Bob consumes food and housing. Suppose his marginal utility from an additional unit of food is 20 and his marginal utility from an additional unit of housing is 100. Furthermore, suppose the price of a unit of food is $1.00 and the price of a unit of housing is $2.00. Can Bob increase his utility without changing his total expenditures on food and housing? Holding expenditures constant,A. Bob can increase utility by spending more on food and the same amount on housing.
B. Bob cannot increase his utility
C. Bob can increase utility by spending more on food and less on housing.
D. Bob can increase utility by spending more on food and more on housing.
E. Bob can increase utility by spending less on food and more on housing.
Answers
Answer:
Option (E) is correct.
Explanation:
For utility maximization,
Bob's consumption of Housing and food should be such that:
Here,
= 50
=20
Bob is not maximizing utility, as these two terms are not equal(50 > 20).
Since the marginal utility per rupee spent on housing is greater than that on food.
Hence, Bob can increase his utility just by consuming more of housing and less of food.
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operating large vehicles
counting vehicles
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analyzing accident reports
campaigning for transportation laws
negotiating with police officials
Answers
the length of time a light remains red, counting vehicles, reviewing accident data, and advocating for traffic rules are some of the activities that traffic technicians frequently carry out, according to the video.
What do you know about the Traffic Technicians ?
A qualified individual who examines and manages traffic as well as the variables affecting traffic conditions is a traffic technician. They review a range of traffic-related data at the direction of a traffic or civil engineer to assist in enhancing traffic flow.
A traffic technician is a specialist that works in the area of transportationengineering and is in charge of managing and evaluating traffic patterns and flow. They have a thorough understanding of how vehicles, pedestrians, and bicycles behave on the road, and they use this expertise to the design and implementation of traffic management systems that guarantee the safe and effective movement of people and commodities.
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Answer:
1
3
4
5 is correct
Explanation:
-Jamir makes a $1,000 deposit and then withdraws it one week later.
-Isabella splits her $5,000 deposit between two different banks.
-A bank manager trades old, worn $20 bills for new currency issued by the Federal Reserve.
Answers
The scenario that best described fractional reserve banking is Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car.
What is fractional reserve banking?
Fractional banking is a form of banking where a portionof customer's deposits is kept with the Central Bank as reserves. The excess of deposits over reserves can be given out as loans.
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Answers
Answer:
The equation states that Assets = Liabilities + Equity.
The equation applies to all transactions and events.
The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners.
The relation of assets, liabilities and equity is reflected in the equation.
Source: Trust me bro
The statement accurately describes the fundamental concept of the accounting equation, which states that the total assets of a business must equal the total liabilities and equity.
The correct statements that explain how the accounting equation applies to businesses are:
A. **The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners.**
It highlights the balance between what a business owns (assets) and what it owes (liabilities and equity).
E. **The equation states that Assets = Liabilities + Equity.**
Explanation: This statement is a direct representation of the accounting equation.
It shows the relationship between a company's assets (what it owns), its liabilities (what it owes to external parties), and its equity (the residual interest of the owners).
This equation must always hold true in accounting.
The other statements (B, C, and D) do not accurately describe the accounting equation or its application to businesses:
B. The equation does not apply to all transactions.
It provides a framework for understanding the relationship between assets, liabilities, and equity, but individual transactions may involve specific accounts within these categories.
C. The equation presented here is not an accurate representation of the accounting equation.
Revenues and expenses are related to the income statement, while the accounting equation relates assets, liabilities, and equity.
D. This statement is not accurate.
Total revenues do not always equal total liabilities and assets; they are related to the income statement and do not directly affect the balance reflected in the accounting equation.
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Answers
Answers
Dear Casey, Jonas is the answer.
Simone can address her cover letter like Dear Casey Jonas and also if she is unsure of the employer's gender.
Further explanation:
Cover letter:
- It is an introduction to a letter.
- It is provided with the resume.
- It is additional information on our skills and qualification.
- It makes the employer’s work easy.
- An employer can easily go through the cover letter to whom he/she is interestedin taking the interview.
Address of a cover letter:
- The address of a cover letter should be formal.
- The address of a cover letter should not have used unprofessional words like hey.
- The address must be written with the word dear and after the word, dear, the name of the individual or the employer. Dear Xyz can be written if the name of the individual is Xyz. This seems professional.
Thus,a cover letter can be addressed as Dear Casey Jonas, if Simone is unsure of the employer’s gender.
Learn more:
1. Learn more about cover letter:
2. Learn more about thank you letter:
3. Learn more about cover letter:
Answer details:
Grade: High School
Subject: Business Studies
Chapter: Human Resource Management
Keywords:Simone is writing a cover letter to Casey Jones, and is unsure of the employer’s gender, how should she address her letter, introduction, unprofessional.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answers
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
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