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Suppose that Jose and Alice have each decided to allocate $750 per year to an entertainment

Suppose that Jose and Alice have each decided to allocate $750 per year to an entertainment budget in the form of hockey games and rock concerts and will choose to consume positive quantities of both goods. However, they differ substantially in their preferences for these two forms of entertainment. Jose prefers hockey games to rock concerts, while Alice prefers rock concerts to hockey games. a) Draw a set of indifference curves for Jose and a second set for Alice. b) Using the concept of marginal rate of substitution, explain why the two sets of curves are different from each other.
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mouna45
mouna45
4,4(3 marks)

In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.

A cultural imperative should be

Cultural norm.Cultural custom.Cultural behavior.

Where everyone should abide by what belongs to the culture.

It should be confirmed in order to become successful. An example is the building of a relationship.

Since in the french culture wearing a formal dress while having a business meeting should become important so each and everyone should follow it.

So we can conclude that In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.

Learn more about the culture here:

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