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.
There are several consequences that you may face if you miss a monthly credit card payment, and here are some of them:
<span>1. You can be charged late payment fees.
2. You may face having the interest rate on your card raised to the penalty rate.
<span>3. Your late payment may be added to your credit history and can end up affecting your credit score.</span></span>
Answer:
Proximate cause (or legal cause) refers to an event that is related to an injury that a court may believe is the cause of the injury. It is seen as the primary factor that caused the injury. In order for proximate cause to be valid, it should have produced foreseeable legal consequences, and its negligence was the primary reason of the damages.
Answer:
$462,094
Explanation:
Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.
Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625
Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094