1.3cm
8.6cm
35.0cm
60.0cm
Correct answer is D
\(\frac{1}{v} = \frac{1}{f} - \frac{1}{U}\)
\(\frac{1}{15} - \frac{1}{20} = 60cm\)
C + V
\(\frac{C}{V}\)
\(\frac{V}{C}\)
C - V
Correct answer is B
No explanation has been provided for this answer.
A condition for consumer utility maximization is
Equality of the ratio of marginal utilities and the ratio of prices
Equality of the ratio of average utilities and the ratio of prices
Equality of the marginal utility to total utility ratio for both commodities
Total utility and marginal utility must be zero
Correct answer is A
In Utility Maximization, the consumers decide to spend their money so that the amount spent on each product purchased yields the same amount of extra marginal utility. The consumer would maximize its utility when marginal utility equals the price paid for the commodities.
Elastic
Unitary elastic
Perfectly inelastic
Perfectly elastic
Correct answer is A
The law of supply states that there is a direct relationship between the quantity supplied and the price of a commodity. If a change in price causes a change in the quantity supplied, this means the supply is elastic.
A shift in the demand curve indicates
Exceptional demand
Change in demand
Change in quantity demanded
Elasticity of demand
Correct answer is B
A shift in the demand curve means that other determinants of demand other than price causes demand to change. They include changes in tastes, population, income, prices of substitute or complementary goods, and expectations about future conditions and prices. This is usually an indication of a change in demand.
A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of the price difference.