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1 year ago

True or false: it is generally the case that indifference curves have the same shape across all consumers.

1 answer:

7 0

The statement " it is generally the case that indifference curves have the same shape across all consumers." is False

This is further explained below.

<h3>What is the shape?</h3>

Generally, In a contrast to other attributes such as color, texture, or kind of material, a shape or figure is a graphical depiction of an object's exterior border, outline, or external surface.

Shapes and figures may also be used interchangeably. In contrast to solid 3D objects, plane figures and plane shapes are required to flatten out on a plane in order to exist.

In conclusion, False: "it is typically the case that indifference curves have the same form across all customers." This statement is not true.

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Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, the quantity sold increased to 60 pairs

grigory [225]

Answer:

The answer is: A) 0.6

Explanation:

First we will calculate the midpoint for units:

change in units = 40 - 60 = -20
average units = (40 + 60) / 2 = 50
midpoint for units = 20 / 50 = 0.4 (we only use positive numbers)

Now we will calculate the midpoint for price:

change in price = 40 - 20 = 20
average price = (40 + 20) / 2 = 30
midpoint for units = 20 / 30 = 0.67

Finally we divide 0.4 / 0.67 = 0.6

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2 years ago

You own 10,000 shares of Microsoft stock. A good way to hedge the risk involved in owning this stock would be to buy some call o

natka813 [3]

Answer: False

Explanation:

If you want to hedge the risk of owning the stock then that would mean that you want to take measures to ensure that you don't lose out if prices fall.

A call option is not the way to do this because call options are bought with the expectations that prices will go up. If you buy call options then and the prices fall, you would make a loss on both the call options and the stock that you own.

A good way to hedge this would be to take Put options on the stock. Put options help you benefit if prices fall because you would be allowed to sell at a certain price unaffected by the fall in prices.

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2 years ago

Retained earnings are?

Yakvenalex [24]

Answer:

Retained earnings is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management.

Explanation:

hope this helps you with your question

6 0

2 years ago

Whether you need a portfolio or not is dependent on_____ (1 point) a. if you have a portfolio at home b. the type of job for whi

Mrrafil [7]

The answer is b the type of job for which you are applying

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1 year ago

Many consumers consider goods X and Y to be complements. If there is an increase in the price of good X, then (all else the same

Lemur [1.5K]

Answer:

False

Explanation:

Complement goods are goods that are consumed together.

If the price of good X increases, producers would increase their supply of good Y and X.

An increase in supply shifts the supply curve to the right.

I hope my answer helps you

5 0

2 years ago