a key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials. how can you determine if a manager in charge of selecting suppliers is making the best choice?

Answers

Answer 1

Choosing the raw material suppliers used by your athletic goods manufacturing business is a crucial business choice.

Which material do you mean?

The material from which anything is created or constructed; a constituent or constituent stuff. Source material enough information for a book in the form of facts, notes, etc. that what a finished book may well be based on or drawn from.

Why are materials crucial?

Many technologies, including those in the fields of medicine and health, information and communication, national security and space, transportation, construction elements, arts and literature, textiles, hygiene, agriculture and food science, and the environment, have benefited from the development of materials.

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Related Questions

Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E

Answers

Answer:

B to determine whether a price increase

Explanation:

cuz I said

Q2) Consider the specific simplex tableau for a LPP: Max Z a) Identify the entering variable b) Identify the associated leaving variable.

Answers

a) The entering variable in the given simplex tableau for the linear programming problem (LPP) needs to be identified.

b) The associated leaving variable in the given simplex tableau for the LPP needs to be identified.

In the given simplex tableau for the linear programming problem (LPP), the entering variable is determined by selecting the column with the most negative coefficient in the objective row. This coefficient represents the contribution of each variable to the objective function. The entering variable is chosen to optimize the objective function and improve its value.

To identify the associated leaving variable, we look for the pivot element. The pivot element is determined by selecting the minimum positive ratio from the values obtained by dividing the right-hand side (RHS) of each constraint by the corresponding coefficient of the entering variable in the column.

The ratio indicates how much each constraint can be improved by the entering variable. The associated leaving variable is then determined by the row with the minimum positive ratio.

By performing these steps, we can identify the entering variable and the associated leaving variable in the given simplex tableau, which are crucial for the subsequent iterations in solving the linear programming problem.

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I need help!!!!! :| !!!

I need help!!!!! :| !!!

Answers

either c or d but i’d go for d

Answer:

b

Explanation:

Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2016 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands.

Required:

(b) Enter in the T-accounts the following transactions for 2016. A. Provided $ 58,000 in services to clients who paid $ 48,000 in cash and owed the rest on account. B. Received $ 5,600 cash from clients on account. C. Received $ 400 in cash as interest revenue on investments d. Paid $ 36,000 in wages, $ 12,000 in travel, $ 7,600 in rent, and $ 1,600 on accounts payable. E. Received $ 1,600 in cash from clients in advance of services Massa will provide next year. F. Received a utility bill for $ 800 for 2016 services. G. Declared and paid $ 480 in dividends to stockholders

Answers

Entering the transactions for 2105 in the T-accounts is as follows:

T-Accounts:

Cash Account

Item  Account Title                     Debit           Credit

A)       Service Revenue      $58,000

B)       Accounts Receivable $5,600

C)       Interest Revenue          $400

D)      Wages Expenses                              $36,000

        Travel Expenses                                 $12,000

        Rent Expenses                                     $7,600

        Accounts Payable                                $1,600

E)      Unearned Revenue     $1,600

G)      Dividends                                               $480

Accounts Receivable

Account Title                     Debit           Credit

Cash                                                     $10,000

Cash                                                      $5,600

Service Revenue

Account Title                     Debit           Credit

Cash                                                    $48,000

Accounts Receivable                          $10,000

Interest Revenue

Account Title                     Debit           Credit

Cash                                                       $400

Wages Expenses

Account Title                     Debit           Credit

Cash                                $36,000

Travel Expenses

Account Title                     Debit           Credit

Cash                                $12,000

Rent Expenses

Account Title                     Debit           Credit

Cash                                $7,600

Accounts Payable

Account Title                     Debit           Credit

Cash                                $1,600

Unearned Revenue

Account Title                     Debit           Credit

Cash                                                      $1,600

Utility Expense

Account Title                     Debit           Credit

Utility Payable                   $800

Utility Payable

Account Title                     Debit           Credit

Utility Expense                                      $800

Dividends

Account Title                     Debit           Credit

Cash                                  $480

What is a T-account?

A T-account is a general ledger account, in which transactions are posted after they have been recorded in the journal.

T-accounts have debit and credit sides, according to the double entry system of bookkeeping.

Transaction Analysis:

A) Cash $48,000 Accounts Receivable $10,000 Service Revenue $58,000

B) Cash $5,600 Accounts Receivable $5,600

C) Cash $400 Interest Revenue $400

D) Wages Expenses $36,000 Travel Expenses $12,000 Rent Expenses $7,600 Accounts Payable $1,600 Cash $57,200

E) Cash $1,600 Unearned Revenue $1,600

F) Utility Expense $800 Utility Payable $800

G) Dividends $480 Cash $480

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How is product placement different from a commercial?

business sucks!

Answers

Answer:

Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.

Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.

What is Product Placement?

The significant kinds of product placement are either visual, verbal, signage, or usefulness.

Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.

A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.

A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.

The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.

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what is the answer to this question?

what is the answer to this question?

Answers

Answer:

I think it's c hope it help

Explanation:

c

Im pretty sure the answer is c. (:

True or false: common stock has a set maturity

Answers

Common stock has a set maturity. False! It is not true to say common stock has a set maturity. Read below about common stock.

What is a common stock?

A common stock shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company; ordinary shares.

Therefore, the correct answer is as given above

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Which of these is the correct formula to calculate labor cost?

Which of these is the correct formula to calculate labor cost?

Answers

Answer: labor cost = hourly wage × total work hours

Explanation:

The labor cost refers to the the wage that's paid to an employee and thus can include the employee benefits as well.

With regards to the question, the labor cost will be the hourly wage multiplied by the total work hours. For example of the hourly wage is $15 and the total work hours is 20. Then the labor cost will be 20 × $15 = $300.

Suppose that a customer's willingness-to-pay for a product is $1,480, and the seller's willingness-to-sell is $1,210. If the negotiated price is $1,479, how much is consumer surplus?
a. $0
b. $1
c. $210
d. $269

Answers

The negotiated price is only $1 less than the consumer's willingness to pay, the consumer surplus in this scenario is $269. Here option D is the correct answer.

Consumer surplus is the difference between the maximum amount a consumer is willing to pay for a product or service (their willingness to pay) and the actual price they pay. In this case, the consumer's willingness to pay is $1,480, but the negotiated price is $1,479, resulting in a consumer surplus of $1.

To calculate the consumer surplus, we need to find the difference between the maximum amount the consumer is willing to pay ($1,480) and the actual price they pay ($1,479):

Consumer surplus = willingness-to-pay - actual price

Consumer surplus = $1,480 - $1,479

Consumer surplus = $1

However, it's important to note that the question states that the negotiated price is $1,479, which is actually $1 less than the consumer's willingness to pay. Therefore, the correct consumer surplus is not $1, but rather the difference between the consumer's willingness to pay and the seller's willingness to sell:

Consumer surplus = willingness-to-pay - willingness-to-sell

Consumer surplus = $1,480 - $1,210

Consumer surplus = $270

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The correct answer is b. $1.

Consumer surplus is the difference between the customer's willingness-to-pay and the negotiated price. In this case, the customer is willing to pay $1,480 for the product, but the negotiated price is $1,479. Therefore, the consumer surplus is $1,480 - $1,479 = $1.

Therefore, the correct answer is b. $1.

Here is the step-by-step explanation:
1. Identify the customer's willingness-to-pay: $1,480
2. Identify the negotiated price: $1,479
3. Subtract the negotiated price from the customer's willingness-to-pay: $1,480 - $1,479 = $1
4. The result is the consumer surplus: $1

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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?

