

The ethical theory adopted by a company that strives to act as ethically as possible, even at the expense of some additional profits, is most aligned with the moral minimum theory. This theory suggests that companies should aim to do no harm, and should engage in ethical behavior even if it impacts their profits, provided they remain profitable. The theories such as maximizing profits theory, invisible hand theory, and competitive advantage theory may all entail profit maximization as a primary objective, which does not align with sacrificing profits for ethical considerations.

Matt, a new junior lawyer at a law firm, was closely supervised and monitored by Juan, a senior lawyer. Juan reviewed everything that Matt did and made modifications to Matt's work. However, lately, Juan has stopped monitoring Matt and supervising his work. He has also given Matt the freedom to make decisions related to his work. The given scenario is an example of _____.

a. job rotation
b. job enrichment
c. job embeddedness
d. job enlargement

Answers

Answer:

Correct option is (b)

Explanation:

Job enrichment is a motivational tool used by managers to enhance employee job satisfaction. Job enrichment can be done in many ways like giving promotions, additional responsibilities or transfer the employee to his desired location.

Here, Juan allowed Matt to make decisions and stopped supervising him. This is one of the methods of job enrichment as they are means to give Matt greater satisfaction at work.

The scenario where Matt, a junior lawyer, now has more autonomy and decision-making power in his work is an example of job enrichment. Option b) is correct.

The scenario described with Matt, a junior lawyer who was initially closely supervised and has now been given more freedom and control over his work decisions, is an example of job enrichment. Job enrichment is a technique used to redesign jobs, which gives employees more autonomy and responsibility. It contrasts with job rotation, which involves moving employees between tasks to relieve monotony but doesn't necessarily increase autonomy or responsibility. Whereas job enlargement expands the number of different tasks an employee performs, adding more variety, again without necessarily increasing their autonomy over the work.

Cole has a cold. Although the brand-name drug is more expensive than the generic, he buys the brand-name one. Cole is familiar with the brand-name drug and knows exactly what to expect whe

Answers

Answer:

less risk

Explanation:

Note: The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that.

It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.

In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.

Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.

Thus, Cole's decision is attributable to less risk.

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