User Account

All Pages

Illustrate mick consumption choice in a diagram

Assignment Help Business Management
Reference no: EM131217584

Mick has $100 of income per week available for recreational activities, including exercise, movies, restaurant meals, etc. Mick's health club charges a fee of $4 per hour, and Mick chooses to use the facility for 10 hours per week.

a) Illustrate Mick's consumption choice in a diagram with health club usage on the horizontal axis and other recreational activities on the vertical axis.

b) Now Mick's health club institutes a new pricing policy. A fixed fee of $30 per week is charged for access to the facilities, but then a rate of $1 per hour is charged for each hour of utilization. Is Mick better off as a result of this change? Explain your answer using the diagram that you drew in (a).

Reference no: EM131217584

Questions Cloud

Cobb-douglas production function : Write down a Cobb-Douglas production function for which capital earns one-fourth of total income.
Profit-maximizing businessman : Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
Identify at least three reasons why or why not : Discuss whether the socioeconomic impact of a work stoppage is justified. Identify at least three reasons why or why not? Support your position.
Country ability to pass comprehensive tax reform : Based on the article : "Top 10 Reasons There Is No Corporate Tax Reform". Do you think any of these obstacles can be overcome? If so, which ones and how? How does the influence of special interest groups affect the country’s ability to pass comprehen..
Illustrate mick consumption choice in a diagram : Illustrate Mick's consumption choice in a diagram with health club usage on the horizontal axis and other recreational activities on the vertical axis.
Impediment to the international convergence of accounting : Various attempts have been made to reduce the accounting diversity that exists internationally. Which factor do you believe represents the greatest impediment to the international convergence of accounting? Which factor do you believe creates the sma..
Explain in your presentation what may affect negotiations : Explain in your presentation what may affect negotiations between business people from those nations. Investigate issues such as oculesics, proxemics, kinesics, chronemics and paralanguage, but also do not forget that historic or recent socio-poli..
Prepare a line graph showing the budgeted total revenues : Prepare a line graph showing the budgeted total revenues and total expenditures for FY 2016 and the projected total revenues and total expenditures for FY 2017 - FY 2021.
About the liabilities : "Liabilities" Please respond to the following: For this week's eActivity, research one (1) publicly traded company in which you are interested using the Internet and/or Strayer databases. Locate the company Website and focus on the types of bonds the..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd