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OverLord2011 [107]
3 years ago
8

The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the rela

tive price of the two goods. C. reflects the trade-off the market is offering the consumer. D. all of the above are correct.
Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer:

B. equals the relative price of the two goods.

Explanation:

A budget constraint refers to how much money a person or a company has to spend in any given pair of goods or services, e.g. you have $10 and you want to eat hot dogs and drink Coke.

The slope of the budget constraint refers to the relative price of the two goods or services, e.g. a hot dogs costs $2 and a Coke costs $1.50. The slope of the budget constraint = $1.50 / $2 = 0.75. The slope of a budget constraint is always equal or less than 1, that is why the smallest value is the numerator.

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At the time, the United States was the greatest importer in the world.

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5 0
2 years ago
Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy corn far
stiv31 [10]
The answer is "because Microsoft could conceivably lose deals in the event that it sets costs unpredictably".
 
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7 0
4 years ago
What the fraction of 0.10 ;)<br><br><br> Anyone live in ny (only answer if you live in ny)
wlad13 [49]

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4 0
3 years ago
The tragedy of the commons results when​ ___________. A. too many public goods are provided.B. common pool resources are overuse
Korvikt [17]

Answer:

The correct answers are:

1)  "B": common pool resources are overused.

2) "C": overfishing in public waters.

Explanation:

1) The tragedy of the commons is a resource-based economic problem that takes place when given resources are overexploited without a clear renewable plan or government restrictions that avoid the extinction of those resources. Those resources are usually scarce.  

2) <em>Overfishing in public waters</em> is a clear example of the tragedy of the commons. Certain types of fish are scarce. The situation worsens when there are no clear limits imposed on fishermen who tend to overexploit fishing for economic purposes. A real-life example of this is the collapse of the North Atlantic Cod fisheries on Canada's eastern coast.

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3 years ago
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Whitepunk [10]

Answer:

While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

8 0
2 years ago
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