Answer: Option (A) is correct.
Explanation:
Price of good A = Price of Good B = $2
Income = $20
Therefore, from the above information, the budget constraint is as follows:
2A + 2B = 20
Both goods have an intercept value of 10 with A=4 & B=6 and the slope of indifference curve shows that marginal rate of substitution (MRS) is falling. This means that as we consume more and more units of a good, the utility obtained from that good decreases.
The utility derived from good B decreases as we consume more and more units of a good, since it is in larger proximity to the intercepts value.
Therefore, the consumer will pay to purchase more of good A as compared to good B at this point.
Answer:
Equal Pay Act
Explanation:
The Equal Pay Act is a federal law that requires employers to pay men and women under the same working conditions equally. Simply put, equal pay for equal work.
This Act was signed into law on June 10, 1963 by John F. Kennedy and it was aimed at abolishing wage differences based on sex, just like in the question above.
Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the taxes are financial charges that are imposed upon a taxpayer with the only purpose to increase the incomes of the government who are mainly taxes. Therefore that the taxes will never be or communicate a benefit nither to producers or consumers in any form or type that they could be. The taxes will only help the government to increase its income and to pay for the expenditures and therefore that it will never help to communicate nither costs or benefits to producers or consumers.
The drawback of the Sherman antitrust act is option A: It was too vague to prevent monopolies.
<h3>What was the drawback of the Sherman Antitrust Act?</h3>
The Sherman Anti-Trust Act was known to be the very first Federal act that was said to have been against any form of monopolistic business practices.
Note that even though they had outlawed those kind of business, the Sherman Anti-Trust Act was not able to guide against them.
Therefore, based on the above, The drawback of the Sherman antitrust act is option A: It was too vague to prevent monopolies.
Learn more about Sherman antitrust act from
brainly.com/question/25010501
#SPJ1
Answer:
Unitary Direct material cost= $0.16 per bar
Explanation:
Giving the following information:
The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,200 bars) are as follows:
Ingredient Quantity Price
Cocoa 400 lbs. $1.25 per lb.
Sugar 80 lbs. $0.40 per lb.
Milk 120 gal. $2.50 per gal.
Unitary Direct material cost= (400/5,200)*1.25 + (80/5,200)*0.40 + (120/5,200)*2.5= $0.16 per bar
