Why Marginal Rate of Substitution must equal to the ratio of price of 2 given goods for the consumer to achieve maximum satisfaction?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why Marginal Rate of Substitution must equal to the ratio of price of 2 given goods for the consumer to achieve maximum satisfaction? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If the number of unemployed persons in a country equals 24 million, the number of employed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployement rate equals: a. 18% b. 25% c. 32%
Answers (1)
Jamal is a nurse and earns $48,000 per year. He lives in California and pays about 6 percent of his income in state income taxes. His sales tax rate is 8 percent. Diamond is an accountant and earns $50,000 per year.
Answers (1)
When recording responses to open-ended questions, it is okay for the interviewer to rephrase the respondents' answers?
Answers (1)
A favorable cost variance occurs when actual costs are more than standard costs standard costs are more than actual costs standard costs are less than actual costs actual costs are the same as standard costs
Answers (1)
Shamrock Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2020, Shamrock took part in the following selected transactions. 1.
Answers (1)
New Questions in Business
Susan Marciano invested part of her $ 19 comma 000bonus in a fund that paid an11 %profit and invested the rest in stock that suffered a 5 %loss. Find the amount of each investment if her overall net profit was $ 650.
Answers (1)
An office has a "coffee fund," an old coffee can where people can toss change anytime they pour a cup of coffee. The fund can be used to buy new coffee for the office when the supply runs out.
Answers (1)
6. Asset 1 has an expected mean return of µ1 = 9%, standard deviation of its return is σ1 = 6%. Asset 2 has an expected mean return of µ2 = 14%, with a standard deviation of σ2 = 11%.
Answers (1)
Disparate treatment could be legal if the discrimination: a. results in increased efficiency. b. is performed by a governmental organization. c. is performed by a private employer. d. is for a bona fide occupational qualification
Answers (1)
Use of illegal tactics to gain profit in the global marketplace, typically involving cross-border sale and distribution of illegal commodities are known as
Answers (1)