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LUCKY_DIMON [66]
3 years ago
10

An indifference curve shows all 1. possible equilibrium positions on an indifference map. 2. equilibrium combinations of two pro

ducts that are obtainable with a given money income. 3. combinations of two products yielding the same total utility to a consumer. 4. possible combinations of two products that a consumer can purchase, given her income and the prices of the products.
Business
1 answer:
monitta3 years ago
4 0

Answer:

3. combinations of two products yielding the same total utility to a consumer.

Explanation:

Indifference curve is an economic tool which establishes a relation between the quantity of two different products when combined together providing the satisfactory utility to the consumer.

This combination basically describes the quality and quantity combination of two products.

The correct option is therefore, statement 3.

This clearly demonstrates the definition as given above, providing utility o the consumer.

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Journalize Period Payroll The payroll register of Chen Heritage Co. indicates $3,000 of social security withheld and $750 of Med
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4 years ago
Suppose that there are customers distributed evenly across a line which runs from 0 to 1. There are two competing vendors that c
Shtirlitz [24]

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b.(1/2, 1/2)

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7 0
3 years ago
What percentage of your gross salary does the consumer financial?.
kati45 [8]

The complete question is as follows:

What percentage of your gross salary does the consumer financial bureau suggest?

The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.

<h3>What is a gross salary?</h3>

Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.

According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.

Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.

Learn more about the gross salary in the related link:

brainly.com/question/5715627

#SPJ1

8 0
2 years ago
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