A man buys several loaves of bread at $1 a loaf and sells them at 25 cents a loaf. he does it again and again. entirely as a res
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Answer:
The correct option is Dana might be indifferent between C, A, and B.
Explanation:
Note: See the attached photo for the indifference curve showing points A, B and C.
The answer can be explained using an indifference curve.
An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.
In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.
Therefore, the correct option is Dana might be indifferent between C, A, and B.
Answer: N&B Equipment Company:
Current ratio = 1.33
Quick ratio = 0.746
Jing Foodstuffs Corporation:
Current ratio = 1.65
Quick ratio = 0.928
Explanation:
For N&B Equipment Company:
= 1.33
= 0.746
For Jing Foodstuffs Corporation:
= 1.65
= 0.928