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kaheart [24]
4 years ago
8

According to the inequality, the marginal utility per dollar spent on good X is less than the marginal utility per dollar spent

on good Y. According to the rule of equal marginal utility per dollar spent, what can a consumer do to increase total utility for a given budget from consumption of goods X and Y?
Business
1 answer:
polet [3.4K]4 years ago
8 0

Answer:

The answer is: Consume more good Y and less good X.

Explanation:

The marginal utility of good Y is greater than the marginal utility of good X. This means that an extra unit consumed of good Y will give the consumer a grater satisfaction than consuming an extra unit of good X. So if the consumer wants to increase his total utility (satisfaction) he should buy more units of good Y.

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Jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, Inc
Bas_tet [7]

Answer:

An exception based on public policy.

Explanation:

Employment at will according to the United States is a doctrine that permits the employer and employee to work together in an indefinite period of time, whereas they are able to terminate their contract with any necessary fair clause.

In many counties around the world, employers always look for reasons to terminate or stop their employees from working, whereas an exception based on public policy negate this doctrine.

6 0
3 years ago
Which of the following sectors should be restructured?
Marianna [84]
I really don’t know
6 0
3 years ago
Your friend wants to open a clothing shop. A necessary capital resource is a
saw5 [17]

Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>

Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.

6 0
4 years ago
Ian participates in a 401(k) plan at work. For every $1 Ian contributes to the plan, his employer adds 50 cents. Employer contri
Inessa [10]

Answer: $5,150

Explanation:using the information given above,

For every $1 contributed by the employee, employer adds 50cent.

Employer contribution ends after employee contributes $2500 to the 401(k) plan.

Last year:

Ian's weekly contribution = $75

Number of weeks in a year = 52

Ian's total contribution ($75 × 52) = $3,900

Ian's Employer's total contribution:

$0.5 × $2500 = $1,250

Therefore total contribution last year :

$3900 + $1250 = $5,150

6 0
4 years ago
Danny is considering a stock purchase. The stock pays constant annual dividends of ​$1.54 per share and is currently trading at
Ksenya-84 [330]

Answer:

No he should not buy this stock.

Explanation:

The stock pays a constant dividend thus it means it is a zero growth stock. The formula to calculate the fair price of a zero dividend growth stock is as follows,

  • P = D / k
  • Where D represents dividend
  • k represents required rate of return
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The fair price of the stock according to the Dividend discount model is 10.92 while the stock is trading at 21.27 which means that the stock is overpriced. So, it should not be purchased.

7 0
3 years ago
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