2 years ago

Other things equal, an increase in a consumer's money income:_________

Business

1 answer:

madam [21]2 years ago

5 0

Answer:

B. shifts the individual's budget line rightward because she can now purchase more of both products

Explanation:

When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.

The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.

Therefore the answer to the question is option B.

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Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the

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Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

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An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of

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Answer:

a. True

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The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget

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Economies of scale exist when the long run average cost curve:

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3 years ago

_____ has the ability to introduce methods in which government can use to assist in ensuring equity.

dezoksy [38]

Answer: Social Welfare

Hope this helped!

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