Answer:
c. marginal rate of substitution is equal to the relative price ratio of the goods.
Explanation:
we know that the costomer MRS = Px/Py , where x and y are the two goods.
MRS(x,y) = MUx/MUy = Px/Py
Therefore, The marginal rate of substitution is equal to the relative price ratio of the goods.
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.
Answer:
c. consumption falls and investment rises
Explanation:
- As there is a net drop in the net exports of the economy to near zero and the saving rises then the consumption will fall and there will be a rose in the investments.
- It also is called as a closed economy and this also affects the net imports that remain in a negative number. And is direct contracts to the ope economy were the trade takes place to form the marginal exchange.
Answer:
A substantial enough connection with the state.
Explanation:
Since in the question it is mentioned that the Liu filed a suit for Macro sales in a state court that depends upon a website in order to do a business between the New jersey residents and macro. The court also exercise the jurisdication above Macro as if the site interactivity i.e output is depend upon the inputs done seen as sufficient connection with the state
The same is to be considered
Answer: The Budgetary fund balance account must be credited.
Explanation:
When recording Revenue and Appropriations together, the Revenue is debited and the Appropriations are credited. The Budgetary Fund is credited when Revenue is higher than Appropriations and designated usually as "Unassigned".
In this scenario, the amount going to the Budgetary Fund will be $10,000 which is the difference between Revenue and Appropriations.
