Answer:
The correct answer is:
$4 (D.)
Explanation:
From the question, we are told that:
the price of halvah (MUH)= $12
the price of pomegranates (MUP)= ????
Next, we are also told that the optimal consumption ratio of MUH to MUP = 3
This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3
MUH/MUP = 3
12/MUP = 3
MUP = 
MUP = $4
Answer:
Equilibrium is the point of the interaction between the demand and supply curves.
The given graph given from the question is attached below (Image 1-2)
The solution is attached in image 3-4
Answer:
The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.
Explanation:
Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.
Answer:
They're often used at many companies and businesses because instead of other formats it is very conclusive because you can clearly see the differences of all the numbers in it. They're right next to each other and they are easy to add information to. There is no need for any extra information and there is just enough evidence in everything for just the numbers.
Answer:
Delta
a) Error discovered on 1/1/17: Net income for 2015 is incorrect. The net income is too low by $525
b) Error discovered on 1/1/17: Net income for 2016 is incorrect. The net income is too high by $75.
c) Error discovered on 1/1/18: Total assets for 1/1/18 are incorrect. The assets are too low by $300 ($525 - $225)
d) Error discovered on 1/1/24: Retained earnings and total assets are correct.
Explanation:
a) Data and Analysis:
Cost of equipment on 1/1/15 = $525
Estimated useful life = 7 years
Salvage value = $0
Cost of equipment recorded as Repairs and Maintenance Expense
