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Schach [20]
2 years ago
12

Suppose the quantity of burgers is measured on the horizontal axis and the quantity of bags of French fries is measured on the v

ertical axis. The marginal rate of substitution for burgers is:____.a. the ratio of burgers consumed to bags of fries consumed. b. the ratio of bags of fries consumed to burgers consumed. c. the rate at which a person is willing to give up burgers to get more bags of fries while staying on the same indifference curve. d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve. e. the number of burgers consumed minus the number of bags of fries consumed.
Business
1 answer:
frosja888 [35]2 years ago
6 0

Answer:

d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve

Explanation:

Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.

An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.

In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction

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Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
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For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

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3 years ago
The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.
nordsb [41]

Answer:

The correct word for the blank space is: specific job; process.

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Suppose that there is asymmetric information in the market for used cars. Sellers know the quality of the car that they are​ sel
zepelin [54]

Answer:

$22,500

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3 0
3 years ago
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