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Olegator [25]
2 years ago
6

You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifferenc

e curves are plotted with tea on the vertical axis. If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point
Business
1 answer:
vodka [1.7K]2 years ago
8 0

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity

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BlackZzzverrR [31]

Answer:

Moral codes and social sanctions

Explanation:

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Externality can be positive or negative.

Postive externality is when the benefits of economic activities to third parties exceeds the costs.

Negative externality is when the costs of economic activities to third parties exceeds the benefits.

Smoking and littering the environment with cigeratte butts is an example of an activity that generates negative externality.

Sharon's morals and sense of judgement cautioned her against littering with her cigarette butts because she knows such activity is frowned against by the society. So, in this case she is guided by her moral codes.

This is one of the solutions to externality.

Other solutions include:

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Charities

I hope my answer helps you

3 0
3 years ago
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3 0
2 years ago
Two investments were made totaling $15000. for a certain year these investments yielded $1432 in simple interest. part of the $1
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3 years ago
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Answer:

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We can use the NRA as an example for this assumption. They are a well organized, funded and publicized group that firmly believes in their right to bear arms. I myself share that same belief. But I doubt anyone could argue why we need to sell machine guns or grenade launchers to common ordinary people that aren´t even trained to use them. But they have made their claim so well known and connected with the right politicians, that even mass murdering machines are available to the common public. And the cost of their actions are been paid mostly by innocent victims (and their families and communities) and the nation as a whole.

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