Answer: Explanation:
The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA
where
,
P
p is the price of a peach and
PA is the price of an avocado.
In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.
Answer:
Advantages of a corporation include limited liability for its shareholders, a perpetual existence and ease of transferring ownership interests
Explanation:
https://www.justia.com/business-formation/docs/corporation-advantages-disadvantages/
Answer:
Debit: Accounts Receivable 707,350
Credit: Sales Revenue 658,000
Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350
Explanation:
Answer:
(B) False
Explanation:
The Vacation Benefits payable account represents a liability that the employer has with the employee that has already earned its days of paid vacations but has not used them yet. When the employee is going to enjoy paid vacations days, this account (as all liability accounts) is decreased through a debit, and the bank's account is credited.
Answer:
You should answer to a couple of questions as folows:
Explanation:
Could I see myself using it?
Could I see someone else using it?
Does it improve something that already exists in a big way? Uber, for instance, made finding a taxi much easier
Are you aiming at folks who are likely to adopt? Mobile users, for instance, are a lot more likely to try something new than people who only use Windows 10 :)
