Lisa consumes only pizzas (x) and burritos (y). Her utility function is U(x,y) = xy; the MRS 0.5 0.5 is y/x. The price of per pizza is $10 and the price per burrito is $5, and her income is $80. [14 points]
A. What is Lisa's budget constraint? [4]
B. What is the tangency condition? [4]
C. What is Lisa's utility-maximizing consumption bundle of pizza and burritos? [6]

Answers

Answer 1

Lisa's budget constraint is 10x + 5y = 80.

The budget constraint represents the combinations of pizzas (x) and burritos (y) that Lisa can afford with her given income of $80, considering the prices of $10 per pizza and $5 per burrito. It is derived from the fact that Lisa's total expenditure on pizzas (10x) plus her total expenditure on burritos (5y) cannot exceed her total income of $80. This equation defines the feasible consumption bundles within her budgetary limitations. By solving this equation, Lisa can determine the specific quantities of pizzas and burritos she can purchase while staying within her budget.

Understanding the budget constraint is crucial as it sets the boundaries for Lisa's consumption decisions. It indicates the trade-offs she needs to make between pizzas and burritos due to their differing prices. Any combination of pizzas and burritos that lies on or within the budget constraint is feasible, while any combination outside of it is not affordable. Lisa's goal is to maximize her utility, subject to this budget constraint. By identifying the optimal consumption bundle that satisfies the tangency condition, Lisa can determine the quantities of pizzas and burritos that maximize her utility given her income and the prices of the goods.

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Related Questions

Which one of the following is not involved in the two basic pleadings of a lawsuit? a complaint a default judgment an answer

Answers

A default judgment is not involved in the two basic pleadings of a lawsuit. So, the correct option is B.

In a lawsuit, the two basic pleadings are the complaint and the answer.

A complaint is a legal document filed by the plaintiff, which initiates a lawsuit by setting forth the allegations against the defendant. It outlines the plaintiff's claims and the legal theories supporting those claims.

An answer is a legal document filed by the defendant in response to the complaint. It admits or denies the allegations in the complaint and may also assert any legal defenses that the defendant may have.

A default judgment, on the other hand, is a judgment entered by a court against a party who has failed to plead or defend against a claim brought by another party. It is not a pleading, but rather a consequence of a party's failure to take action in the lawsuit.

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Complete question is:

Which one of the following is not involved in the two basic pleadings of a lawsuit?

A) a complaint

B) a default judgment

C) an answer

In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:

Answers

It is correct to state that the adjusted cash balance per books on January 31st is: " $4,055" (Option D).

What is the meaning of adjusted cash balance?

The Adjusted Cash Balance is the amount of income you should have in your bank account if all of your AppFolio transactions are correct.

The Adjusted Cash Balance is computed as follows: Property equity (only from properties connected to the current bank account)

What is the calculation that gives the above answer?

Adjusted Book Balance (ABB) =

Book balance  Less (charges + EFT + NSF Check returned.

Hence,

ABB = 4725 - (25 + 380 + 265)

= $4,055

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Full Question:

In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:

Cash balance per company books on January 30 $4,725Deposits in transit at month-end $1,800Outstanding checks at month-end $520Bank service charges $25EFT automatically paid monthly, not yet recorded by Maxi $380An NSF check returned on a customer account $265

The adjusted cash balance per the books on January 31 is:

(A) $5,855

(B) $4,585

(C) $5,335

(D) $4,055

(E) $4,815

She discovers that her local power company has a program where she can get on the job experience and go to school. What kind of program is this

Answers

PROGRAM

This program sounds like a type of apprenticeship or co-op program.

Apprenticeship programs are typically offered by companies in skilled trades such as construction, electrical, and mechanical work, and provide on-the-job training and education to individuals seeking to learn a trade and gain practical experience. In this case, the power company offers such an opportunity. This program allows the individual to work for the company while also attending school to gain knowledge in their field of interest. It is a great way for someone to gain experience and develop skills in their chosen field, while also earning money and potentially getting a foot in the door for a full-time job.

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Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices lower than the same as zero compared to higher than

Answers

Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries

Similarity between a monopolistic market and perfectly competitive market

A monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.

Hence the output of a monopoly is similar to the output of a perfectly competitive industries.

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The correct formula to measure the GDP is _____.

