Answer:
consume 8 units of A and 12 units of B
Explanation:
given data
prices of A = $1.50
prices of B = $1
Budget constraint = $24
consider data indifference curve
unit A unit B
16 6
12 8
8 12
4 24
solution
As graph, Mr. Chen will buy 8A and 12 B goods.
so Budget constraint is here express as
24 = 8 × $1.50 + 12 × 1.00
so here
MRS =
rule of equilibrium
so here MRS is
MRS =
=
=
MRS =
=
The answer is: C.accrual basis of accounting
Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.
Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.
<h3>How do you explain the word compounding?</h3>
Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.
It is the act of letting go of one's money and other compiled interest in an investment for a long time.
learn more about Compounding from
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<u>A social goal of any economic system:</u>
All economic systems' broad goals saw as key to the U.S. economy are soundness, security, economic freedom, equity, economic growth, efficiency, and full employment.
Accomplishing these objectives is troublesome in light of the fact that—despite the fact that the objectives supplement each other now and again—by and large, there are exchange offs to confront. To keep up a solid economy, the national government looks to achieve three approach objectives: stable costs, full business, and financial development.
Notwithstanding these three arrangement objectives, the central government has different destinations to keep up the sound financial strategy. Monetary objectives are not in every case commonly perfect; the expense of tending to a specific objective or set of objectives is having fewer assets to focus on the rest of the objectives.