Reference no: EM131055118
1) Refer to Goods X and Y. Suppose the consumer is spending all of his income buying some of both goods. If the marginal value of X is greater than the relative price of X, how can the consumer improve his level of satisfaction?
A. By purchasing more of both goods.
B. By purchasing more of good X and less of good Y.
C. By purchasing more of good Y and less of good X.
D. The consumer cannot improve his level of satisfaction because he is at the optimum.
2) Refer to Goods X and Y. Suppose the consumer is at an optimum, spending all his income on good X. How are the marginal value of X and the relative price of X related at this corner solution?
A. The marginal value of X and the relative price of X must be equal.
B. The marginal value of X must be less than or equal to the relative price of X.
C. The marginal value of X must be greater than or equal to the relative price of X.
D. There is no definite relationship between the marginal value and the relative price of X.
3) Consider an income tax and a head tax, the sizes of which have been set so that the government collects the same amount of money under each tax. Which tax does the consumer prefer?
A. The consumer is indifferent between the two taxes, since he pays the same amount of money under each tax.
B. The consumer prefers the head tax, because it does not lower the relative wage as does the income tax.
C. The consumer prefers the income tax, because it can be avoided by increasing the amount of leisure time consumed.
D. The consumer may prefer either tax, depending on whether the income tax increases or decreases the number of hours of work at the optimum.
|
Compare between reflexology and massage techniques
: Has reflexology been demonstrated to facilitate the healing process and provide relief to those suffering from anxiety and pain? If so, what mechanisms can be identified?
|
|
Long-term investment decision and NPV method
: Jenny Jenks has researched the financial pros and cons of entering into a 1-year MBA program at her state university. The tuition and books for the master’s program will have an up-front cost of $50,000. If she enrolls in an MBA program, Jenny will..
|
|
What value is stored at that location
: Write two separate statements that assign the starting address of arrayvalues to pointer variablevPtr.
|
|
Propose the internal control activities or audit plan
: Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.
|
|
Consumer improve level of satisfaction
: 1) Refer to Goods X and Y. Suppose the consumer is spending all of his income buying some of both goods. If the marginal value of X is greater than the relative price of X, how can the consumer improve his level of satisfaction?
|
|
Create a data frame that consists of the data of the article
: Hypotheses: how certain news is affecting the decrease and increase in the price of USD/EUR. Create a data frame that consists of the data of the article, the rate on that day
|
|
Revenue models implemented by encyclopedia britannica
: Encyclopedia Britannica is a company that has transferred its existing reputation for high quality to the World Wide Web. Encyclopedia Britannica started in 1768 and it developed its respected brand over its years of publishing. What are the two rev..
|
|
Explain the cost- financial implications
: Compare and contrast four-way traffic signal controlled intersections versus four-way roundabouts. In your response, discuss the safety implications of each as well as the traffic performance implications. Word limit is 500 words.
|
|
Should the european union be allowed to ban certain types
: Should the European Union be allowed to ban certain types of meat, even though numerous other countries consider the meat safe and the World Health Organization considers the EU ban illegal?
|