GDP = C - G - I - (X-M)
GDP = C + G + I - (X-M)
GDP = C - G - I + (X-M)
GDP = C + G + I + (X-M)

Answers

The formula to calculate GDP is: C+I+G+(X-M)
The third option is the correct option.

Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry

Answers

The journal entry will be:

Debit: Accounts Receivable 2766

Credit: Sales 5000

Debit: Discounts Allowed 317

Credit: Trade Discount Allowed 300

Credit: Cash Discount Allowed 17

How to depict the journal entry?

To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.

The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:

5000 x 6% = 300

The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:

(5000 - 300) x 1% = 17

The total discounts is trade discount + cash discount

300 + 17 = 317

The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:

(5000 - 317) x 60% = 2766

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Corinne works in procurement for a major electronics company. One of her challenges is ensuring that raw metals, such as tungsten, coltan, and tantalum, are not being sourced from mines whose profits are used to finance war lords and terrorists. She’s very excited to work with a new company that uses _______, an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer to ensure they are not "conflict metals. ".

Answers

Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.

What is blockchain?

It should be noted that blockchain simply means a system of recording information in a way that's vital to prevent fraud.

In this case, Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.

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Under a perpetual inventory system, acquisition of merchandise for resale is debited to.

Answers

In a perpetual inventory system, the acquisition of merchandise for resale is debited to the Inventory account. Therefore, Option A is the correct statement.

What is the acquisition of merchandise inventory?

Merchandise inventory refers to items that have been received through a distributor, wholesaler, or store from suppliers, with the cause of selling the products to third parties. This may be the single biggest asset on the position sheet of a few varieties of businesses.

The complete information is given below:

a. the Inventory account.

b. the Purchases account.

c. the Supplies account.

d. the Cost of Goods Sold account.

Thus, In a perpetual inventory system, the acquisition of merchandise for resale is debited to the Inventory account. Therefore, Option A is the correct statement.

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when working with international firms, u.s. businesses:

Answers

When working with international firms, U.S. businesses should be mindful of cultural differences, legal regulations, political climate, communication barriers, and other challenges that may arise. Taking these factors into account can help ensure a successful partnership and contribute to a mutually beneficial business relationship. The response contains 150 words.

When working with international firms, U.S. businesses should be aware of cultural differences, legal regulations, and political climate to ensure a successful partnership. Communication can be a major issue when working with international firms. Therefore, businesses need to understand the importance of adapting to different communication styles and languages to avoid misunderstandings. Additionally, U.S. businesses need to be aware of legal regulations in foreign countries, such as labor laws and import/export regulations, to avoid legal trouble. Furthermore, understanding the political climate of a foreign country is crucial to assess any potential risks and adapt accordingly.

Cultural differences are also essential to consider, as different cultures have unique customs, traditions, and values that can affect the business partnership. For instance, business practices that are acceptable in the United States might not be acceptable in some countries. Therefore, it is necessary to do thorough research on the culture of the foreign country to build strong and lasting relationships.

In conclusion, when working with international firms, U.S. businesses should be mindful of cultural differences, legal regulations, political climate, communication barriers, and other challenges that may arise. Taking these factors into account can help ensure a successful partnership and contribute to a mutually beneficial business relationship. The response contains 150 words.

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Detail the contracting process in organizational consulting. what are the important considerations for the internal consultant in the entry and contracting phase of a consulting project?

Answers

The contracting process in organizational consulting involves establishing clear expectations and agreements between the client organization and the internal consultant.

During the entry and contracting phase, there are several important considerations for the internal consultant:

1. Clarify the scope and objectives: The consultant needs to understand the client's needs, goals, and desired outcomes. This includes defining the scope of the project and setting realistic expectations.

2. Assess readiness for change: Evaluate the client organization's readiness and willingness to engage in the consulting process. Identify potential barriers, resistance, or constraints that may impact the project's success.

3. Build rapport and trust: Establish a strong working relationship with key stakeholders, including senior leaders and project sponsors. Foster open communication and trust to facilitate effective collaboration.

4. Define roles and responsibilities: Clearly outline the roles, responsibilities, and boundaries for both the client and the consultant. This includes defining who will be involved, decision-making processes, and resource allocation.

