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vivado [14]
3 years ago
15

An indifference curve illustrates ... a) how consumers are indifferent about the location of their own consumption levels relati

ve to their reference points. b) how consumers get more utility, the more they consume of any particular good. c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level. d) the limitations on spending dictated by a consumer’s income and prices. e) B and D

Business
1 answer:
Leya [2.2K]3 years ago
8 0

Answer:

Option c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level.

Explanation:

This is the very definition of an indifference curve. The points in an indifference curve are the combinations of the quantities (level of consumption) of two different goods which will produce the very same utility to the consumer. The consumer will perceive any of those combinations as having the same utility for him.  

For example, a usual graph of various indifference curves will look like the graph attached.

In this graph the combination of 2 pairs of shoes and 15 pants will be perceived as having the same utility as the combination of 5 pairs of shoes and 4 pants. Both are combinations in the same indifference curve, the green one, and the utility of any combination lying in that green curve will be rated the same: u = 1.

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Alex17521 [72]

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3 years ago
at the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residua
borishaifa [10]

At the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car, then you will have an open-end lease.

<h3>What is open-end lease?</h3>

An open-end lease serves as a  rental agreement whereby the one that is to make a periodic lease payments enter an agreement with the owner  so as to be able to make balloon payment at the end of the lease agreement.

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5 0
2 years ago
One source of life and health insurance underwriting information is an organization that life and health insurance companies can
Flauer [41]

This organization is called <u>"Medical Information Bureau (MIB)".</u>


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6 0
3 years ago
Why might one doubt that current forms of digital money, such as Bitcoin, will replace more traditional fiat currencies?
NISA [10]

Answer:

The correct answer is (e)

Explanation:

Digital currency, such as bitcoin is out of government’s control. Similarly, the market decides their price and that makes them unpredictable. Likewise, the digital money has various problems that make them different and hard to trust on, such as, they can’t be used as means of payment, the unit of account, store of value and standard value. Because fiat money is equipped with all those advantages, which is why people doubt that current forms of digital will replace traditional money.

7 0
3 years ago
Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000
jenyasd209 [6]

Answer:

Option C. $480,000

Explanation:

The reason is that the consideration (Services of memberships which has monetary value) of the contract to deliver the subscribers has been delivered by the Pemco Enterprise which was active their member account and let them enjoy the services which they provide so the sales would be the amount that the company is legally entitled to receive after delivering the consideration of the contract and is $480,000 ($260 * 2000 memberships).

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