Answer:
Should purchase or consume more Alpha than Beta.
Explanation:
Marginal utility per dollar spent can be calculated as,
Alpha = 30/5 = 6/$ spent
Beta = 40/10 = 4/$ spent
Therefore maximizing utility in a given budget constraint would be achieved by buying or consuming more of Alpha.
Answer:
Payment id received for merchanise sold on account
The Securities and Exchange Commission was a New Deal program designed to regulate stock market.
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Explanation:</u></h3>
The place where the trading of the public listed companies takes place refers to the stock market. This is a method that is used by the companies to raise the capital. Those companies that wishes to raise capital would be offering the shares to the public in general as an initial public offering. This is the place of meeting of the stock sellers and buyers.
The buyers of the stock market will try to get stocks at a reduced rate so that they can sell that for profits at later stages. The stocks can be considered as a smaller portion of ownership that a buyer can enjoy in a public company. A new deal program that is being designed for the regulation of the stock market is the Securities and Exchange Commission.
Answer:
The cost of goods available for sale is $345,000
Explanation:
Beginning finished goods inventory $25,000
Cost of Goods manufactured $320,000
Cost of Goods available for sale,
= Beginning finished goods inventory + Cost of Goods manufactured
= $25,000 + $320,000
= $345,000
Answer:
-3.28
Explanation:
Given that,
Initial quantity, Q1 = 2
Final quantity, Q2 = 0
Change in quantity = Q2 - Q1
= 0 - 2
= -2
Initial income, M1 = $8
Final income, M2 = $15
Change in Income = M2 - M1
= $15 - $8
= $7
Average quantity:
= (2 + 0) ÷ 2
= 1
Average income:
= (15 + 8) ÷ 2
= 11.5
Therefore,
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Average quantity) × 100
= (-2 ÷ 1) × 100
= -200%
Percentage change in income:
= (Change in income ÷ Average income) × 100
= (7 ÷ 11.5) × 100
= 60.87%
Income elasticity of demand:
= Percentage change in quantity demanded ÷ Percentage change in income
= -200 ÷ 60.87
= -3.28
