Researchers have investigated the preferences over dinner and they have found that they take the following form:
U = - 36 Chicken + 14 Steak + 4 Fish - 191 Costs
Costs= cost in dollars of the dinner
Chicken= amount of chicken in pounds
Steak= amount of steak in pounds
Fish= amount of fish in pounds
Given this information, what is MRS(fish,steak)?

Answers

Answer 1

The marginal rate of substitution between fish and steak is 2/7. This means that the consumer is willing to give up 2 units of steak for every 7 units of fish to maintain the same level of utility.

To determine the marginal rate of substitution (MRS) between fish and steak in this utility function, we need to find the ratio of the coefficients of fish and steak. From the given utility function: U = - 36 Chicken + 14 Steak + 4 Fish - 191 Costs. The coefficient of fish is 4 and the coefficient of steak is 14. MRS(fish, steak) = Coefficient of fish / Coefficient of steak

MRS(fish, steak) = 4 / 14

MRS(fish, steak) = 2 / 7

Therefore, the marginal rate of substitution between fish and steak is 2/7. This means that the consumer is willing to give up 2 units of steak for every 7 units of fish to maintain the same level of utility.

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Related Questions

A product in the __________ stage of the product life cycle has a high number of competitors and competitive products.

Answers

Answer:

Maturity stage

Explanation:

Your examination of the records of a company that follows the cash basis of accounting tells you that the company’s reported cash-basis earnings in 2017 are $33,900. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances.2017 2016Accounts receivable $3,300 $2,200Supplies on hand 1,360 1,530Unpaid wages owed 2,500 2,450Other unpaid expenses 1,720 1,070Determine the company’s net earnings on an accrual basis for 2017.Net earnings on an accrual basis for 2017 $

Answers

Net earnings as per accrual basis are $37,360. The calculations are shown in the below section.

The income retained by the company after meeting its operating cost, interest, taxes, and dividends is known as net earnings. It is the measure of the profitability of a company in a particular accounting period.

Calculation of net earnings:

Particulars Amount($)

Net earnings as per cash basis 36,810

Increase in accounts receivables (3,220-2,160) 1,060

Decrease in supplies (1,700-1,3200 (380)

Decrease in unpaid wages (2,330-2,320) (10)

Decrease in unpaid expenses (1,440-1,320) (120)

Net earnings as per accrual basis 37,360

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The company’s net earnings on an accrual basis for 2017 would be $32,980, which is calculated by adding the accounts receivable balance to the reported cash-basis earnings and subtracting the total expenses incurred but not yet paid.

To determine the company’s net earnings on an accrual basis for 2017, we need to consider the adjustments that would be required if the company had followed accrual-basis accounting practices. Accrual accounting recognizes revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid.
Looking at the provided information, the company had accounts receivable of $3,300 at the end of 2017, indicating that there was revenue earned but not yet received. We also see that the company had unpaid wages owed and other unpaid expenses totaling $4,220, indicating that there were expenses incurred but not yet paid.
To calculate the company’s net earnings on an accrual basis for 2017, we would add the accounts receivable balance of $3,300 to the reported cash-basis earnings of $33,900, giving us a total revenue of $37,200. We would then subtract the total expenses incurred but not yet paid, which is $4,220, giving us a net earnings on an accrual basis for 2017 of $32,980.
In summary, the company’s net earnings on an accrual basis for 2017 would be $32,980, which is calculated by adding the accounts receivable balance to the reported cash-basis earnings and subtracting the total expenses incurred but not yet paid.

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In risk management what does risk evaluation involve?
A) risk management planning
B) risk resolution
C) risk prioritizing
D) risk monitoring

In risk management what does risk evaluation involve?A) risk management planningB) risk resolutionC)

Answers

C) risk prioritizing

Answer:

C

Explanation:

PLATOOOOOOOOOOOOOOOOOOOOO

write the
5 imp of professsion​

Answers

1. Willingness to learn
2. Positive attitude
3. Conflict resolution
4. Helpfulness
5. Integrity

there’s more!!

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more

Answers

Answer:

Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

Explanation:

37. The top of the plate where food is placed is called?
A) Food-danger zone.
B) Food-contact surface.
C)Food-temperature risk.
D) Food-stacking area.

Answers

Answer:

B. Food-contact surface

Explanation:

no idea

The plate's surface where the food is laid down is known as the 'Food-contact surface.'

Firstly, we will understand about 'Food Contact Surface.'

Any surface that directly comes in touch or contact with food items. It may include knives, cutting boards, plates, vessels, etc. Therefore, such surfaces are required to maintain top-class hygiene to prevent any kind of contamination.

