Answer:
$105,000
Explanation:
In order for option A to produce a larger income, you would need sell at least $ 105,000 of jewelry?
At $105,000 option A becomes preferred because
12% x 105,000 = $12,600 in addition to base salary = $26,600
BUT
5% x 105,000 = $5250, in addition to base salary of 21,000 = $26,250
Answer:
Assuming that Hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is <u>2</u> jars of honey and <u>4</u> gallons of milk.
Explanation:
This question is missing a table that should be as follows:
quantity total util. marginal quantity total util. marginal
of milk from milk utility per $ of honey from honey utility per $
1 32 16 1 44 11
2 60 14 <u> 2 84 10</u>
3 84 12 3 120 9
<u>4 104 10</u> 4 152 8
5 120 8 5 180 7
6 132 6 6 204 6
7 140 4 7 224 5
8 144 2 8 240 4
We should purchase quantities that yield the same marginal utility per dollar spent, options are:
- <u>4 gallons of milk and 2 jars of honey ⇒ total cost = $8 + $8 = $16</u>
- 5 gallons of milk and 4 jars of honey ⇒ total cost = $10 + $16 = $26
- 6 gallons of milk and 6 jars of honey ⇒ total cost = $12 + $24 = $36
- 7 gallons of milk and 8 jars of honey ⇒ total cost = $14 + $32 = $46
Answer:
Answer: The basis for the government's challenge to P&G's acquisition of Clorox
Explanation:
The horizontal merger is the basis for the government's challenge to P&G's acquisition of Clorox because the result would have lessened competition substantially in that line of commerce nationwide. P&G being the leading and mainly national advertiser and also mainly national seller of soaps, detergents and cleaners with sales that accounted for 54 % of the market and a leading brand with 48% of national sales.
With this type of advertising and power control which P&G possess, this would put P&G in a position to control the market and potentially detrimentally affect the consumers. These advantages they posses would reduce the number of competitors and lead to greater concentration in the industry they are.
