Answer: eXtensible business reporting language (XBRL)
Explanation:
The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).
XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.
Answer:
b. increase his consumption of Y.
Explanation:
A normal good is a good whose demand increases when income rises and falls when income falls.
If good Y is a normal good, Prince would increases its consumption when income rises.
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Answer:
Another term for a pre-inspection agreement is Standard of practice.
Explanation:
Standard of practice entails agreement signed before any business is done at all, it forms the basis of the agreement documented and signed
Answer:
2 apples and 6 bottles of water
Explanation:
since Bervin earns K22, her consumption possibilities frontier is:
apple water total utils obtained
4 units 1 unit 90 + 20 = 110 utils
3 units 3 units 75 + 54 = 129 utils
2 units 6 units 55 + 90 = 145 utils
1 unit 8 units 30 + 98* = 128 utils
0 units 11 units 0 + 98* = 98 utils
The optimal combination of apples and bottles of water is 2 apples and 6 bottles of water because that combination yields the most utils.
*Since the table only states the utils obtained until the 7th unit, we must assume that any additional unit consumed will provide 0 utils.