1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anettt [7]
3 years ago
15

Suppose that MUX = Y and MUY = X. The prices of good X and good Y are $5 and $4, respectively. How many units of good X does the

consumer buy if she has $410 of income?
Business
1 answer:
bagirrra123 [75]3 years ago
6 0

Answer:

She consumes 41 units of good X.

Explanation:

Utility Maximization:

The maximum utility that a consumer derives from the use of a specified amount of a good or service.

Consumer M aximise the utility when following condition is satisfied.

MUx / MUy = Px / Py

Y / X = 5 / 4

4Y = 5X

According to given sitation the budget constraint is

Px ( X ) + Py ( Y )= M

5X + 4Y = 410

Using 4Y = 5X

thus, 5X + 4Y = 410

5X + 5X = 410

10X = $410

X = 41.

You might be interested in
what are checkable deposits? multiple choice question. claims that depositors have against the assets of the bank claims that th
aliina [53]

Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.

<h3>What are Checkable Deposits?</h3>

Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.

They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)

Learn more about Checkable Deposits, here:

brainly.com/question/13083761

#SPJ1

7 0
1 year ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
Which of the following is true of good salespeople?
iogann1982 [59]

Answer:

Correct answer is A, They know how to oversell their product so the customer can't say no. Explanation: Good salespeople are those who sell more and more of their company's product.

3 0
3 years ago
Why do lenders request to look at your credit report before you can borrow money?
densk [106]

Answer:

The correct answer is letter "D": They want to see how responsible you are in making payments on existing debt.

Explanation:

Credit reports are documents displaying the credit history of individuals. They allow lenders to know what the credit behavior of an individual is, thus, have an idea if that person could repay the amount of a loan or is likely to fall into debt. The three major credit bureaus in the U.S. are <em>Equifax, Experian, </em>and <em>TransUnion</em>.

6 0
3 years ago
Read 2 more answers
Hungry lunch has net income of $73,402, a price-earnings ratio of 13.7, and earnings per share of $.43. How many shares of stock
kati45 [8]

Answer: The number of shares outstanding is approximately 170702.32 shares.

We have :

EPS                       $0.43

Net Income       $73,402

The formula for computing EPS is

EPS = \frac{Net Income}{Number of shares outstanding}

Substituting the values from the question in the formula above we get,

Number of shares outstanding = \frac{73402}{0.43}

Number of shares outstanding = 170702.3256

7 0
3 years ago
Read 2 more answers
Other questions:
  • Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o
    14·1 answer
  • A magma that contains 42 percent silica is referred to as
    7·1 answer
  • If the donor dies in the year in which a gift is made, the gift tax return
    9·1 answer
  • business ethics chapter 4 critics have argued that, from an ethical perspective, altruistic corporate social responsibility (CSR
    9·1 answer
  • A firm’s current profits are $ 400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent.
    5·1 answer
  • A service is usually offered as part of a bundled package of services with a core service and one or more ____ services.suppleme
    11·1 answer
  • A company estimates that the appropriate discount rate (i.e., the cost of capital) for Project A, Project B, Project C and Proje
    12·1 answer
  • Which of these is funded by FICA?
    6·2 answers
  • Zach company previously recorded receiving $1,000 cash in advance. Zach company has earned ½ of the amount. the adjusting entry
    7·1 answer
  • Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:_
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!