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
Answer:
I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.
- Yeah, Sam hadn't saved enough money
- During his estimates, Sam made some mistakes, but he had less capital on his record than
- Sam made a few mistakes during his reports because he had less money than he expected on his account
<u>Explanation:
</u>
A financial transaction is an arrangement or a contract to swap goods for compensation between a purchaser and a seller. There is a transition in the financial situation of two or more companies or persons.
A cashless company describes an economy in which financial transactions consist entirely of electronic data (generally an electronic portrayal of money) among transacting parties rather than money in a form of personal banknotes or gold and silver.
The trade between the Organization and another individual is an official contract. A great example of an extrinsic transaction is the purchase of goods from either a third party seller. An overall journal entry records each cash payment in the billing system.
Answer:
$23.85 per hours
Explanation:
The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.
Mathematically,
Hourly Wage = Minimum Monthly Income / Total Hours Worked
Here
Minimum Monthly Income is $4,089
Total Hours Worked = 40 Hrs per week * 30 days / 7 days
Total Hours Worked = 171.43 Hours
By putting the values, we have:
Hourly Wage = $4,089 / 171.43 Hrs = $23.85 per hours
Answer:
Price of the stock will rise or increase
Explanation:
Efficient market hypothesis states that price of stock factors in all information related to the stock. As such, nobody can take advantage of higher returns offered by a particular stock for a long time.
In line with efficient market efficiency, if public expected a bigger loss of $5 but loss was only for $4, the price of stock will increase. Though the company still suffers a loss, it is less than what was expected by the market, resulting in increase in stock price.
