1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BARSIC [14]
3 years ago
11

The table shows an indifference schedule for several combinations of x and y. Approximately how much of y is the consumer willin

g to give up to obtain the sixteenth unit of x
Business
1 answer:
vaieri [72.5K]3 years ago
6 0
The table shows an indifference schedule for several combinations of X and Y. The table below shows the total utility data for products X and Y. Assume that the prize if X and Y are $3 and $4, respectively, and that consumer income is $18...The price of good A is $1 and the price of good B is $2
You might be interested in
Better writing helps make your efforts more ___________.A. effectiveB. analyticalC. complexD. None of the above
11111nata11111 [884]

Answer:

A. effective

Explanation:

As more and more one writes better, there will be communication of right message and ideas that will be passed across to the audience. As with other disciplines, continuous practice would make one to be better in terms of writing .There should also be search for knowledge which will assist to develop writing skills.

Through continuous writing, one's writing will be more effective having come across different hurdles. The hurdles here means challenges one would encounter at the beginning but which have now become Surmountable due to continuous practise.

7 0
3 years ago
The answer should be C. Bc clip art can have text illustrations etc!
Leokris [45]
It’s C ..................,..
5 0
3 years ago
Explain why it is important to compile a bibliography
nikdorinn [45]
So you are giving credit to the sources and information that you used in the work and so you are not penalized for plagiarism
4 0
3 years ago
Read 2 more answers
When the price of a brand new Blu-ray player was $300 each, only 100 people in the small town bought one. When the price dropped
amm1812

Answer:

Elastic demand.

Explanation:

The term elastic demand describes a situation where a small change in price causes a considerable change in demand. In other words, the change in demand is not proportionate to the change in price.

As per the law of demand, an increase in price decreases the quantity demanded. The term elastic in this context means stretching or moving. A good has elastic demand if its demand is highly responsive to changes in price.

In the case of the Blu-ray player, the price changed from $300 to $50. A drop of $250. As a percentage, the price dropped by (250/300 x 100) = 83.3%. The demand increased from 100 to 1000. An increase of 900 units. The percentage increase =(900/100 x 100)=900%.

The demand for Blu-ray is elastic. A price decline of  83% causes the demand to rise by 900%.

6 0
3 years ago
A student in a principles of economics course makes the following​ remark: ​"The economic model of perfectly competitive markets
DochEvi [55]

Answer:

The remark is incorrect.

Explanation:

The student says that firms in a perfectly competitive market earn zero profits in the long run which does not apply to the real world. The firms in the real-world will not operate at zero profits.

The student is getting confused between accounting profit and economic profit. Zero profit here implies zero economic profit. The firms will still be earning positive accounting profits.

Accounting profit is the difference between total revenue and explicit cost while economic profit is the difference between total revenue and both explicit and implicit cost.

8 0
3 years ago
Other questions:
  • A monopolist will earn economic profits as long as his price exceeds. True or False
    10·1 answer
  • Mattress​ Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last​ year, cost of goods sold was ​$
    7·1 answer
  • _________________assumes that the dollar is the "measuring stick" used to report on financial performance. (select an option) a.
    14·1 answer
  • Ryan is the manager of home repairs inc., a company that provides a wide range of repair and maintenance services. he claims tha
    11·1 answer
  • Investments are different from savings accounts in that they A. Offer high profit potential B. Are FDIC-insured C. Guarantee to
    8·1 answer
  • Omestead crafts, a distributor of handmade gifts, operates out of owner emma finn's house. at the end of the current period, emm
    8·1 answer
  • Which of the following foods does not support bacteria growth?
    12·2 answers
  • A computer assembly firm purchases computer parts at $230 per computer. The
    13·1 answer
  • Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 uni
    7·1 answer
  • 7. A personal filing system should
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!