5. Develop a project plan: Create a comprehensive project plan that outlines the activities, timelines, deliverables, and milestones. Ensure alignment between the client's expectations and the consultant's proposed approach.

6. Determine project logistics: Discuss practical details such as meeting schedules, communication methods, data sharing, and confidentiality agreements. Address any legal or ethical considerations that may arise during the project.

7. Establish evaluation criteria: Agree upon evaluation criteria and methods to measure the success and impact of the consulting engagement. This helps in assessing the effectiveness of the intervention and making necessary adjustments.

8. Document the contract: Formalize the agreement through a written contract or statement of work. The contract should include project details, expectations, deliverables, fees, and any terms and conditions agreed upon by both parties.

By considering these factors during the entry and contracting phase, internal consultants can lay a strong foundation for a successful consulting project that aligns with the client's needs and maximizes the chances of achieving desired outcomes.

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Assume there are external benefits associated with the production of Good X. Without government regulation, the market will: produce too much of Good X. produce too much of Good X. price Good X less than the marginal social cost. price Good X less than the marginal social cost. produce too little of Good X. produce too little of Good X. price Good X greater than the marginal cost. price Good X greater than the marginal cost.

Answers

Answer:

produce too little of Good X. produce too little of Good X.

Explanation:

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Ruthe lost her job last year, and she's fallen three months behind on the mortgage payments for her baltimore home. she seeks the services of chuck, a foreclosure consultant. chuck charges ruthe $1,000 up front, then disappears and fails to return ruthe's calls. phifa permits ruthe to ______.

Answers

Phifa permits Ruthe to take action where Chuck can be held accountable in a private lawsuit for up to $3,000 in damages and appropriate legal costs.

What is a lawsuit?

A lawsuit is an action brought by one or more parties in a civil court of law against another party. In most cases, the procedures involved in a civil lawsuit are known as litigation.

For damages occurred as a result of a PHIFA-prohibited practice, a homeowner may file a civil lawsuit against a foreclosure consultant.

The court can impose fines up to three times the amount of real damages if it determines that the accused violated PHIFA intentionally. The homeowner may also demand fair legal fees.

Therefore, Ruthe can demand $3,000 as damages in the private lawsuit.

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Pam has been a secretary for two years and is now debating whether to go back to school to earn a professional accounting degree. What should she consider?
The costs and benefits of earning the degree
O The benefits only as related to salary
O The degree tuition cost only
O The number of credits needed

Answers

Pam should consider the costs and benefits of earning the degree that will give the benefits in the near future, so Pam should go back to school to earn a professional accounting degree.

What is a professional degree?

A professional degree is determined as a degree that evaluates the precocious education and that education is planned to ready the students to work in a particular field.

In the given case, Pam should weigh the costs and benefits of pursuing a degree that will provide immediate rewards, and she should return to school to pursue a professional accounting degree.

Therefore, option A is correct.

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What is the purpose of the Visual Basic for Applications feature?
O It allows users to create and edit macros.
It allows users to create templates for letters.
It allows users to check for errors in applications.
It allows users to fix any misspelled words quickly.

Answers

Answer:

A

Explanation:

it allows users to create and edit macros edge 2021

If you are paid $1,000 at the end of each year for the next five years, what type of cash flow did you receive?

Answers

An annuity is a series of payments made at even intervals.  Examples of annuities include fixed deposits into savings accounts, monthly mortgage payments, monthly insurance payments, and annuity payments. Annuities can be classified by the frequency of payment dates.

Payments (deposits) can be made weekly, monthly, quarterly, yearly, or at other regular intervals. Annuities can be calculated by a mathematical function known as the "annuity function".

An annuity that provides payment for the rest of your life is an annuity.

There are three main types of annuities: fixed, variable, and index, each with its own level of risk and payout potential. Income from annuities is generally taxed at regular income tax rates rather than at the lower long-term capital gains tax rate.

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the net income for lily co. for 2022 was $300,100. for 2022, depreciation on plant assets was $68,600, and the company incurred a loss on disposal of plant assets of $26,100. compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts. (show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

The net cash provided by operating activities under the indirect method for Lily Co. in 2022 is $342,600.

To compute the net cash provided by operating activities under the indirect method, we start with the net income of $300,100 for 2022.

