Answer:
The slope of the consumer's budget constraint is -PA/PB.
Explanation:
The quantity of good A (Q A) is plotted along the horizontal axis, the quantity of good B (Q B) is plotted along the vertical axis.
The price of good A is PA, the price of good B is PB and the consumer's income is I.
The budget line represents the maximum possible bundles of two goods that a consumer can afford by spending his total income. The slope of the budget line will be the ratio of the prices of two goods. It represents the quantity of a good that the consumer needs to sacrifice to increase the consumption of the other good.
So the slope of the budget constraint will be -PA/PB.
Answer:
True
Explanation:
This is true that global staffing has created political issues such as questioning U.S. federal legislation that restricts the number of high-skilled workers admitted from other countries.
Pardon me but how about…yes?
With the price increase in tutoring from $5 to $15, producer surplus increases by <u>$10</u>.
<h3>What is producer surplus?</h3>
Producer surplus is the additional benefit that the tutors receive. It can be computed by determining the difference between old tutoring price, $5, and the new market price of $15. The implication is that while tutors are willing to accept $5, the new marketing price has made it possible for them to increase their surplus by $10 ($15 - $5).
Thus, the producer surplus increases by $10 to show the increased benefit that suppliers receive for selling their services in the marketplace.
Learn more about producer surplus at brainly.com/question/7622454
Answer:
0.25
Explanation:
Given the following outcomes,
- Outcome 1: probability (P) = 0.25, return (R) = 0.10
- Outcome 2: P = 0.50, R = 0.25
- Outcome 3: P = 0.25, R = 0.40
The expected return on the investment
= 
= (0.25 * 0.10) + (0.50 * 0.25) + (0.25 * 0.40)
= 0.025 +0.125 + 0.100
Expected return = 0.25.
