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AlekseyPX
3 years ago
8

You invest 1000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May comes

you see you gained 13%. What is the value of your account?
Business
1 answer:
Debora [2.8K]3 years ago
3 0
Hello! So, $1,000 is invested in the account. You lost 13% of that later on. To find out how much is left after that, multiply 1,000 by 87%. This is because although you have lost 13% of it, you still have 87% of it left. 100 - 13 is 87. 1,000 * 87% (0.87) is 870. So your statement is down to $870. However, you gain 13% of the current amount. To find out the amount in the account, add 1 to the rate in decimal form, and then multiply that by the amount in the statement. We add 1 to the rate when we're looking for total amount, because doing that will take you straight to the total amount and makes you less likely to make an error. 13% is 0.13 in decimal form. 1 + 0.13 is 1.13. 870 * 1.13 is 983.1. There. The value of your account is $983.10.
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Ken consumes two goods, Sprite and potato chips. Sprite costs $1 per can, and he consumes it to the point where the marginal uti
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Answer:

The correct option is c. $8.

Explanation:

Ken will maximize utility where the following equation holds:

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MU of Sprite = Marginal utility of Sprite = 3

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From the table in the question, equation (1) holds at the point where Marginal utility of potato chips is 6 since the Potato chips cost $2 per bag.

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Since when the marginal utility of potato chips that maximizes utility is 6, Ken consumes 4 Bags of Potato chips monthly and pays $2 per bag at this point, the amount he spends on potato chips each month can be calculated as follows:

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2 years ago
Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s
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3 years ago
The following data is from the Ace Guitar Company for the A and B regions.
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Answer:

Ace Guitar Company

The service departments' expenses proportional to the sales of each region are as follows:

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B Region = $116,620

Explanation:

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Sales                       $773,500     $416,500  $1,190,000

Cost of goods sold  293,900       158,300      452,200

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Payroll accounting     133,300

Total                        $333,200

A Region = $216,580 ($773,500 / $1,190,000 * $333,200)

B Region = $116,620 ($416,500 / $1,190,000 * $333,200)

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Answer:

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