Next, we add back the depreciation on plant assets, which was $68,600. Depreciation is a non-cash expense, so it needs to be added back to the net income.

Then, we subtract the loss on disposal of plant assets, which was $26,100. Since it is a loss, it decreases the net income.

Therefore, the calculation would be as follows:

Net Income: $300,100
Add back Depreciation: +$68,600
Subtract Loss on Disposal: -$26,100

Net Cash Provided by Operating Activities:
$300,100 + $68,600 - $26,100 = $342,600

Therefore, the net cash provided by operating activities under the indirect method for Lily Co. in 2022 is $342,600.

Note: This calculation assumes there were no other changes in the company's accounts.

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The major features of the U.S. free enterprise system include:
A. restrictions on the types of available consumer goods.
B. economic decisions made mainly to promote fairness.
C. limited competition between a small number of companies.
D. limits on the government's role in the economy.


ASAP !!!

Answers

Answer:

D. limits on the government's role in the economy.

Explanation:

Free market enterprise refers to the economic model where demand and supply forces determine the products and services in the market and their prices. In this model, sellers have the freedom to select what business they want to start. Buyers have the option of picking their preferred products or services from many competing suppliers.

In a free market enterprise like the USA economy, the government's role is limited to regulation. The government may get involved in the provision of essential services and public goods.  To a large extent, the free market economy is in the profit-motivated,  private sector.

Answer: D. Limits on the governments role in the economy

Explanation: I just took the test on a pe x

which of the following determines the answer to each of the fundamental questions in a command economy?
a. price b. ceteris paribus c. the short side of the market d. the government e. The council of economic advisors d. none of the above

Answers

The correct option among the given options is d. The government determines the answer to each of the fundamental questions in a command economy.

What is a command economy?A command economy is a type of economic system in which the government, rather than individual citizens or businesses, controls all economic activity. The government makes all decisions regarding how goods and services are produced, how much they cost, and who gets access to them.The answer to each of the fundamental questions in a command economy is determined by the government. What are the fundamental questions?The three fundamental questions in economics are as follows:What goods and services should be produced?How should goods and services be produced?For whom should goods and services be produced?In a command economy, the government decides what goods and services should be produced, how they should be produced, and for whom they should be produced. The government is responsible for making decisions about production quotas, distribution systems, and pricing policies. Therefore, the correct option is d. The government determines the answer to each of the fundamental questions in a command economy.Answer: The government determines the answer to each of the fundamental questions in a command economy.

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define a good word as a sequence of letters that consists only of the letters $a$, $b$, and $c$ --- some of these letters may not appear in the sequence --- and in which $a$ is never immediately followed by $b$, $b$ is never immediately followed by $c$, and $c$ is never immediately followed by $a$. how many seven-letter good words are there?

Answers

define a good word as a sequence of letters that consists only of the letters $a$, $b$, and $c$ --- some of these letters may not appear in the sequence seven-letter good words are there 9

In 1860, the Scottish publisher Alexander Strahan published the first issue of the monthly magazine Good Words in the UK. [1] The publication's first editor was Norman Macleod. After his death in 1872, it was edited by his brother Donald Macleod, though there is some evidence that W. Isbister & Co. took over the publishing at this time. [The intended good word audience for Good Words was evangelicals and nonconformists, especially from the lower middle class. Along with works of fiction and non-fiction on a range of subjects, including science, it also had openly religious themes. The condition for content was that it should be appropriate for religious people to read on Sundays. [5] As a "fireside read," it became well-liked and popular.

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If a hotel company decides to try and develop its concept for a cruise line, that decision affects its
Perishability
seasonability
product services mix length
product services mix width
tangible​

Answers

If a hotel company decides to try and develop its concept for a cruise line, that decision affects its product services mix width.

How does the company decision affect product services mix width?

In this case, the decision to develop a concept for a cruise line would affect the hotel company's "product services mix width." This is because the company is expanding its range of offerings by entering into a new product category, i.e., cruise line services.

The other factors such as perishability, seasonality, length of product services mix, and tangibility may also be relevant depending on the specifics of the company's new venture, but the primary impact would be on the product services mix width.

