what is consumer's Equilibrium?​

Answers

Answer 1

Answer:

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When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.


Related Questions

Bill wants to prepare his own taxes but wants a bit more guidance. He wants to file taxes without having to spend much money. What is his BEST option for filing taxes?

A. Prepare his taxes on her own.

B. Prepare his taxes with using an electronic tax program.

C. Hire someone to prepare his taxes.

Answers

Answer: B. Prepare his taxes with using an electronic tax program.

Explanation: had this question and got it correct!

How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?

Answers

You pay any remaining deductible plus the coinsurance payment percentage. For example, let's say your coinsurance is 20 percent, meaning you're responsible for paying 20 percent of any doctor's bill. ... Once your out-of-pocket maximum has been met the plan pays 100 percent for covered in-network services

The extended warranty on a ceiling fan is 18% of the purchase price. If the price of the fan is $140, how much is the warranty? a. $7. 78 b. $25. 20 c. $18. 72 d. $12. 86.

Answers

Answer:

holi es la l D hojala te pueda ayudar con todo corazón

How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle

Answers

Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.

A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.

The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.

The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.

Therefore, the Option A and B is correct.

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What do realtors do for the business (in a lot of detail)

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Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.

Explanation: I hope this helps!

Dr. Montgomery recently graduated from medical school and his wife bought him an engraved stethoscope. The stethoscope cost $160. 0. The sales tax in his city is 8%. What is the total cost of the stethoscope in dollars and cents including sales tax?.

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Answer: $172.8

That's correct :)

Oil refining is an example of:

Construction Production
Extractive Production
Domestic Production
Traditional Production

Answers

Answer:

Explanation: step by step

Which option identifies the type of budget development represented in the following scenario?

The Board of Directors of a large cereal manufacturer mandates a 6 percent increase in profits for 2015 and requests operating budgets from each department.


bottom-up approach

top-down approach

incremental method

zero-based method

Answers

Answer:top approach

Explanation:

what describes the specific information about a policy

Answers

Policy summary is what describes the specific information about a policy.

Policy is a term, commonly associated with insurance . It is a set of rules or guidelines for an organization and employees to follow in or to achieve a specific goal (i.e. compliance).

A policy summary describes the features and elements of the specific policy for which a person is applying.

Policy summary contains the following :

Name and address of the producerName of the policy issuedPremiumSurrender value

Therefore, Policy summary is what describes the specific information about a policy.

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which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps

Answers

The government website in which it is listed that the aforementioned names were employees is the USPS.

The United States Postal Service:

Employed Walt Disney as a postal carrier in 1918Employed Bing Crosby as a post office counter Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

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What guidelines must colleagues follow when providing gifts, meals, entertainment or other things of value to clients, customers, or third parties

Answers

The guidelines that is needed to  be followed by colleagues when providing gifts, meals or entertainment to clients are;

The colleagues should make sure gift or entertainment is not been perceived as a bribe by clients.The gifts or entertainment must be consistent as regards the accepted business practice.The gift should not make the recipient to feel insecure in making a fair decision.

When gifting out some meals or entertainment to clients, there are some necessary consideration that is needed to be made so that the recipient won't feel unsecured with the gift.

In the process of gifting, one of the guidelines is that the gift should look like a bribe which means it must be aligned with business or practice of the organization

We can conclude that when a colleagues when providing gifts, meals to clients it should be done in way that follows accepted business practice.

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Many production employees began to talk among themselves about whether they wanted to transfer to a new production facility in a neighboring town. What type of communication is thi

Answers

The type of communication in this context  is referred to as Lateral

communication

Lateral communication is the exchange of information between people

who are in similar hierarchy in an organization or gathering.

In this scenario, we were told production employees talked about if it was

needed to move the facility to a new location which is a good example of

Lateral communication as they are of the same level.

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How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?

Answers

An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.

Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.

In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.

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Government plays a role in all economic systems.
a
True
b
False

Answers

Based on different economic system analyses, it is true that government plays a role in all economic systems.

How does Government play a role?

Generally, whether capitalist economic system socialist economic system, the government still plays a role.

For example, in the capitalist economic system, government plays the role of regulatory and complementary responsibilities.

While in a socialist economic system, the government takes more comprehensive roles such as production and distribution.

Hence, in this case, it is concluded that the correct answer is "True."

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margaret puts money into her savings account each month. in this example money is functioning as a

Answers

Answer: a store of value

In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.

What are the characteristics of money?

Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.

One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.

In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.

Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.

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what is the most common goal of a trade agreement?

Answers

Answer:

For the United States, the main goal of trade agreements is to reduce barriers to U.S. exports, protect U.S. interests competing abroad, and enhance the rule of law in the FTA partner country or countries.

The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Answers

Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Network Diagram in Project Management

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

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What is the main advantage of having a skill set with a high market value?
A. Workers are more productive per hour using those skills.
B. Employers are willing to pay more for those skills.
C. Worker organizations have a major need for those skills.
D. There are fewer regulations restricting those skills.

Answers

B. Employers are willing to pay more for those skills.

who is the supervisory body for the federal reserve system?

Answers

Answer:

The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.

Explanation:

In the ______ stage of team development, members depend on the project manager to provide direction and structure.

Answers

Based on business management, in the Forming stage of team development, members depend on the project manager to provide direction and structure.

Stages of team developmentForming StormingNormingPerformingAdjourning

Generally, the forming stage forms the first or early stage of team development.

During this period, the rest of the project manager and the members depend on him to provide direction and structure.

Hence, in this case, it is concluded that the correct answer is "Forming stage."

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Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:

a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.

Answers

I think the answer would be C hope it helps

One of the most popular and effective ways to teach students are known as S.M.A.R.T goals. S.M.A.R.T is an acronym that stands for specific, measurable, achievable, relevant, and timely.

a. True
b. False

Answers

a. True.

S.M.A.R.T is an acronym that stands for “Specific, Measurable, Achievable, Relevant, and Timely”.

What is a trend in business

Answers

A trend in buisness is to invest

Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?

Independence
Increased creativity
Easy class credit
Easy decision making

Answers

Answer:

Easy decision making

Explanation:

Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.

how has globalization impacted operations management

Answers

Answer:

Findings show that different aspects of globalization such as competitive intensity, technological change, cost pressure, and new opportunities, affect different aspect of operational performance, namely quality improvement, cost reduction, flexibility, speed of delivery.

Explanation:

In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is _____ and quantity demanded is _____.

A. 50, 350
B. 450, 75
C. 200, 200

Answers

Answer:

C. 200, 200

Explanation:

Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Please select the best answer from the choices provided A B C D.

Answers

That which is used by a seller to deceive a buyer is: a. Bait and switch

Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.

However, when they come to buy, they are encouraged to buy a good that costs more.

So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.

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Answer:

A. Bait and Switch

Explanation:

edge 2022

Is Mark Zuckerburg a robot? cuz he sure looks like one

Answers

Answer:

he is lol

Explanation:

Answer:

hell yea i agree the dude's hella sus

Should the United States pass a balanced budget amendment? Explain your answer.

Write one or two paragraphs stating your position. In your argument, include your opinion on the merits of a balanced budget amendment. Support your response with logical reasons and examples

Answers

Answer:

There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.

Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts

Answers

Answer:

creating designs, concepts, and sample layouts

scheduling projects for clients

determining size and arrangement of illustrative material and copy

developing graphics and layouts

Answer:1,2,5,6.

Explanation:

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