Answer:
Boxes of staples (maximum) that can be purchased by available income are 5.
Maximum boxes of paper clips that can be purchased by available income are 10.
Explanation:
Budget Line is the graphical representation of product combinations, that consumer can purchase with prices & income (spending all income).
It is downward sloping - as given same income & price levels, one good's consumption can be increased by reducing consumption of other good.
The intercept of downward sloping budget line is the maximum amount of that axis good which that consumer can consume with given income, price.
That maximum amount of purchasable good is Income/price of that good. Eg: Income = 100, Price of Good 1 on X axis = 10, Price of Good 2 on Y axis = 5. So :
- Maximum amount of good 1 purchasable = 100/10 = 10. It is on X axis, x axis intercept is (10,0) ; and
- Maximum amount of good 2 purchasable = 100/5 = 20. It is on Y axis, y axis intercept is (0,5)
Good 1 & Good 2 are analogous to Staples & Paper Clips respectively.
Answer:
The correct answer is letter "A": We respond to marginal benefits and marginal costs.
Explanation:
Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.
Answer:
$75,300
Explanation:
The computation of the balance in the land is shown below;
Purchase cost
$460,000
Add:
Demolition of existing building on site
$71,000
Add:
Legal and other fees to close escrow
$12,900
Less:
Proceeds from the sale of demolition scrap
($8,600)
Balance in the land
$75,300
Therefore, balance in the land account as of December 31, 2021 is $75,300
In relation to market sizing, matters tend to be a bit simpler for b2b sellers as compared to b2c dealers.
The "marketplace sizing" is made from the entire wide variety of capacity shoppers of a service or product inside a given market, and the entire revenue that these sales might also generate. it's crucial to calculate and understand marketplace size for several reasons.
Market sizing research affords insights into market funding decisions and ambitions to discover the ability of a marketplace in terms of length and profitability.
Everyday market length (NMS) is the minimum range of stocks that market makers ought to deal with in a transaction for that specific stock at a specific charge. normal market length way that there may be an assured bid and offer in the inventory to maintain expenses and trades flowing.
Learn more about market sizing here: brainly.com/question/13859545
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Answer:
C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.
Explanation:
A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.
Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.
In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.
