Answer: Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Explanation:
By the rational spending rule, the optimal bundle will be at a quantity where the following is satisfied:
MUx/ MUy = Px / Py
Marginal utility of X / Marginal Utility of Y = Price of X / Price of Y
MUx/ MUy = 9 / 19 = 0.47368
Px / Py = 0.5/1 = 0.5
There is a mismatch as Px/Py is greater than MUx/ MUy.
Marginal utility of X would have to increase and Marginal Utility of Y would have to decrease to get to the optimal bundle.
Marginal utility increases when consumption decreases and vice versa.
Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Answer:
a) $200,000
Explanation:
The computation of the accrued liability is shown below:
In case when there is a range of expected losses that could be predicted and in that case no amount could be more anticipated than the others so the lesser predicted value should be accrued.
In the given case, the lower value is $200,000 so the same is to be considered
hence, the correct option is a.
Answer:
The correct option is A)
Explanation:
The question is one which relates to <em>Principles of Effective Data Dashboards.</em>
Data Dashboards are is a dashboard that provides a summary of Key Performance Indicators (KPIs). The purpose of this is to keep the user informed.
Because there are multiple KPIs, if all of them are left on a screen, the user would have to scroll and scroll to get a snapshot of the KPIs. To overcome this challenge, one is required to create multiple dashboards to the end that KPI specific dashboard can be referred to at a glance on a single monitor.
Cheers!
Answer: Quota
Explanation:
Quotas are a way of limiting the imports that a country receives. It works by placing a limit on the amount of a certain good coming into the country within a certain period of time. After the required quantity is reached, the country stops imports of that good until the next period.
The United States learnt a sharp lesson in oil dependence when in 973, Arab countries placed an embargo on the United States for supporting Israel and this caused economic crises.
Placing a quota on the amount of oil it can get from Saudi Arabia will help it reduce the chances of such an event occurring again.
The way Gilberto prepared hes speech for his art history course (presentation and plans from a brief set of note cards) states that he is using extemporaneous delivery. This type of speech delivery <span>is usually given from brief notes or a speaking outline and it is an effective </span>way to hold the interest of and motivate an audience.