Answers

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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An art restorer, after attending art school for a number of years, secured a job restoring the paintings for an art museum. After several years on the job, the artist discovered that he could imitate the artwork of nearly any artist. He decided that he could make some extra money copying the artwork of up-and-coming artists, while staying away from more well-known artists to reduce his chance of getting caught. An art collector searching for a painting by a new artist saw the restorer at an art fair selling various paintings, one of which appeared to be by the new artist. The restorer was selling the painting for $100. The collector thought that the price was very low and that the painting should probably sell for around $500, but she bought the painting anyway, giving the restorer $100 after the restorer confirmed that the painting was an original from the new artist. After taking it to an art appraiser for insurance purposes, she discovered that the painting was a forgery. However, she also discovered that the painting's frame was worth about $125. With which theft offense may the art restorer be charged

Answers

Answer: False pretenses.

Explanation:

The art restorer ma be charged with false pretenses. An individual will be charged with take pretense when the person makes an intentional statement so that he or she can defraud a victim.

In this case, through false pretense, the art restorer defrauded the art collector of $100 since the painting was forgery. The art restorer obtained title to another person's property in this case through false pretense is as to defraud the art collector.

The Free enterprise system is:

A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition

Answers

Answer:

Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Jayden created a cell model using a glass bottle with a cork. He said that the cork could be opened to eliminate waste material that’s generated after digestion in the cell. A number of particles resembling organelles are in the bottle. Which organelle’s function will cause Jayden to open the cork to eliminate waste material?

Answers

Answer:

"Lysosome" is the correct answer.

Explanation:

Lysosomes will become the waste-removing feature, they  have active enzymes as well as chemicals to absorb or even just recycle products from cells.It's indeed a subcellular organelle present in almost all forms of eukaryotic cells as well as taking responsibility for something like the absorption of molecules, older sections of cells, or even microorganisms.

So that the above seems to be the right answer.

Answer:

the correect awnser is D

Explanation:

Lysosomes would be the function that eliminates waste.Lysosomes have powerful enzymes and acids to digest and recycle cell material

PLEASE HELP

Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason

A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office

Answers

Answer:

1.) Solar photovoltaic installer - a. roof of a building

2.) Ironworker - b. outdoors at great heights

3.) Construction manager - d. field office

4.) Cement Mason - c. outdoor job site

Explanation:

please correct me if I'm wrong

what are the outputs of the production process with regards to goods and services​

Answers

Answer: they will go faster

Explanation: it does a thing.

Distributive bargaining is characterized by all of the following EXCEPT Multiple Choice Maximizing one's share of resources is the goal Potential for win-win situation exists Resources are fixed and limited Goals of one party are in direct conflict to another party

Answers

The correct answer is opposed interest. When a person finds themselves in two social roles at once that provide competing rewards or loyalties, a conflict of interest results.

Similar to distributive bargaining, a side can only win if the other party loses. For the negotiation of fixed resources, this tactic is employed. A win-lose scenario is produced by the distributive bargaining tactic, when one party gains from an argument while the other loses. It functions in a situation when there is a zero-sum advantage for only one party. The main distinction between these two negotiation techniques is that in distributive negotiation, requirements of the opposing party are not taken into account when negotiating an agreement. Your only worry is losing less money than the other side, and your whole attention is on negotiating a better bargain.

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short poem on professional

Answers

Answer:

professional When you walk into work you make a schedule It's not something to be ashamed of It's something to work hard on keep on moving in the game you'll make it so far You will live in a big house and maybe buy a car Whan I think everybody is special and if you think about it be we'll all be professional

Explanation:

Cerawell Products Company is a ceramics manufacturer that is facing several challenges in its operations due to economic and industry conditions. The company is currently preparing its annual plan and budget. Which one of the following is subject to the least control by the management of Cerawell in the current fiscal year?
Select one:
a. Experienced employees have decided to terminate their employment with Cerawell and go to work for the competition
b. Vendors have asked that the contract price for the goods they supply to Cerawell be renegotiated and adjusted for inflation
c. A new machine that was purchased this year has not helped reduce Cerawell’s unfavorable labor efficiency variances
d. A competitor has achieved an unexpected technological breakthrough that has given them a significant quality advantage and has caused Cerawell to lose market share

Answers

Cera-well Products Company is a ceramics manu-facturer that is facing several challenges in its opera-tions due to economic and industry cond-itions. The correct option is D

The company is currently pre-paring its annual plan and budget. The follow-ing is subject to the least control by the manage-ment of Cerawell in the current fiscal ye-ar - d. A competitor has achie-ved an unexpected techno-logical breakthrough that has given them a signif-icant quality advantage and has caused Cera-well to lose market share.

