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2 years ago

We assume that the representative consumer's preferences exhibit the properties that

Business

1 answer:

LenaWriter [7]2 years ago

7 0

Answer:

c. consumption and leisure are both normal goods and that the consumer likes diversity in his or her consumption bundles.

Explanation:

A consumer's preference can determine the consumer utility properties between the different periods and can be measured by the tastes and preference by comparing the opportunity costs of that one item when every you buy an item.

The consumption and the leisure are both the normal goods hat the consumer likes to have diversity in his consumption patterns and have a utility related to them.

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Assume markup is based on cost. Find the dollar markup and selling price for the following problem.

uranmaximum [27]

Answer and Explanation:

The computation of the dollar markup and the selling price is shown below

The dollar markup is

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3 years ago

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Trava [24]

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3 years ago

Once mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous one or less

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2 years ago

An increase in government spending by $100 would, if the mpc = 0. 90, result in an increase in real gdp by?

bixtya [17]

The answer is $1000

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100/(1-0.90)=1000

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Learn more about Gross domestic product here

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1 year ago

Foreign exchange ________ earn a profit by a bid-ask spread on currencies they purchase and sell. Foreign exchange ________, on

eimsori [14]

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Explanation:

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3 years ago