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xz_007 [3.2K]
3 years ago
14

Robert only consumes X and Y, and his indifference curves have the usual convex shape. Consider the consumption bundles (3, 9),

(6, 6), and (9, 3) (hint: they lie on a straight line). If Robert is indifferent between (3, 9) and (9, 3), then:
A) he prefers (3, 9) over (6, 6).

B) he prefers (9, 3) over (6, 6).

C) he prefers (6, 6) over both (3, 9) and (9, 3).

D) he prefers (6,6) over (3,9) but not over (9,3).
Business
1 answer:
Fittoniya [83]3 years ago
5 0

Answer:

C) he prefers (6, 6) over both (3, 9) and (9, 3).

Explanation:

Robert has 3 options for combinations of X and Y that is (3, 9), (6, 6), and (9, 3).

If he is indifferent to combinations (3,9) and (9,3). It means his preference is the third option (6,6).

Robert prefers to have equal combination of X and Y.

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If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be
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Answer:

Less than average total Cost

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Average total cost can be estimated as

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8 0
3 years ago
What is your ownership in a stock represented by
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Answer:

A stock (also known as equity) is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. Units of stock are called "shares."

Stocks are bought and sold predominantly on stock exchanges (though there can be private sales as well) and are the foundation of many individual investors' portfolios. These transactions have to conform to government regulations that are meant to protect investors from fraudulent practices. Historically, they have outperformed most other investments over the long run. These investments can be purchased from most online stockbrokers

Explanation:

hope it helps

4 0
1 year ago
The fritolay, a standalone division of pepsico may be classified as a(n) question content area bottom part 1 a. investment cente
lina2011 [118]

The fritolay, a standalone division of pepsico may be classified as a  revenue center. A revenue center is a separate operating division of a company that is in charge of producing sales. For instance, a department shop might view each of its departments as a revenue center, including men's, women's, and children's clothing, jewellery, and so forth.

The sole thing that cost centers do, like revenue centers, is monitor costs, making them the revenue center's opposite. Revenue centers are marketing departments that are immune from profit generation and responsibility because they solely measure production. The business activity in charge of producing a company's sales revenue is known as a revenue center.

To learn more about revenue center, click here.

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3 0
1 year ago
suppose you invest $2250 in a CD that earns 3% APR and is compound quarterly. the cd matures in 2 years. how much will this cd b
Oksi-84 [34.3K]

Pn = P0(1+r)∧n

Pnis future value of P0

P0 is original amount invested

r is the rate of interest

n is the number of compounding periods (years, months, etc.)

P(n) = 2250(1+(.03/4)∧8

** since the interest is compounding quarterly, you need to divide the rate by 4, the number of quarters in a year.

Then you would do the math.

8 0
2 years ago
You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you exp
Paraphin [41]

Answer:

$5,100 Dollars

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You will have $5,100 dollars total value in 10 years!

8 0
2 years ago
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