Jerome consumes only two goods, eggs and beans. His preferences are complete, transitive, monotonic and convex. When the price of beans rises, he buys fewer eggs and the same amount of beans. Based on this information, we can say that:

a. Beans are necessarily normal and eggs are necessarily inferior.
b. Beans are necessarily inferior and eggs are necessarily normal.
c. We can only conclude that beans are necessarily normal.
d. We can only conclude that eggs are necessarily normal.
e. We can only conclude that eggs are necessarily inferior.

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii

Companies under market structures are independent

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.