Answer:
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
Explanation:
Let A represent the number of apples bought and B represent the number of bananas bought. Therefore since Olivia has $4 to spend:
0.2A + 0.25B = 4 (1)
Also, the tangency condition can be used to find the optimal amount of A to relative to B. It is give as:
Put B = 0.8A in equation 1:
0.2A + 0.25(0.8A) = 4
0.2A + 0.2A = 4
0.4A = 4
A = 10
B = 0.8(A) = 0.8(10) = 8
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
According to economic theory, using money and credit controls to change the macroeconomy is "<u>Monetary Policy</u>."
<h3>What is Monetary Policy?</h3>
Monetary Policy is the policy or method by which government controls the amount of money in circulation in an economy.
Monetary policy can increase or reduce rue money in an economy.
<h3>The three primary tools of Monetary Policy are:</h3>
- Reserve requirements
- Discount rate
- Open market operations
Hence, in this case, it is concluded that the correct answer is Monetary Policy.
Learn more about Monetary Policy here: brainly.com/question/13926715
You can’t see any options so no one will know what to answer.
The answer to this question is A. Lower
Older investors tend to already establish a family and had to risk the future of their wives and children when they decided to pursue an investment
Answer:
$16,500
Explanation:
Larsen Corporation
$66,000×0.25=$16,500
Larsen should $16,500 report for its deferred tax liability on its balance sheet at December 31, 2020 due to the fact that $66,000 will NOT be included in the tax return until 2021 in which the enacted tax rate is 25% for 2021
