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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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On September 1, a client paid the company $25,200 cash for six months of rent in advance (the client leased a building and took
Tju [1.3M]

Answer:

Dr Unearned rent revenue 16,800

Cr Rent revenue 16,800

Explanation:

Period 6 months

Period expired at year end which is from September to December = 4 months

December 31

Dr Unearned rent revenue 16,800

(4/6×25,200)

Cr Rent revenue 16,800

Unearned Rent Revenue was debited in order to reduced Liability while Rent Revenue was credited in order to increase revenue.

4 0
3 years ago
Suppose the price of widgets rises from $5 to $7 and consumption of widgets falls from 25 widgets a month to 15 widgets. Calcula
Tamiku [17]

Answer:

1

Unitary elastic

Elasticity of demand is unitary elastic because the absolute value of elasticity is equal to 1.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in quantity demanded = (25 - 15) / 25 = 0.4 × 100 = 40%

Percentage change in price = ($5 - $7) / $5 = 0.4 × 100 = 40%

Elasticity of demand = 40% / 40% = 1

If coefficient of elasticity is equal to 1, demand is unit elastic. It means that a change in price has an equal efect on the quantity demanded. Quantity demanded has an equal and proportional change to changes in price.

I hope my answer helps you

3 0
3 years ago
A company has net working capital of $0, current liabilities of $25 and total assets equal to $100. What is its current ratio?
kap26 [50]
I believe the answer is B) 1.0
6 0
3 years ago
Carolina is the vice president of the environmental club at her high school. She is in charge of e-mailing members about upcomin
Basile [38]

Answer:

Downward communication

Explanation:

She is a higher up in the club, and conveys information to the rest of the club members, who don't have as much of an important position. Her job is to move information given to her to the rest of the members.

4 0
2 years ago
1. A return of merchandise to the vendor results in a (A) debit to Purchases. (B) credit to Purchases Returns and Allowances. (C
Lyrx [107]

Answer:

Your correct answer ia A. debit to purchases

Explanation:

PLEASE MARK BRAINLIEST!!!

3 0
3 years ago
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