Business, 16.03.2020 23:17 selamh1999
Joe, Patrick, and Adam are friends. They have the same preference over consumption and leisure. Joe has two jobs. He auditions for sitcoms during daytime and works at CVS at night time. Patrick works from 9 to 5 as a curator at a local museum. Adam is a partner of a law firm and works over time almost every week. Clearly both Joe and Adam work more than Patrick. This is because: 1. in both cases income effect dominates. 2. for Joe income effect dominates while for Adam substitution effect dominates. 3. for Joe substitution effect dominates while for Adam income effect dominates. 4. in both cases substitution effect dominates
Answers: 2
Business, 21.06.2019 21:20
20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units
Answers: 1
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
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Business, 22.06.2019 20:00
Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:
Answers: 2
Business, 23.06.2019 00:00
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
Joe, Patrick, and Adam are friends. They have the same preference over consumption and leisure. Joe...
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