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Lorico [155]
3 years ago
7

Suppose that an individual has a constant MRS of shoes for sneakers of 4:3 (that is, he or she is always willing to give up 3 pa

irs of sneakers to get 4 pairs of shoes). Then, if sneakers and shoes are equally costly, he or she w1l1:
a. buy only sneakers.
b. buy only shoes
c.spend his or her income equally on sneakers and shoes..
d.wear sneakers only 3/4 of the time
Business
1 answer:
hram777 [196]3 years ago
7 0

Answer:A .buy only sneakers

Explanation: The MRS for sneakers is  3  and Shoes is 4, meaning sneakers is of higher MRS than shoes. Also meaning that, sneakers are originally expensive or costly than shoes. If the price of both item have risen, it simply stand to reason that his attachments for sneakers will equally be higher as against the shoes. Meaning, he will demand  for sneakers will increase and he might eventually stick to buying only sneakers.

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Kimberly, a single taxpayer, sold three capital assets during September 2019. She sold a collectible painting held five years fo
lawyer [7]

Answer:

$1,050

Explanation:

since these three transactions involved capital gains or losses (investments lasted more than 1 year), they will be taxed using the capital gains tax rate = 15%

total capital gains = $3,000 (painting) + $5,000 (stocks) - $1,000 (other stocks) = $7,000

total taxes due = $7,000 x 15% capital gains tax rate = $1,050

5 0
3 years ago
Tim's Auto Service stations were fined for failure to provide the services billed and other things. After being fined, Tim's ref
Fudgin [204]

Answer:

The correct answer is a. total quality management.

Explanation:

It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of a production process. The purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction.

Another way to understand this concept is as a mechanism for studying and monitoring the processes and human work of a firm. It is also called through its English translation: Total Quality Management (TQM).

The denomination of total is understandable from the perspective that the quality required and evaluated in the strategy includes both the different levels and elements of a company and the human group that works in it. That is, the search for quality prevails in each of the different organizational processes.

8 0
3 years ago
Paco has just finished collecting data about students' lunch hour texting habits. He used both online surveys to ask the student
ycow [4]

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Interpreting research findings

Explanation:

6 0
3 years ago
Select the correct answer.
Dahasolnce [82]
I would go with answer “c”
5 0
3 years ago
An 8%, 15-year bond has a yield to maturity of 10% and duration of 8.05 years. If the market yield changes by 25 basis points, h
Mama L [17]

Answer:

-2.01%

Explanation:

Modified duration = 8.05 years

Market yield = 0.25%

Initial yield to maturity = 10%

As per the price change and duration formula,

Change in price/Price of bond = - Modified Duration * Change in yield

Change in price/Price of bond = - 8.05 * 0.0025

Change in price/Price of bond = -0.020125

Change in price/Price of bond = -2.01%

Thus, if the market yield increases by 25 basis points, there will be a - 2.01% change in bond's price due to duration

4 0
3 years ago
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