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Svetradugi [14.3K]
4 years ago
5

Bundle L contains 10 units of good X and 20 units of good Y. Bundle M contains 8 units of good X and 21 units of good Y. The con

sumer is indifferent between bundle L and bundle M. Assume that the consumer’s preferences satisfy the four properties of indifference curves. Which of the following correctly expresses the marginal rate of substitution of good X for good Y between these two points?
a.The consumer will give up 1 unit of good X to gain 2 units of good Y.
b.The consumer will give up 2 units of good X to gain 1 unit of good Y.
c. The price of good X is twice as large as the price of good Y.
d. The price of good X is half as large as the price of good Y.
Consider the indifference curve map for nickels and quarters. Assume nickels are on the horizontal axis and quarters are on the vertical axis. The indifference curves for nickels and quarters are

a. straight lines with slope of -1/5.
b. straight lines with a slope of -1.
c. straight lines with a slope of -5.
d. L shaped.
Business
1 answer:
Firdavs [7]4 years ago
8 0

Answer:

Which of the following correctly expresses the marginal rate of substitution of good X for good Y between these two points?

  • B) The consumer will give up 2 units of good X to gain 1 unit of good Y.

The indifference curves for nickels and quarters are

  • C) straight lines with a slope of -5.

Explanation:

                          bundle L                  bundle M

good X                 10                              8

good Y                 20                             21

In order to increase one unit of good Y, the consumer is willing to give up 2 units of good X.

A nickel is worth 5 cents (x axis) while a quarter is worth 25 cents (y axis), so for every quarter, you will give up 5 nickels. That means that the slope is 1 in exchange of 5.

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The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.

A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.

Thus, the exterior finish of the house is:

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From the given options;

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Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.

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Implied is another type of contract.

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7 0
4 years ago
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The following are the transactions of Spotlighter, Inc., for the month of January:
coldgirl [10]

Answer:

Spotlighter, Inc.

Cash

Account Titles     Debit    Credit

Beginning balance $0

Notes Payable   $4,740

Common stock $5,430

Equipment                      $1,000

Supplies                          $1,100

Ending balance             $8,070

Notes Payable

Account Titles     Debit    Credit

Beginning balance $0

Cash                               $4,740

Equipment                        1,600

Ending balance  $6,340

Common stock

Account Titles     Debit    Credit

Beginning balance               $0

Cash                              $5,430

Equipment

Account Titles     Debit    Credit

Beginning balance $0

Cash                 $1,000

Notes Payable $1,600

Ending balance            $2,600

Supplies

Account Titles         Debit    Credit

Beginning balance $0

Cash                       $1,100

Accounts Payable $1,500

Ending balance                   $2,600

Accounts Payable

Account Titles     Debit    Credit

Beginning balance              $0

Supplies                        $1,500

Ending Balance $1,500

Explanation:

1) Data and Transaction Analysis:

a. Cash $4,740 Notes Payable $4,740

b. Cash $5,430 Common stock $5,430

c. Equipment $2,600 Cash $1,000 Notes Payable $1,600

d. Supplies $1,100 Cash $1,100

e. Supplies $1,500 Accounts Payable $1,500

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