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mrs_skeptik [129]
3 years ago
9

Bobby consumes only chocolate and vanilla ice cream and he is spending all of his income. For the last scoop of chocolate and va

nilla ice cream that he bought, his marginal utility of chocolate is 100 and his marginal utility of vanilla is 250, and the price of chocolate is $1.00 per scoop and the price of vanilla is $2.00 per scoop. Bobby would maximize his utility by
_____________________________________ ice cream. Assume that Bobby could buy any fraction of a scoop of (e.g., he could buy ½ scoop) of ice cream (continuous in quantity).

A. only purchasing vanilla ice cream, but no chocolate
B. purchasing more chocolate and less vanilla
C. purchasing more vanilla and less chocolate
D. not changing his purchases of chocolate and vanilla
E. only purchasing chocolate ice cream, but no vanilla
Business
1 answer:
tangare [24]3 years ago
6 0

Answer:

D. not changing his purchases of chocolate and vanilla

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3 years ago
g Given the information below: ASSETS LIABILITIES Cash and cash equivalents $10,000 Current debts for the year $15,000 Other liq
artcher [175]

Answer:

The solvency ratio is closest to: B. 33%.

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<em>The solvency ratio = After tax Net Operating Income ÷ Total Debt</em>

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6 0
3 years ago
Monsanto just came out with a new genetically modified seed that it believes will increase crop yields. The seed has been modifi
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Answer:

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6 0
2 years ago
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3 0
3 years ago
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Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a
Aloiza [94]

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3 years ago
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