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Rina8888 [55]
1 year ago
5

Julio receives utility from consuming food​ (F) and clothing​ (C) as given by the utility function . In​ addition, the price of

food is ​$3 per​ unit, the price of clothing is ​$8
per​ unit, and​ Julio's weekly income is​ $50.
Part 2
What is​ Julio's marginal rate of substitution of food for clothing when utility is​ maximized? Explain.
Part 3
​Julio's marginal rate of substitution equals
Business
1 answer:
AleksandrR [38]1 year ago
6 0

​Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

<h3>Marginal rate of substitution</h3>

Using this formula

Marginal rate of substitution=Price of food/Price of clothing

Let plug in the formula

Marginal rate of substitution=$3 per unit/$8 per unit

Marginal rate of substitution=0.375

Marginal rate of substitution=0.38 (Approximately)

Therefore ​Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

Learn more about  marginal rate of substitution here:brainly.com/question/13401044

#SPJ1

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Fiola is undergoing a special training session to understand the theory of relativity. Mark, Fiola's tutor, conducts the trainin
sergeinik [125]

Answer:

language barrier

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question the communication barriers that is most likely interfering with Fiola's understanding of the theory is a language barrier. This barrier refers to linguistic roadblocks within a communication that makes it difficult for one or all of the parties to understand the communication fully.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
6. Consider an economy described by the following equations:
kiruha [24]

Answer:

(a) Private saving = Y-T-C

Private saving = 5000-1000-250-0.75(5000-1000)

Private saving = 750

Public saving = T - G

Public saving = 1000-1000

Public saving = 0

National saving = S = private saving+ public saving

National saving = 750

(B)  Equilibrium interest rate = S + I

750 = 1000 - 50r

-50r = 750 - 1000

-50r = -250

50r = 250

r = 250/50

r = 5%

(c) Private saving is unchanged

Public saving = 1000 - 1250

Public saving = - 250

(d) The new equilibrium interest rate

750 (-250) = 1000-50r

500 = 1000 - 50r

- 50r = 500 - 1000

- 50r = -500

-50r = 500

r = 500/50

r = 10%

7 0
3 years ago
Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest. a. How much money will you have i
alekssr [168]

Answer: $242,567.27

Explanation:

The $5,000 is an annuity as it is being paid every year and is a constant amount.

The value in 19 years is the future value of this annuity:

Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate

= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%

= $242,567.27

8 0
3 years ago
How, specifically, do equal employment laws apply to personnel recruiting activities?
dimulka [17.4K]

Equal Employment laws protect employees from facing discrimination in the hiring process.

Explanation:

Equal Employment Laws are there to protect the right of a candidate to have equal opportunities compared to their peers and not to be discriminated against in terms of caste, creed, race or gender when in the recruiting activities.

This law exists to provide equal opportunities to the candidates to be able to be selected on merit for the jobs and not to be left behind because of their disadvantages in the social strata from employment as long as they are capable for the jobs.

6 0
3 years ago
Mary signed up and paid $600 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accoun
inessss [21]

Answer:

$200 of revenue, $400 of deferred revenue

Explanation:

The journal entry to record the entry on August 1 is shown below:

Unearned revenue A/c Dr $200

         To Revenue $200

(Being the two-month revenue is recorded)

The computation is shown below:

= Six-month revenue × number of months ÷ total number of months

= $600 × 2 months ÷ 6 months  

= $200

The two months is calculated from June 1 to August 1  

The remaining balance would be transferred to the deferred revenue account

= $600 - $200

= $400

4 0
3 years ago
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