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3 years ago

The marginal rate of substitution measures the distance between one indifference curve and the next one. True False

Business

1 answer:

damaskus [11]3 years ago

5 0

Answer:

False

Explanation:

The marginal rate of substitution measures what amount of good X a consumer is willing to give up in order to consumer an additional unit of good Y. It is a useful tool when you try top analyze consumer behavior and preferences between two goods.

It is represented by the slope of an indifference curve, it does not measure the distance between indifference curves.

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Is buying a movie ticket considered a

Likurg_2 [28]

C. Public Good (at least I think because the money goes to the public)

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4 years ago

When the Constitution was adopted in 1789, why was the federal government granted the authority to raise taxes?

Gelneren [198K]

Answer: Debt Payment, National Defense and Welfare of the United States

Explanation:

When the Articles of the Confederation which was the first Constitution of the United States was ratified in 1781, it included a clause that empowered the State Governments to decide what to give to Congress. Some of them gave less and some gave nothing of what they were supposed to give.

Congress was therefore powerless and risked falling apart and with it, the Central Government.

The Constitution of 1789 changed this by including the 'Taxing and Spending' clause.

This clause gave Congress the right to impose taxes. The clause states that Congress can levy taxes to enable it to pay off American debt as well as for the defense and general welfare of American citizens.

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3 years ago

Match each term with its best description A. goods and services are worth what people believe they are worth and are willing to

alekssr [168]

Answer:

1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.

2. Utilitarianism D. the best ethical choice produces the best result for the greatest number

3. Free market ethics A. goods and services are worth what people believe they are worth and are willing to pay for and businesses need only be concerned with making a profit for owners (shareholders)

4. Virtue ethics B. based on the moral character of the person rather than the act

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3 years ago

What is the role of the GP during a womans pregancy?

sladkih [1.3K]

Your GP can talk to you about your options for pregnancy care and the birth. Your choices, and the facilities available where you live, will determine the role your doctor will play. Your GP will check your medical history. They'll ask about health issues that could affect you or your baby

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3 years ago

On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca had 80,000 shares of $5 par co

Reika [66]

Answer:

The correct answer is Option A.

Explanation:

The overall effect this declaration would has on the retained earnings would be determined using the current market value, meanwhile the effect on common stock would determined using the par value.

Stock dividend declared = 10% x 80,000 shares x $10 = $80,000

The effect on common stock will be = 10% x 80,000 shares x $5 = $40,000

So, paid in capital in excess of par value common stock is $80,000 - $40,000 = $40,000.

Necessary accounting entries

Debit Retained earnings $80,000

Credit Common stock $40,000

Credit paid in capital in excess of par value common stock $40,000

<em>(To record declaration of 10% stock dividend)</em>

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3 years ago