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Rus_ich [418]
2 years ago
9

Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buy

ing these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively.
Business
1 answer:
bekas [8.4K]2 years ago
5 0

Answer:

Mrs. Simpson should buy less bread and more milk.

Explanation:

Besides the nutritional differences between bread and milk, Mrs. Simpson is not buying the utility-maximizing combination of bread and milk.

When she purchases bread, she is paying $1 for 80 utils, that means that the marginal cost of every util is 1.25¢.

When she purchases milk, she is paying $0.80 for 70 utils, that means that the marginal cost of every util is 1.14¢.

So the marginal cost per additional util is lower for milk.

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When Steve is talking about his communications with employees, he says, "I constantly check in." The information Steve gets from
MArishka [77]

Answer:

Upward communication

Explanation:

Based on this information it can be said that this is an example of Upward communication. This is a form of communication that encourages employees to communicate directly with their upper management in order to create a sense of importance in employees as they begin to realize that the upper management cares about their thoughts and input. Which is what Steve is cultivating by having regular check-ins

8 0
3 years ago
EA1.
Akimi4 [234]

Answer:

Explanation:

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3 years ago
Which of the following is the main incentive for a manufacturer to sell a product?
8_murik_8 [283]
D. making profits on sales
7 0
3 years ago
Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
spin [16.1K]

Answer:

Dr Machinery $4500

Cr Cash                      $4500

Explanation:

The reason is that the Internation Accounting Standard IAS 16 Property, Plant & Equipment says that the company must capitalized all those costs that are necessary to make the asset ready to use which means that the cost of training which is $500 and purchasing cost which is $4000 must be capitalized as part of the asset.

So the entry would be:

Dr Machinery $4500

Cr Cash                      $4500

4 0
3 years ago
When should you write a functional (skills) résumé? a. when you work history does not have obvious gaps. b. when you are making
Paul [167]

One should write a functional (skills) resume when you are making a career change.

<h3>What is a resume?</h3>

A resume is a document that outline information about a job applicant including his or professional experience.

The document also contains applicant work skills and background details.

Hence, one should write a functional (skills) resume when you are making a career change.

Learn more about resume here : brainly.com/question/14178136

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