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Sliva [168]
1 year 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]1 year 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

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Answer:

A. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

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2 years ago
You want to invest in a project in LaLaLand. The project has an initial cost of LLL 757,000 and is expected to produce cash infl
Lelu [443]

Answer:

194,112.8

Explanation:

The computation of  Net Present Value is shown below:-

Net Present Value = Present value of cash inflows - Present value of Cash outflows

= -757,000 + 396,000 × PVAF (12%, 3 years)

= -757,000 + 396,000 × 2.4018

= -757,000 + 951,112.8

= LLC 194,112.8

= 194,112.8

Therefore for computing the net present value we simply applied the above formula.

8 0
3 years ago
A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. ver
bekas [8.4K]

Answer:

The answer is: A) a market in which buying and selling take place at prices that violate government price regulations.

Explanation:

Black markets happen when entities (individuals or businesses) engage in trading of goods and services that are prohibited by the governments. Or when the entities engage in trading activities and do not want to pay taxes from those transactions.

6 0
3 years ago
1.Explain mountain tourism?<br>2.Explain inland tourism?​
gulaghasi [49]
1. Mountain Tourism is a type of "tourism activity which takes place in a defined and limited geographical space such as hills or mountains with distinctive characteristics and attributes that are inherent to a specific landscape, topography, climate, biodiversity (flora and fauna) and local community.


2.
Inland trips means trips to the part of the country away from the coast, without specifying who is taking those trips. Such trips may let the world know about your country, or they may not.

Foreign trips. on the other hand, is fatally ambiguous. It can mean, and has been taken by others here to mean, trips by foreigners to your country, which would be what is asked for. But technically, a foreign trip is just a trip to a foreign country and the trip-takers should be presumed to be your fellow-countrymen; if they travel abroad, that would give them information about the world, not the other way about.

So the choice is between a bad answer and a very bad answer. I would say inland is less bad, but if the examiner thinks one choice is correct, you need to know how he thinks, not how the English language works.


I hope some of that may help I found it off the web.. sorry if it dosent
7 0
3 years ago
The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
adelina 88 [10]

Answer: 94 DAYS

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formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0
3 years ago
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