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Yuri [45]
3 years ago
13

Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal uti

lity) that a consumer would get from successive quantities of products J and K.
Units of J MUj Units of K MUk
1 56 1 32
2 48 2 28
3 32 3 24
4 24 4 20
5 20 5 12
6 16 6 10
7 12 7 8
If the consumer's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing:
a. 4 units of J and 5 units of K.
b. 6 units of J and 3 units of K.
c. 5 units of J and 5 units of K.
d. 2 units of J and 7 units of K.
Business
1 answer:
wlad13 [49]3 years ago
6 0

Answer:

d. 2 units of J and 7 units of K.

Explanation:

Marginal utility of a consumer is the measure of the benefit gained by consuming each additional unit. In the given scenario the consumer will gain from consuming each additional unit of J and K. When the consumer will have more of J then his marginal utility will decline which indicates that there should be combination of J and K.

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lee, a maryland licensee, has a buyer client who asks for recommendations for home improvement contractors. lee gives her client
SpyIntel [72]

Lee gives her client a list of recommended contractors, which includes the date that she last checked each contractor's license status on the Maryland home improvement commission's website. Lee must check the license status of the providers that she recommends yearly.

In Maryland, a contractor license is needed if you wish to work on domestic development tasks or do electric, plumbing, or HVACR work. Commonly, the license arrives 10 days after the utility is authorized. Our organization would love to recognize the requirements for a home development contractor to get licensed within the nation of Maryland.

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All contractors who carry out home improvement, together with painters, in the state of Maryland, require a license. All candidates must display years of experience in home development, construction, or associated schooling.

Learn more about license here brainly.com/question/18611420

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5 0
2 years ago
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0
3 years ago
The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
olya-2409 [2.1K]

Answer: Tariffs and quotas

Explanation:

Tariffs and quotas are firms of trade protectionism that are used to control the amount of goods brought into a country. While quotas are taxes on imports, quotas are limitation on the number of goods imported.

Tariffs and quotas will affect economic growth because when there's limitation to the amount of imports, will affect the gross domestic product negatively.

3 0
4 years ago
If a company uses LIFO, a LIFO liquidation causes a company's income taxes to increase:_______
olasank [31]

Answer: a. When inventory purchase costs are rising.

Explanation:

Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.

When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.

This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.

This means that they would have more profits as a result which will lead to more taxes being charged on them.

4 0
3 years ago
Which of the following statements is true? Multiple Choice
icang [17]

Answer:

1. Economic investment refers to the creation and expansion of business enterprises.

Explanation:

Economic investments: increase of the capital of a company. This can range from human resources, equipment, facelities, raw materials and others. in general it refers to tangible assets used into the business operations,

While Financial investments refer to allocation of cash to achieve a certain yield over a period. In financial investment we can find bonds, stock, rela state ventures, derivates among others.  If it is traded with the expectation of a financial gain (cash inflow in the future are greater than cash outflow at purchase) could be considered this type of investment.

4 0
3 years ago
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