'Food-danger zone' is characterized as the area or region which may lead to infect or poison the food and the food must be protected to be placed from there.

'Food-temperature risk' is the probable threat to a particular food due to reaching or not maintaining a specific temperature resulting to spoil it.

'Food-stacking area' where plenty of food is stored in air-tight boxes or in refrigerators.

Thus, this makes option b i.e. 'food-contact surface' as the correct answer.

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37. The top of the plate where food is placed is called?A) Food-danger zone.B) Food-contact surface.C)Food-temperature

How the business can use creative thinking to solve business problems ​

Answers

Explanation:

Creative thinking helps you to see opportunities in the marketplace or come up with a unique solution to a problem—and isn’t this the cornerstone of any business?

Creativity is key to innovation. When issues come up, you’ll be able to think of ways over, under, or through the roadblocks.

Creativity stimulates the brain and helps us to wake up and pay attention. Noticing more of what’s around us aids in developing novel approaches to help your business stand out.

Creative thinking helps you keep your business presence fresh. You’ll be able to constantly reinvent your business in order to stay in your customers’ awareness.

Creativity helps you shift your perception so you can better understand your customers’ point of view.

Creativity gives you a higher tolerance for risk—you’re used to working through fear of failure.

Creativity improves your leadership skills. Being an effective leader means being creative in your approach and problem-solving. When you have the capacity to let go of the outcome and be open to out-of-the-box thinking, you free your business team up for generating new ideas.

Creativity helps you to broaden your vision of what it means to be successful in your  business—what it can offer to the world.

Creativity strengthens your resilience. When those inevitable stressful periods come up, you’re able to bounce back faster instead of getting derailed.

Creativity invites flow and feels good, and when you feel good, you attract your ideal customers and clients.

Can you creatively think of even more ways that creativity can help your business?

outline 2 reasons for completing assigned tasks daily​

Answers

In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.

skills are the most important for accountants when presenting their
work to clients.
O A. Communication
O B. Multitasking
OC. Social media
OD. Math

Answers

Communication is the answer

Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

A store sells 2500 packages of a dozen paper towel rolls per year. It

costs $10 per year to store one such package. There is a fixed $20

cost every time the store reorders and there is $9 cost per package.

How many times per year should the store reorder and what is the lot

size in order to minimize inventory costs?

Answers

Answer:

The business should order the inventory 25 times per year in a lot of 100 to minimize the inventory costs.

Explanation:

To calculate the lot size that minimizes the inventory cost, we will calculate the economic order quantity (EOQ) which is the order quantity that a business should order in each order to minimize the inventory related costs. The EOQ can be calculated using the attached formula,

EOQ = √[(2 * 2500 * 20) / 10]

EOQ = 100 packages

The lot size for each order should be 100 to minimize the inventory costs.

We can calculate the number of reorders per year by dividing the total annual demand by the EOQ.

Number of orders = 2500 / 100

Number of orders = 25 times

A store sells 2500 packages of a dozen paper towel rolls per year. Itcosts $10 per year to store one

the proposition that private parties with clearly defined property rights and low transaction costs can resolve externalities problems on their own is called the:

Answers

The Coase theorem asserts that private parties with well defined property rights and low transaction costs may handle externalities concerns on their own. Nobel laureate Ronald Coase proposed.

this theorem in his 1960 work , "The Problem of Social Cost." According to the Coase theorem, when property rights are well-defined and transaction costs are minimal, private parties may bargain and attain efficient solutions without the intervention of the government. In other words, if the costs of negotiating and enforcing agreements are minimal, private parties may bargain and discover mutually beneficial solutions to externalities such as pollution without the need for government intervention. Yet, the Coase theorem does not automatically imply that private solutions will always be found.

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what is entrepreneur ​

Answers

Answer: An entrepreneur is a person who creates a new business venture with all the possible risks. He is the person who brings an idea to the table for a new business. Then he acquires resources, labor, and capital to set up the business, produce goods and services

Explanation: Hope this was helpful

Why are online sellers a stakeholder in Amazon?

Answers

These stakeholders are significant because they influence consumer perception on the company's goods and services it basically provides a better business

how does a company's financing strategy impact its operations and performance

Answers

A company's financing strategy plays a crucial role in determining its operations and performance. The financing strategy of a company refers to the way it raises capital to finance its business activities and investments. A company's financing strategy may include issuing equity, taking on debt, or a combination of both.

