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bezimeni [28]
3 years ago
15

Assume that a consumer has a given budget or income of $12, and that she can buy 2) only two goods, apples or bananas. The price

of an apple is $1.50 and the price of a banana is $0.75.
Business
1 answer:
Sauron [17]3 years ago
4 0

Answer: 16 Banana's or 8 Apples

Explanation:

Budget constrain is a mathematical expression which shows us the quantity of goods that can be purchases at given prices and income. Since, income of the consumer is limited, he must allocate his consumption in a way that he can buy maximum goods at the given prices.

The budget constrain faced by the person is

1.50*Q_{A} + 0.75*Q_{B} \leq 12

If the person spends all his income on Apple's, he buys

\frac{12}{1.50}

= 8 Apples

If the person spends all his income on Banana's, he buys

\frac{12}{0.75}

= 16 Banana's


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What side of the manufacturing overhead account is actual manufacturing overhead entered on?.
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A labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. A capital-intensive (automated) pro
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the 17,941 units should be produced and sold

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The journal entry is given as follows;

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