Answer:
Option A, buy less of X and more of Y is correct.
Explanation:
The amount that Mr. Rational is going to spend = $27
Quantity of good X = 5 units
Price of good X (Px) = $3 per unit
Marginal utility of 5th unit of X (MUx) = 30
Quantity of good Y = 6 units
Price of good Y (Py) = $2 per unit
Marginal utility of 6th unit of Y (MUy) = 18
So good x will be substituted for y in order to reach the consumer equilibrium.
Thus, Option a. buy less of X and more of Y is correct.
Answer:
Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.
Explanation:
The given values are:
Gold sells,
Q = 50
Price,
= $5000
Total cost,
= $300,000
Fixed cost,
= $100,000
So,
⇒ 
⇒ 
($)
Now,
⇒ 
⇒ 
So that,
⇒ 
On substituting the values, we get
⇒ 
⇒ 
So the above is the correct answer.
An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had they were in the room alone
This is further explained below.
<h3>What is an insurance policy?</h3>
Both the insured person and his wife are engaged in an accident that occurs head-on. The husband passes away in an instant, and the wife follows him in passing 15 days later. The death benefit is paid out by the firm to the estate of the covered person. This suggests that the life insurance coverage would not have paid out if they were alone in the room.
In conclusion, A legal relationship exists between an insurance firm, often known as the insurer, and the person(s), business, or entity that is being covered under the terms of an insurance policy (the insured). Reading your policy gives you the ability to check that it satisfies your requirements and ensures that you comprehend both your duties and those of the insurance business in the event of a loss.
Read more about insurance policy
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Answer: The answer is SITUATIONAL ANALYSIS
Explanation: A SITUATIONAL ANALYSIS is the gathering of methods to analyse the internal and external factors of a business inoder to get a clear picture of the business environment.
A situational analysis is also called a SWOT analysis that measures the strengths, weaknesses, opportunities and threats.
Answer:
B. price elastic
Explanation:
we may surmise that demand at New York restaurants is PRICE ELASTIC