The impact of a company's financing strategy on its operations and performance can be significant. If a company relies heavily on debt financing, it may face a higher cost of capital, which could limit its ability to invest in new projects or expand its operations. On the other hand, if a company has a solid equity base, it may be able to access capital at lower costs, which could enable it to pursue growth opportunities.

Moreover, the financing strategy can also affect a company's risk profile. Companies with a high level of debt may be more vulnerable to economic downturns and market fluctuations, whereas companies with a strong equity base may be better equipped to weather such challenges.

In addition, a company's financing strategy can impact its performance metrics. For example, companies with high levels of debt may have a higher debt-to-equity ratio, which could negatively impact their credit rating and make it more difficult for them to borrow in the future. This could, in turn, lead to higher interest costs and lower profitability.

In conclusion, a company's financing strategy is a critical component of its overall business strategy. It can impact the company's operations, risk profile, and performance, and therefore requires careful consideration and planning.

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How much of your "gross" income should you spend on your rent and housing
expenses?
OA. One third
OB. One fifth
OC. One half.
OD. Two thirds.

Answers

As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities, and if you're an owner, it includes other home-ownership costs like mortgage interest, property taxes and maintenance.

By establishing property rights, governments provide _______ for people to create new goods and services.

1.thefts
2.incentives
3.Intangible assets

Answers

Answer:

2.incentives

Explanation:

There are many local, state, and federal government incentives available at the moment which are directed towards the home buyer, especially first home buyers of new homes. 

hopefully, that helps!

If nominal wages increase, then

SRAS will shift right increasing output.
SRAS will shift left increasing output.
SRAS will shift right decreasing output.
SRAS will shift left decreasing output.
AD will shift left since workers have more income.

Answers

The correct answer is: SRAS will shift right increasing output. AD will shift left since workers have more income.

What is SRAS?

Generally, SRAS stands for the Stabilization and Association Process. It is an initiative of the European Union that offers a framework for the economic integration of the countries of the Western Balkans into the EU. The process helps prepare these countries for EU membership by providing them with access to the EU’s internal market and by promoting cooperation between the countries and the EU.

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The goal of federal reserve monetary policy is to affect the level of competition in the u.s.

a. True
b. False

Answers

The Fed normally implements monetary policy by setting a target for the federal funds rate. It achieves its goals through open market operations, financial transactions traditionally involving US Treasury bonds.

What is the main objective of monetary policy in the US economic?

What is the goal of US monetary policy? Monetary policy has two basic objectives: Promote 'maximum' sustainable production and employment and promote 'stable' prices. These goals are mandated by amendments to the Federal Reserve Act of 1977.

How does monetary policy affect economy?

Monetary policy primarily affects the economy, promoting or constraining it in the form of new capital. Monetary policy is implemented by the Fed and involves changes in the money supply interest rate. An expansionary policy involves increasing the money supply while lowering interest rates.

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Explain what it means to diversify across investments ?

Answers

Answer:

true

Explanation:

diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event

true or false: a change in one of the determinants of supply results in a movement along the supply curve.

Answers

A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.

The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.

For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.

The two different supply curve types are individual and market.

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Nature of Accounts, Debit and Credit Rules: In columns, enter Debit or Credit to describe the journal entry necessary to increase and decrease the amount shown on the left, and which side of the account represents its normal balance.
Increase Decrease Normal Balance
Asset Liability Common Stock Dividends Revenue Expense

Answers

Accounts have specific rules for increasing and decreasing their amounts. Assets increase with debits and decrease with credits. Liabilities and common stock increase with credits and decrease with debits. Dividends and expenses increase with debits and decrease with credits. Revenue increases with credits.

Increase Decrease Normal Balance

Asset Debit Credit Debit

Liability Credit Debit Credit

Common Stock Credit Debit Credit

Dividends Debit Credit Debit

Revenue Credit Debit Credit

Expense Debit Credit Debit

For each account

Assets increase with a debit entry and decrease with a credit entry. Their normal balance is a debit.

Liabilities increase with a credit entry and decrease with a debit entry. Their normal balance is a credit.

Common Stock increases with a credit entry and decreases with a debit entry. Its normal balance is a credit.

Dividends increase with a debit entry and decrease with a credit entry. Their normal balance is a debit.

Revenue increases with a credit entry and decreases with a debit entry. Its normal balance is a credit.

Expenses increase with a debit entry and decrease with a credit entry. Their normal balance is a debit.

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What "Super Union" had taken on railroad companies and factories to improve the conditions for workers?

