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Komok [63]
4 years ago
10

Suppose that fiona spends all of her income on 10 units of good x and 14 units of good y. fiona's marginal utility from the 10th

unit of good x is 24 utils, and her marginal utility from the 14th unit of good y is 20 utils. if the price of good x is $8 per unit and the price of good y is $5 per unit, then to comply with the rational spending rule, fiona should:
Business
1 answer:
Scrat [10]4 years ago
7 0
<span>Should have bought more units of x and less units of y as dollar utility per item x is 24 Ă— 8 / 10 = 19.2 while dollar utility per y is 20 Ă— 5 / 14 = 7.14, but they have to be equal, i.e., 192 Ă— y = 100 Ă— x</span>
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Select the sentence that is completely correct. Group of answer choices Todd is unsure of whether he should except the position
goldenfox [79]

Answer:

The completely correct sentence is:

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Explanation:

The adjective unsure goes with the preposition, 'of' to indicate what the subject is not certain of.  Option 1 with 'except' is completely wrong.  It is not the correct verb form of the word.  Some people, however, omit the preposition, 'of,' but this is not completely correct.

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Answer:

The isoquants will be straight parallel lines.

Explanation:

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The isoquant curve shows all combinations of input that can be used to produce units of output.

For goods that have perfect substitution the isoquants are straight lines that are parallel to each other. The marginal rate of technical substitution is 1, and isoquant have slope angle of 45° with each axis.

Find attached an illustration of this. So copper is a perfect substitute for bronze.

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3 years ago
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Like Coca Cola in Iran for example will not have ads of women in bikinis being chilled by a cold Coca Cola bottle in the hot sun because that would go against codes of modesty in Iran.

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