Answer:
a. Lucia's current bundle maximizes her utility, and she should keep it unchanged.
Explanation:
The computation is shown below:
As we know that the utility would be maximized when the marginal rate of substitution is equivalent to the price ratio
I.e.
MRS = Price ratio
Here, Price ratio is
= $4.5 ÷ $1.5
= 3
So the 3 would also represent the marginal rate of substitution (MRS)
Therefore the correct option is a.
hence, the rest of the options would be incorrect
Yes and just because yes they should
Answer:
If you are keeping aside a large amount of money to purchase a house over a period of five years
Explanation:
Savings BOND would be the best investment to earn interest in a situation where a person or an individual decide to keep aside a large
amount of money or huge sum of money to purchase a house over a period of five years in order to earn interest which mean that the maturing date for keeping the money will be in the next five years in which the person who issued out the bond which is known as the issuer will have to pay back the investor the interest amount generated for saving the large amount of money.
Answer:
The correct answer is A. True
Explanation:
Disaster recovery plan refers to the processes set up by a company to ensure business continuity in the event of a natural or man-made disaster.
A good example of disaster recovery in an organization (like a bank) is the setting up of auto-replicating IT infrastructure in a different global region so that if the first region fails, the other region can instantly take over and prevent the bank's business from collapsing.
Equilibrium price because that's where they are at the same point meaning everything is equal.
