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Vitek1552 [10]
3 years ago
9

Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 88 cds and 33 dvds. if a consumer is able to rank different com

binations of goods and services in terms of how much utility they​ provide, then
Business
1 answer:
Fofino [41]3 years ago
5 0
<span>If a consumer was asked to rank different combinations of goods and services terms of how much utility they provide, then a bundle with a total of 112 cds and dvds would rank higher than a bundle with a total of 10 cds and dvds, if based on total of goods only. This does not take into account the contents of the media.</span>
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The local symphony recently raised its price for tickets to their summer concerts in the park. At the end of the summer season,
denpristay [2]

Answer:

Elastic which is more than 1.

Explanation:

Price elasticity of demand is the responsive relationship of quantity demanded when compared to price. It measures how much change there would be in demand if Price were to change.

The raise in prices yielded a fall in revenue because the demand for tickets was elastic. (More than 1)

An elastic demand means that a small change in price will cause a more than proportionate change in qty demanded and hence with an increase in price, far less people purchased the ticket.

An inelastic demand however would have caused less people to give up tickets and raised overall revenues.

Hope that helps.

7 0
3 years ago
The Karl DeLong Estate (with a taxable value of more than $16,500,000) includes the following assets:
ss7ja [257]

The best valuation technique to reduce the value of Karl's gross estate is C) Special use valuation on the CDs.

<h3>What is special use valuation?</h3>

Special use valuation is a valuation method that determines property value on the basis of its “current use” rather than its “highest and best use.”

Special use valuation is permitted by the Internal Revenue Code (IRC) Section 2032A.

However, the special use valuation method is for real estate and not CDs.

Thus, the best valuation technique to reduce the value of Karl's gross estate is C) Special use valuation on the CDs.

Learn more about the special use valuation method at brainly.com/question/3925584

4 0
2 years ago
Ed is taking off from work for five hours this afternoon and going to a baseball game. The ticket to the game costs $20 and it c
NeX [460]

Answer:

opportunity cost =  $85

Explanation:

given data

game ticket costs =  $20

parking cost = $15

Ed earns = $10 an hour

time = 5 hour

solution

first we get here opportunity cost for 5 hour on game that is

so Ed earns for 5 hour is = $10 × 5 = $50

so here opportunity cost will be

opportunity cost = Ed earns + parking cost + game ticket costs   ............1

put here value and we get  

opportunity cost = $50 + $15 + $20

opportunity cost =  $85

3 0
3 years ago
Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces and
Dmitry [639]

Answer:

C) $57,000

Explanation:

The gross domestic product is the total production of final and legal goods and services in an economy.

total production of final goods = (20 couches x $2,600 per couch) + (5 leather sets x $1,000 per set) = $52,000 + $5,000 = $57,000

the leather sets are considered final products since they are part of the ending inventory of Cowhide, Inc.  

5 0
3 years ago
On October 1, 2018, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest-bearing note payable in fiv
Darya [45]

Answer:

$1,551,222.84

Explanation:

We should assume the interest are implicity charged in the note payments.

In order to record the equipment at their fair value at the momnet of purchase, we will discount the note using 11% discount rate

The note will be an annuity for $500,000 during 4 year at rate 11%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 500000

time     4

rate             0.11

500000 \times \frac{1-(1+0.11)^{-4} }{0.11} = PV\\

PV

This is the value of the equipment at present value, without the interest charged on the note.

Under this value it should be recorded.

6 0
4 years ago
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