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Inessa05 [86]
3 years ago
11

For m > p2, the demand functions for goods 1 and 2 are given by the equations, x1 =m/p2 - 1 and x2 = p1/p2, where m is income

and p1 and p2 are prices. Let the horizontal axis represent the quantity of good 1. Let p1 = 1 and p2 = 2. Then for m > 2, the income offer curve is:a. a vertical line.b. a horizontal line.c. a straight line with slope 2.d. a straight line with a slope of 1/2.e. None of the above.
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

Option B is correct.

<u>A horizontal line</u>

Explanation:

Then for m > 2 , the income offer curve would be a horizontal line.

Income offer curve define as the curve which depicts the optimal choice of two goods at different levels of income at constant price. It is otherwise known as "Income Expansion Path"

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Answer:

What is a power grid?

C) Transmission lines and transformers that take and send electricity from generating facilities to end users

Explanation:

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Once the energy has been harnessed and converted to electricity, it needs to be transmitted. The network for transmission to the consumers is what makes up the power grid. Transmission is usually done at very high voltage to minimize losses. However, before providing it the consumers, the electricity needs to be converted to a low voltage by the use of transformers for domestic and commercial consumption.

6 0
3 years ago
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Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
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$2.58 per machine hour

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Explanation:

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Hope it helped u if yes mark me BRAINLIEST

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the answer to this question is 4.70%

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merchandise costing 1200 is sold for 2200 on term 2/30,n/60. If the customer pays within the discount period. Prepare the journa
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Answer:

The journal entries are as follows:

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(b) Cost of Goods Sold A/c Dr. $1,200

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