1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sliva [168]
10 months ago
6

Jonas purchases only two goods, starfruit (s) and kiwi (k). he has an income of $60 and can buy starfruit at $2 per pound and ki

wi at $3 per pound. his utility function is:_________-
Business
1 answer:
GrogVix [38]10 months ago
6 0

The Utility Function Shows That S and K can be used interchangeably, according to the utility function, and only one of them is really consumed.

  • Utility in economics refers to the pleasure or happiness that customers derive from using an item or service. Consumer preferences for a variety of products and services are gauged by the utility function.

<u>CALCULATION</u>

Although the benefit or happiness that customers experience is calculated in units called utils

  • MPs / MPk = 3/4 = 0.75 for MRS.
  • Ps / Pk= 2 / 3 = 0.67
  • MRS > Ps/Pk,

Hence only S will be employed.

'Starfruit' = 60 / 2 = '30

Kiwi = 0

To Learn more about Utility Function, Click the links.

brainly.com/question/21326461

brainly.com/question/25077729

#SPJ4

You might be interested in
If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos
const2013 [10]

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

   = 0.2

Therefore, The required reserve ratio is a 0.2

6 0
3 years ago
Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738
Gnesinka [82]

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

total money invested = 500 × $ 62.30 = $ 31150

her profit =  $ 32863 - $ 31150  = $ 1713

interest =  $ 1713 / $ 31150 = 0.054992 × 100 = 5.4992 %

exact interest rate = 5.4992 %  - 3.9% = 1.5992 approx 1.60 percent

6 0
3 years ago
Even though it was extra work for the company to implement, Johan was happy that consumers had asked for a better grade of plast
aliya0001 [1]

It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.

<h3>What are Demand conditions?</h3>

Demand conditions  can be regarded as the size and nature of the customer base for products,  and this usually bring about innovation and product improvement.

This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.

Learn more about Demand conditions at:

brainly.com/question/4804206

7 0
2 years ago
Megan is concerned about the performance of one of her teammates on a project. Which of the following is an example of effective
cupoosta [38]

Answer:

Explanation:

I think it is d

It is the only non degrading answer

8 0
3 years ago
Read 2 more answers
Bill Blackburn is the new mayor of Oceanside, Washington. He discovered that the city-run utility requires a deposit of $50 from
Serjik [45]

Answer:

<em>Theory of justice </em>

Explanation:

A Justice Theory is a 1971 work of John Rawls ' political philosophy and ethics, whereby the writer addresses the problem of distributive justice.

The principle uses a revised sort of Kantian philosophy and a variant form of conventional theory of social contracts.

7 0
3 years ago
Other questions:
  • Lasko's has 250,000 shares of stock outstanding, $400,000 in perpetual annual earnings, and a discount rate of 16 percent. The f
    5·1 answer
  • Which of the following statements about credit scores is TRUE
    11·1 answer
  • Seven-year-old amal understands that when a cookie is broken into three smaller portions, it is still only one cookie, not three
    6·2 answers
  • Motonous Corporation has completed its fiscal year and reported the following information. The company had current assets of $15
    12·1 answer
  • Select the appropriate reporting method for each of the items listed below.
    11·1 answer
  • The distinction between _____ is what defines an MNE from a firm that merely exports or imports.a. small- and large-scale of ent
    14·1 answer
  • A market supply schedule shows the relationship between <br><br><br> please!!!!!!
    9·1 answer
  • Why should you include management and staffing issues in your business plan?
    6·2 answers
  • The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t
    14·1 answer
  • Profitability measures such as return on assets (roa) and return on equity (roe) are ___ rates of return.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!