Answer: Explanation:
The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA
where
,
P
p is the price of a peach and
PA is the price of an avocado.
In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.
The definition of deficit is, A sum of money that is small. Also, this can mean a loss of money. Another definition is, the number of loses in sports. Or, individual. Hope this helps
Answer:
Consider the following calculations
Explanation:
The price per share is computed as shown below:
Present value of equity is computed as follows:
= $ 10 million / 0.13
= $76,923,076.92
Now we shall divide it by the number of shares to get the price per share
= $76,923,076.92 / 5,000,000
= $ 15.38 per share
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<u>Solution and Explanation:</u>
The implicit cost of capital
Implicit cost of capital is the opportunity cost of capital which is already incurred but not reported as a separate cost/expense, Implicit cost is the cost which results from using an existing asset instead of selling or renting it.
For example when a businessman uses his/her existing land which has implicit cost of say $1000 per month but bought it for say $100 many years ago, so $1000 is its implicit cost/current market rent per month which is equal to its oppo
if a business invites guests or customers onto its premises, then that business has the duty to c. warn invitees of and reasonably protect them from a foreseeable risk of harm or danger from something on the premises.
<h3>What is the duty of a business to its guests?</h3><h3 />
When a business gets guests on its premises , it has two duties as regards their safety. The first is to warn them about potential harm or danger that they might face.
The second duty is to offer some reasonable protection to the guests in case of any foreseeable risk of harm.
Options for this question include:
- a. warn invitees and trespassers of, and reasonably protect them from, a foreseeable risk of harm or danger from something on the premises.
- b. reasonably protect invitees from every possible risk of harm or danger that could exist on the premises.
- c. warn invitees of and reasonably protect them from a foreseeable risk of harm or danger from something on the premises.
- d. warn invitees of all risks, even of an obvious risk.
Find out more on the duties of a business to customers at brainly.com/question/24553900
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