What do you mean by market share?

Out of total pur-chases of a customer of a pro-duct or service, what percent-age goes to a company defines its mark-et share. In other words, if cons-umers as a whole buy 100 soaps, and 40 of which are from one comp-any, that company holds 40% market share.

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why is having SMART Goals beneficial for when you start planning for the future.

Answers

Answer:

Smart Goals can help you in the feature because if you want to go to College it is going to help you reach them with no doubts. It is going to make you feel great because you already have a Smart Goal. Which it is going to help you guide you in the right direction. It is going to show that you do have Goals and that you can do it.

Explanation:

Bill’s Surf Shop needs to advertise. Which option provides the largest frequency? a. direct mail b. TV c. the Web d. billboards

Answers

Answer:

TV (television)

Explanation:

Advertising frequency is defined as the number of time an advert is viewed by individuals once it come online.

The higher the number of times a user is exposed to an advert in a given time frame the higher the advertising frequency.

Normally it take exposure of 5 times and above for an advertisement to be effective.

Bill’s Surf Shop will have more advertising frequency on television because all categories of customers watch the television. Including children, teenagers, middle aged, and older people.

The other mediums will attract less people. Direct mail is only for those with emails, the web is for technologically savvy clients, and billboards only for those that view them in their location.

Television gives a larger audience.

WILL GIVE BRAINLIEST! Why would someone choose to start a company as a Franchise rather than a Sole Trader or Partnership?

Answers

Answer:

Explanation:

The franchisee has the advantage of having an established brand that potential customers easily can recognize. On the other hand, the sole proprietor must develop his own brand and promote it through extensive, and possibly expensive, marketing campaigns.

Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations.
a. 35.35%
b. 53.02%
c. 57.67%
d. 46.51%
e. 36.74%

Answers

The question is about the financial leverage ratio which is total debt to total capital.

The correct answer to the given question is D. 46.51%

Explanation

This ratio measures the financial leverage of a company. It assess how much asset of a company are financed by debt.

Formula

The formula to calculate total debt to total capital ratio is :

Total Debt [ Long term + Short Term] / Total Capital

If the total debt of the company is 29,060 and total capital is 62,481,

29,060 / 62,481 = 46.51%

The correct option is d. 46.51%

The exhibit 4.1 is found on quizlet website.

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How will the increase in government spending financed by borrowing affect national savings?.

Answers

Increament in government spending which is financed by borrowing will most likely affect national savings.

This is because borrowing money means you are spending from your future income.

The negative effect of spending borrowed money will most likely be felt when the money is not used for money yielding ventures.

This means that when borrowed money is not used to boost the economy of a country, it will most likely lead to the depletion of the national savings or reserve.

Viable areas to utilizing borrowed money

Infrastructure development powerEducation HealthTransportation Research

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taxes on imports which are levied specifically to raise money are called__

Answers

Taxes on imports which are levied specifically to raise money are called customs duties.

Customs duties are a type of tax that governments impose on goods imported into or exported from a country to regulate trade, protect domestic industries, and raise revenue. The main purpose of customs duties is to generate revenue for the government by collecting duties on imported goods.

What are customs duties?

Customs duties are taxes that a government levies on goods that are imported into or exported from a country. Customs duties are levied to regulate trade, protect domestic industries, and generate revenue. Customs duties are typically calculated as a percentage of the value of the imported goods. The government imposes customs duties to encourage domestic production of similar goods, reduce the amount of imported goods, and generate revenue for the government.What is the purpose of customs duties?Customs duties are levied by governments to regulate trade, protect domestic industries, and generate revenue. The primary purpose of customs duties is to raise revenue for the government by collecting duties on imported goods. Customs duties are used to encourage domestic production of similar goods, reduce the amount of imported goods, and generate revenue for the government. The government may also impose customs duties to protect certain domestic industries from foreign competition.

