Business, 17.04.2020 18:03 YoungLarQ

In a two-year period, suppose Gloria has $10,000 in income in year 1 and $4,300 in income in year 2. In order to maintain her optimal consumption of $8,000 in year 1 and $6,500 in year 2, she can borrow or lend at a rate of 10 percent.
Required:
1. If Gloria's income stream changes such that she earns $3,000 in Year 1 and $13,000 in Year 2, the budget line will .
A. remain unchanged.
B. pivot about the endowment point.
C. pivot about the intercept on the axis representing year 2 income.
D. shift out away from the origin.

Answers: 1

Show answers

Another question on Business

Business, 20.06.2019 18:04

Https: //.cthe government of semput (e.g. a fictitious country) plans the goods and services that semput produces, the quantity of goods produced, and the prices at which goods are sold. semput is a economy. market mixed command theocratic pluralm/94215585/international-business-ch-2-flash-cards/

Answers: 1

Answer

Business, 21.06.2019 15:50

Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?

Answers: 2

Answer

Business, 21.06.2019 20:40

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Answers: 2

Answer

Business, 22.06.2019 19:50

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?

Answers: 1

Answer

You know the right answer?

In a two-year period, suppose Gloria has $10,000 in income in year 1 and $4,300 in income in year 2....

Questions