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rewona [7]
3 years ago
9

A consumer's willingness to trade one good for another can be expressed by the consumer's marginal rate of substitution. True Fa

lse
Business
1 answer:
kotykmax [81]3 years ago
8 0

Answer:

TRUE

Explanation:

A consumer's marginal rate of substitution (MRS) can be defined as the number or amount of goods that he/she is willing to trade for another in other to gain maximum satisfaction of the goods.

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What are some non-monetary costs of attempting to eliminate risks? loss of life loss of productivity loss of time.
NikAS [45]

Some non-monetary costs of attempting to eliminate risks a are  time costs, search costs, and psychological costs .

Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.    

 

Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.

The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.

To learn more about non-monetary costs here

brainly.com/question/1068495

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6 0
1 year ago
Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren
stiks02 [169]

Answer:

acid-test ratio 1,4044

Explanation:

We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

\frac{current\: assets }{current\: liab}

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:

191,000 current assets - 85,000 inventory = 106,000

136,000 current liabilities

191,600 / 136,000  = 1,4044

7 0
3 years ago
What will increase the current value of a stock?
GrogVix [38]
Increase in capital gains yield
8 0
3 years ago
A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions
Katen [24]

Answer:

Letter of Credit is the correct answer.

Explanation:

7 0
2 years ago
In a cooking context, which of the following materials is the best heat conductor?
victus00 [196]
Iron is the answer to the question
8 0
2 years ago
Read 2 more answers
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