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
At which inventory level is operations management considered to be doing an excellent job?
Natalka [10]

operations management is considered to be doing a great job when you are able to lead your crew and make sure all of the inventory is in order.
8 0
3 years ago
Freight-in and purchase returns and allowance are not deducted from purchases to determine the net delivered cost of purchases.
AysviL [449]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The statement "<span>Freight-in and purchase returns and allowance are not deducted from purchases to determine the net delivered cost of purchases. " is true </span>
7 0
3 years ago
According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy causes net export
maxonik [38]

Answer: Decrease and Increase

Explanation:

According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy will cause the net exports to decrease. Expansionary fiscal policy shifts the IS curve rightwards, as a result BOP surplus created in the economy. So, exchange rate decreases to shift the BOP back to its initial position. As a result of lower exchange rate, exports falls. Hence, net exports decreases.

Expansionary Monetary policy will cause the net exports to increases. Expansionary Monetary policy shifts the LM curve rightwards, as a result BOP deficit created in the economy. So, exchange rate increases to shift the BOP back to its initial position. As a result of higher exchange rate, exports increases. Hence, net exports increases.

5 0
3 years ago
Cedric has been following a detailed review schedule in preparation for his test. He feels confident that he knows the material,
rewona [7]

Answer: Noting down of ideas

Explanation: Cedric could note down the ideas and points he remembers on the back of his test booklet. He should first read the question and  make short notes of every point he remembers regarding that question.

This strategy will help Cedric to answer the questions while doing the final writing in answer sheet. By doing this he can also improve his speed with accuracy while answering.

5 0
3 years ago
risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have lon
Ilya [14]

Answer:

Price Risk, Reinvestment Risk, Investment Horizon and Longer maturity Bond.

Explanation:

  • Price risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds that will mature in the near future.
  • Reinvestment risk is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio. This risk is obviously high on callable bonds. It is also high on short-term bonds because the shorter the bond's maturity, the fewer the years before the relatively high old-coupon bonds will be replaced with new low-coupon issues.
  • Which type of risk is more relevant to an investor depends on the investor's investment horizon, which is the period of time an investor plans to hold a particular investment.
  • Longer maturity bonds have high price risk but low reinvestment risk, while higher coupon bonds have a higher level of reinvestment risk and a lower level of price risk.
8 0
3 years ago
Other questions:
  • Angola United Theaters, Inc. is considering opening a new movie theater in Angola, Indiana. The relevant cost of capital is 8%.
    10·1 answer
  • Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembl
    7·1 answer
  • rayer Corporation has income from continuing operations of $319,000 for the year ended December 31, 2017. It also has the follow
    6·1 answer
  • Proctor &amp; Gamble is entering a new market and determines that the country has a high illiteracy rate. Given this information
    5·1 answer
  • A T-bill quote sheet has 120-day T-bill quotes with a 5.07 ask and a 5.01 bid. If the bill has a $10,000 face value, an investor
    13·1 answer
  • . Which one of the following applies to a general partnership?A. The firm's operations must be controlled by a single partner.B.
    12·1 answer
  • Firms must consider the possible reaction of rivals to their own decisions and actions in
    6·1 answer
  • The market price of a bond is equal to the present value of the: Group of answer choices annuity payments plus the future value
    7·2 answers
  • I rlly need answers quick guys! This isnt Business tho!
    10·1 answer
  • Respond to the following discussion question(s):
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!