subject
Business, 16.10.2019 16:30 jake2920

Robert spends his income on lattes and all other goods. lattes cost $4 each. if his income increases from $400 to $500 and the price of lattes increases to $5, which of the following are true? assume that lattes are on the horizontal axis and all other goods are on the vertical axis.

choose one or more:
a. the budget line gets flatter.
b. robert would be able to purchase the same quantities of lattes even after the price increased.
c. robert's budget set will increase.
d. robert's budget set will shrink.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:20
Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?
Answers: 2
question
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
question
Business, 22.06.2019 17:40
Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.
Answers: 1
question
Business, 22.06.2019 23:30
At the save the fish nonprofit organization, jenna is responsible for authorizing outgoing payments, rob takes care of recording the payments in the organization's computerized accounting system, and shannon reconciles the organization's bank statements each month. this internal accounting control is best known as a(n) a. distribution process. b. segregation of duties c. specialized budget d. annotated financial process
Answers: 2
You know the right answer?
Robert spends his income on lattes and all other goods. lattes cost $4 each. if his income increases...
Questions
Questions on the website: 13722359