( 1 )
Knights of Labor

( 2 )
International Workers of the World (IWW)

( 3 )
American Federation of Labor (AFL)

( 4 )
American Railway Union (ARU)

Answers

Explanation:

4th one is the answer

American Railway Union (ARU)

why was the electronics brand matsui the subject of a lawsuit by a uk consumer protection agency?

Answers

Matsui was the subject of a lawsuit by the UK consumer protection agency in 2014 due to the company's failure to honour several consumer rights, including the right for consumers to obtain a refund or replacement if a product is faulty.

The lawsuit stated that Matsui had failed to provide customers with timely and adequate information regarding their rights and remedies, and had failed to respond to customer complaints in a timely manner. Matsui also failed to provide customers with a clear explanation as to why they were unable to obtain a refund or replacement, which further breached consumer protection regulations.

The lawsuit was a result of a lengthy investigation by the consumer protection agency and was meant to hold the company accountable for their actions.

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When opening an account What are the 3 things you need to do?

Answers

You must decide on a bank and give it the required documentation, such as identification and proof of address, in order to opening an account.

Usually, in order to be eligible, you must be 18 years old. Finally, in order to avoid costs, you might need to fund the account or maintain a minimum level. You will require a government-issued ID, your ID number, and your physical and mailing addresses in order to open an account.

You should read the disclosures before choosing an account so that you are aware of any account fees or minimum balance requirements. Depending on the characteristics you need, such as high interest rates, low minimum balance requirements, no ATM fees, or something else, you can choose the bank or account you desire. You must provide the bank or credit union with paperwork when you open a new bank account so they can confirm your identity.

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The Court of International Trade is a "special" court.

True
False

Answers

Answer:

true

Explanation:

because it's always economy wise and smart

DIscuss indicating each of the following in details advantages
and disadvantages of Commitee Organisation in educational
Management (250+ words)

Answers

Committee Organization in Educational Management: Advantages and Disadvantages

Introduction:

Committee organization is a commonly used approach in educational management, where decision-making and operational responsibilities are distributed among a group of individuals. This approach aims to leverage collective expertise, diverse perspectives, and shared decision-making. In this discussion, we will explore the advantages and disadvantages of committee organization in educational management.

Advantages of Committee Organization in Educational Management:

1. Diverse Perspectives and Expertise: Committees bring together individuals with different backgrounds, experiences, and expertise. This diversity allows for a more comprehensive and well-rounded decision-making process. Multiple perspectives contribute to better problem-solving, creativity, and innovative solutions.

2. Shared Responsibility and Decision-Making: Committee organization promotes shared responsibility, ensuring that decisions are not reliant on a single individual. By involving multiple stakeholders, the decision-making process becomes more democratic and inclusive. This fosters a sense of ownership and commitment among committee members.

3. Increased Participation and Engagement: Committees provide opportunities for individuals to actively participate in educational management. Involving various stakeholders, such as teachers, parents, students, and administrators, fosters a sense of collaboration and engagement. This can lead to improved morale, motivation, and a greater sense of empowerment.

4. Efficient Resource Utilization: Committee organization allows for the efficient utilization of resources. By pooling together diverse talents and skills, educational institutions can tap into a wider range of resources, including financial, human, and material. This can lead to better allocation and optimization of resources for improved outcomes.

Disadvantages of Committee Organization in Educational Management:

1. Time-consuming Decision-Making Process: Committees often require time to deliberate, discuss, and reach consensus on decisions. This can result in a slower decision-making process compared to a single decision-maker. Delays in decision-making may hinder responsiveness to emergent issues or limit the ability to seize timely opportunities.

2. Potential for Conflict and Power Struggles: Committee organization may lead to conflicts arising from differences in opinions, priorities, or vested interests among committee members. Power struggles, disagreements, and lack of consensus can hinder effective decision-making and create a challenging work dynamic within the committee.

3. Diffusion of Accountability: With shared responsibility, it can be challenging to determine individual accountability within a committee. When accountability is diffused, decision-making responsibility may become less clear, leading to a lack of ownership and potential for decreased accountability for outcomes.

4. Potential for Groupthink: Committees run the risk of groupthink, where the desire for consensus and harmony overrides critical thinking and independent viewpoints. This can limit the exploration of alternative perspectives and innovative ideas, resulting in suboptimal decisions.

Conclusion:

Committee organization in educational management offers several advantages, including diverse perspectives, shared responsibility, increased participation, and efficient resource utilization. However, it also presents challenges such as time-consuming decision-making, potential for conflict, diffusion of accountability, and the risk of groupthink. To maximize the benefits and mitigate the disadvantages, it is essential to establish clear roles and responsibilities, promote open communication and constructive debate, and ensure a balance between individual autonomy and collective decision-making.