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One of the three main questions of economics addresses who should

produce goods and services.
market goods and services.
receive goods and services.
distribute goods and services.

Answers

Answer:

produce goods and services.

Explanation:

The three basic questions that economics addresses are

What to produce?How to produce?For whom to produce?

These questions are based on the issue of scarcity of resources. The government and other decision-makers must decide what goods and services with the available resources. Priorities should be set for society members to understand decisions and trade-offs.

Answer:A

Explanation:

Using a loan could help with the purchase of which of the
following?
Airline tickets to your dream vacation
A dream wedding
A house
A new television

Answers

Answer:

A house

Explanation:

Answer:

A house

Explanation:

How external costs are example of market failure

Answers

Answer:

An external cost occurs when producing or consuming a good or service imposes a cost (negative effect) upon a third party. If there are external costs in consuming a good (negative externalities), the social costs will be greater than the private cost. The existence of external costs can lead to market failure.

Explanation:

On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.

Answers

Complete Question:

On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720

Journalize the first interest payment and the amortization of the related bond discount using the Straight line method

Answer:

Kindly check Explanation

Explanation:

Given the following :

Face value of bond issued = $1,450,000

Cash received on Issuance = $1,408,720

Number of Interest payment on bond = 5 × 2 = 10(semiannual)

Therefore, discount on bond :

$(1,450,000 - 1,408,720) = $41,280

Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)

Discount / period

$41,280 / 10 = $4,128

Interest expense a/c Dr $40,378

To discount on bond payable a/c Cr $4128

To cash a/c $36,250

Thomas consumes only beer (B) and Internet (I). He subscribes to an Internet provider


that charges 2 dollars per hour; the price of beer is PB = 1. Thomas has Y = 100


dollars to spend and is at equilibrium by optimally buying 10 hours of Internet access


and 80 cans of beer. Draw the indifference curve and the budget line. If the company


switches to a 20 dollars monthly flat fee for unlimited Internet access, is Joe better


off? Explain.

Answers

To analyze Thomas's consumption choices and determine if he is better off with the new pricing scheme, let's draw the indifference curve and the budget line based on the given information.

The indifference curve represents Thomas's preferences, indicating different combinations of beer and Internet that provide him with the same level of satisfaction or utility. The budget line represents the combinations of beer and Internet that Thomas can afford given his budget constraint.

Given that Thomas spends $2 per hour of Internet access and has $100 to spend, he can buy a maximum of 50 hours of Internet access (100 dollars / 2 dollars per hour). With the price of beer set at $1, Thomas can purchase a maximum of 100 cans of beer.

Now, let's plot the indifference curve with beer on the horizontal axis and Internet on the vertical axis. The curve should reflect Thomas's preferences, showing higher levels of satisfaction as we move away from the origin.

Next, let's draw the budget line. The slope of the budget line is determined by the relative prices of beer and Internet. Since the price of beer is $1, the slope is -1 (1 can of beer in exchange for 1 hour of Internet access). The budget line intersects the vertical axis at 50 hours of Internet access (the maximum he can afford) and intersects the horizontal axis at 100 cans of beer (the maximum he can afford).

Now, let's address the second part of the question. If the Internet provider switches to a $20 monthly flat fee for unlimited Internet access, Thomas's budget constraint changes. With $100 to spend, he can now allocate all of it to beer. Since he initially bought 80 cans of beer, which cost $80, and 10 hours of Internet access, which cost $20, the total cost was $100. Under the new pricing scheme, Thomas can buy 100 cans of beer with the full $100 budget.

Based on this analysis, Thomas is not better off with the new pricing scheme of a $20 monthly flat fee for unlimited Internet access. This is because, in the initial equilibrium, he maximized his utility by optimally allocating his budget between beer and Internet access. The new pricing scheme does not provide him with any additional utility or increase his consumption of beer, which he preferred over additional Internet access. Therefore, Thomas is not better off with the new pricing scheme.

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