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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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Ben Perez is driving along a mountain road. In the distance, he sees a road crew working on a fallen tree that has blocked the h
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Answer:

B. Exposure.

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7 0
3 years ago
Lance lopes went to his bank to find out how long it will take for $1,500 to amount to $2,700 at 15% simple interest. can you so
denis23 [38]
To find simple interest: 

Time = Interest/(Principle)(Rate)

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Principle is the amount you lent or borrow
Rate is the percentage of principle charged as interest each year
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P=Principle amount of $1,500
I=Interest amount of $1,200 (Take the new amount of $2,700 and subtract from the principle that is $1,500 which gives you $1,200)
r= as a decimal .15 (15%/100)
t=unknown

T=I/PR

T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years 

It would take Lance roughly 5.3 years
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Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
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