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a record used to keep the amount owed to each supplier is called a(n)

Answers

A record used to keep the amount owed to each supplier is called a(n) accounts payable ledger.

The accounts payable ledger is an important accounting tool that helps businesses keep track of their outstanding debts to suppliers.

It records the amounts owed to each supplier, the due dates for each payment, and any other relevant information.

In accounting, a ledger is a book with many accounts in which records of transactions relating to a particular account are kept.

It is often referred to as the major book of accounts or the book of final entry.

Keeping an accurate accounts payable ledger is crucial for maintaining good relationships with suppliers and ensuring that all debts are paid on time.

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You can insert only one footnote and one endnote per page

Question 2 options:

True


False

Answers

It is a true statement that you can insert only one footnote and one endnote per page.

What do we call a footnote / endnote?

On a typical page, this refers to the note printed at the bottom of a page that gives an extra information about something that has been written on that page. It is usually singular and tells about an event, subject or detail that is not important.

We can insert a footnote per page by clicking on the Options button at the top of the header, go to Footer Format and make sure that the footer applies to only this section. Now the footer will be only on that one page.

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wich situation would cause the price of a product to fall the most

Answers

The quality of that product I think
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When comparing slopes which is steeper? Question 20 of 28 What reagents are required to convert the alkene 1-propene to alkane propane? A) HO, HSO4 B) HBr C) Br D) H Submit pls help questions 5-7 what is the slope of a line that is parallel to the line connecting point O (-5,1) and point P (2,3)? The real interest rate r is given by r = i - m where i nominal interest rate and r the rate of inflation.Suppose the economy-wide demand for money is given by My = P(0.6Y - 40000i) where P is theprice level, Y is real GDP and i nominal interest rate.If inflation is r = 6% = 0.06 and what level does the nominal interest rate need to be inorder for the real interest rate to be r = 1.25% = 0.0125?What value should the Reserve Bank set the nominal money supply Ms if the price level is P =5, real GDP is Y = 60,000 and it wants the real interest rate to be be r = 1.25% = 0.0125? Select the correct answer. Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25? A. 9 B. 12 C. 16 D. 19 E. 28 Reset Next Which of the following statements best describes the principle of standard precautions? Select the best option. You should assume that everyone has the potential to carry an infectious disease. It is okay to assume that some patients are not infectious if you have access to their test results and the data is less than a year old. Standard Precautions tell you exactly which PPE to use for every situation. Standard Precautions are only used for high-risk patients. An accounting record that includes a list of accounts and their balances at a given time is called a:A. chart of accountsB. general journalC. general ledgerD. trial balance St. Patrick's Day Problem SolvingWhat are the lucky numbers in order from least to greatest? *Hint: 3 two-digit numbers with a comma between each number-- no spaces Help me i dont know what to put here pls thank you! A structure containing a central atom surrounded by three electron groups will have a _____ planar arrangement in which the ideal bond angle is _____ . According to Classical economists in the 1930s, a recession will end when: A. government creates enough jobs for all of the unemployed. B. wages rise enough to eliminate unemployment. C. wages fall enough to eliminate unemployment. D. taxes are cut enough to stimulate private spending What is king lears hamartia ands how is it established in Act 1 Scene 1 Peggy Sue decided to enter her famous Five-Alarm Chili at her local chili-cooking contest. Normally, she needs five tomatoes to make enough chili for her family of ten.a.) How many tomatoes should she expect to use to make her famous recipe for 100 people? b.)When she gets to the contest, she realizes that she only packed 55 tomatoes. How many people can she expect to feed? What is the range of y=x26x+1? tankedA.)B.)C.)d Question 3 of 10What is the average for the following set of measurements?27C, 12C, 31C, 19C 23C, 11C, 17CA. 28CB. 140CC. 20cD. 7C Question 10 of 25Atoms have the same number of electrons as what other particle?A. ProtonsB. Atomic massC. NeutronsD. PhotonsSUBMIT When did the Mongol invasion of China begin? *O1111 BC1211 BCO1111 ADO1211 AD In Worcester v. Georgia the Supreme Court declared that the Cherokee Nation wasa.ruled by a government system inspired by the U.S. Constitution.b.a distinct community in its own territory in which the laws of Georgia could have no force.c.a foreign nation and did not have to abide by U.S. laws.d.a domestic dependent nation that must obey state laws.Please select the best answer from the choices providedABCDI WILL MAEK BRAINLIST PLEASE!!