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professor190 [17]
3 years ago
12

Five consumers have the following marginal utility of apples and pears:

Business
1 answer:
kakasveta [241]3 years ago
3 0

Answer:

Becky and Clancy are optimizing over their choice of fruit

Explanation:

In order to find which these consumers are optimizing over their choice of fruit we would have to use the following formula:

Marginal utility of apples/Marginal utility of pears=price of apple/price of pear

For Alex =5/9>1/2

For Becky =5/10=1/2

For Clancy =4/8=1/2

For Eileen =4/10<1/2

For Hubert=3/4>1/2

Therefore, only Becky and Clancy are optimizing

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Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country.  Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security.  Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

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C) This will shift the aggregate demand curve to the left.

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3 years ago
Which of the following is not a principal dimension of a servicescape?
MArishka [77]

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C) facility location

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The unemployment rate may underestimate the true extent of unemployment if:
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