What is the importance of a city having a diverse local economy with respect to the performance of its housing market? (Select all that apply.)

O A city with a diverse local economy is likely to suffer a significant economic downturn if its housing market suffers.

O A city with a diverse local economy is well equipped to resist an economic downturn if its housing market suffers.

O A city with a local economy that depends strongly on its housing market is likely to do what it can to sustain that market.

O A city with a local economy that depends strongly on its housing market is likely to suffer economically if that market contracts

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year