A Typical Indifference Curve Is

question 105

Multiple Choice

A typical indifference curve is:

• A)downward sloping and has a slope that is the negative of the marginal utility of the horizontal axis good divided by the marginal utility of the good measured on the vertical axis.
• B)upward sloping and has a slope that is the negative of the marginal utility of the horizontal axis good divided by the marginal utility of the good measured on the vertical axis.
• C)downward sloping and has a slope that is the negative of the total utility of the horizontal axis good divided by the total utility of the good measured on the vertical axis.
• D)downward sloping and has a slope that is the total cost of the horizontal axis good divided by the total cost of the good measured on the vertical axis.

Understand the process of partnership liquidation, including the distribution of cash and settlement of deficits.

Calculate the distribution of cash to partners upon liquidation based on capital account balances and profit and loss sharing ratios.

Identify the reasons for partnership termination and liquidation.

Analyze the impact of liquidation expenses and partner insolvency on final cash distributions to partners.