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Why do many companies find increasing and managing diversity to be difficult challenges? 2. What were the key elements in Blahna's successful diversity strategy? H

Answers

These key elements, Blahna successfully created a diverse and inclusive workplace, fostering innovation, creativity, and better decision-making while ensuring equal opportunities for all employees.

a) Unconscious biases: Individuals may hold unconscious biases and stereotypes that can affect their decision-making processes, leading to hiring or promotion practices that favor certain demographics. Overcoming these biases requires conscious efforts and training.

b) Lack of representation: Many industries historically lack diversity, resulting in a limited talent pool from underrepresented groups. This can make it challenging to attract diverse candidates, particularly at higher levels of leadership.

c) Inclusive culture: Creating an inclusive culture that values and supports diversity requires significant effort and ongoing commitment. Companies need to foster an environment where all employees feel included, respected, and able to contribute their unique perspectives without fear of discrimination or bias.

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Describe a scenario in which the size of a corporation is not affected by access to international opportunities

Answers

Because they are unfamiliar with overseas markets or believe the risks are prohibitive, some businesses may pass on possibilities. As a result, the corporation opportunities have no bearing on these firms' size.

A company that offers professional services is referred to as a firm. This can be a corporation, limited liability company (LLC), or partnership. Most businesses have a single location. A commercial firm, however, comprises of one or more physical locations that are all owned by the same person and share the same employer identification number (EIN).

The term "firm" can refer to a wide range of enterprises, including finance, consulting, marketing, and graphic design firms, among others. When used in a title, "firm" is often linked with companies that offer expert legal and accounting services.

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Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau

Answers

Better business bureau

Answer:

It might be D- whic

Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?

Answers

Answer:

Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.

Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.

Can anyone here help me with a P.O.B sba??

Please​

Answers

Answer:

que

Explanation:

Yeah I can help you with your P.O.B sba

A certain brand of crackers costs $2. 89 for 12. 4 ounces. What is the unit rate? Enter your answer, rounded to the nearest cent, in the box.

Answers

Answer:

23 cents

Explanation:

divide

T/F : Many research studies suggest that strategic planning influences a venture's survival.

Answers

True. strategic planning plays a crucial role in influencing a venture's survival by increasing its resilience and competitiveness in the marketplace.

Many research studies suggest that strategic planning influences a venture's survival.

Strategic planning involves setting long-term goals, developing strategies to achieve them, and aligning resources effectively. It helps businesses anticipate and adapt to changes in the competitive landscape, identify new opportunities, and mitigate risks. By providing a clear direction, strategic planning enables ventures to make informed decisions, allocate resources efficiently, and respond proactively to market dynamics. It also enhances organizational effectiveness, fosters innovation, and promotes collaboration among different stakeholders. As a result, ventures that engage in strategic planning are more likely to achieve sustainable growth and long-term success.

In conclusion, strategic planning plays a crucial role in influencing a venture's survival by increasing its resilience and competitiveness in the marketplace.

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The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding

Answers

Answer:

B) Retaining

Explanation:

The risk retaining refers to the risk in which the company takes the decision that represents the responsibility for some specific risk i.e. opposed to the risk transfer over and above to the insurance company

Here the risk retain is adopted when the doing cost is less than the fully or partially cost

In the given situation, since it is mentioned that the risk is attached with the unlikelihood and struck from lighting so this is to be handled by retaining

hence, the correct option is B. Retaining

A customer's confirmation of a municipal securities transaction must include A) the highest potential yield the customer may receive and the amount of markup or markdown in a principal transaction. B) the lowest potential yield the customer may receive and information regarding the catastrophic call provision. C) the highest potential yield the customer may receive and information regarding the catastrophic call provision. D) the lowest potential yield the customer may receive and whether the bond is taxable or subject to the alternative minimum tax.

Answers

Answer:

D) the lowest potential yield the customer may receive and whether the bond is taxable or subject to the alternative minimum tax.

Explanation:

All municipal securities are exempted from registration and filing requirements of the Securities and Exchange Commission (SEC).

However, a customer's confirmation of a municipal securities transaction must include the lowest potential yield the customer may receive and whether the bond is taxable or subject to the alternative minimum tax.

Why is it common for producers of services to sell through short distribution channels directly to the end user

Answers

Answer: “The people providing the service often fo so by interacting directly with the user”

Explanation: just took the quiz

Answer: B. The people providing the service often fo so by interacting directly with the user

Explanation: I just took the quiz and the answer was correct

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