Answer:
1. buy more salads and fewer sandwiches.
Explanation:
As we know that
Therefore
Now the price ratio is
It is probable if you rising marginal utility numbering and reduce denominator marginal utility. If you reduce their intake, the MU of a food item will raise. Such decrease in the composition would make the quantity of the food element scarce. And its usefulness goes up. The Numerator here is sandwich MU. And to increase their marginal utility, you can reduce sandwich consumption.
Salad should need just the reverse. You raise salad intake so the MU reduces. Therefore you have to eat more salads and less chicken sandwiches to maximise the utility. So, salad is replaced by sandwiches for chicken.
Answer:
The correct answer is B. Correct! Since Ace is not in control of the actions of Kosier (an independent contractor), Ace would generally not be responsible for Kosier's torts.
Explanation:
An independent contractor is a person who is hired to do a specific job. It is said that she is her own boss because she controls how and where the work is done.
These people have greater freedom and only undertake to perform the specific function they agreed with the person owning a company. For example, the independent contractor agrees that he will serve clients at a 9 a.m. store. at 1 p.m. or that he will go to the meetings and prepare a report on the subject assigned to him. Outside these specific functions, the independent contractor controls how he manages his time.
Answer: Norman has a good title to the car
Explanation:
Norman is the original owner of the car, the car was stolen from him, every other person only has a stolen car.
Answer:
the investment's coefficient of variation is 1.25.
Explanation:
The coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :
<em>Coefficient of Variation = Standard Deviation ÷ Return</em>
Therefore,
Coefficient of Variation = 10 ÷ 8
= 1.25
Answer:
Explanation:
a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4
price P=15-Q=10-4=6
profit=6*3-TC=18-(3+4+0.5*4^2)=3
b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.
c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.
d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.
