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3 years ago

An estimated three-quarters of what product sold in naples originate in the black market?

1 answer:

7 0

<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>

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Olivia likes to eat both apples and bananas. At the grocery store, each apple costs $0.20 and each banana cost $0.25. Olivia’s u

icang [17]

Answer:

Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.

Explanation:

Let A represent the number of apples bought and B represent the number of bananas bought. Therefore since Olivia has $4 to spend:

0.2A + 0.25B = 4 (1)

Also, the tangency condition can be used to find the optimal amount of A to relative to B. It is give as:

$MU_A/P_A=MU_B/P_B\\\\\frac{3\sqrt{\frac{B}{A} } }{0.2}= \frac{3\sqrt{\frac{A}{B} } }{0.25}\\\\15\sqrt{\frac{B}{A} }=12\sqrt{\frac{A}{B} }\\\\squaring\ both\ sides:\\\\\frac{225B}{A} =\frac{144A}{B}\\\\225B^2=144A^2\\\\B^2=0.64A^2\\\\Taking\ square\ root:\\\\B=0.8A$

Put B = 0.8A in equation 1:

0.2A + 0.25(0.8A) = 4

0.2A + 0.2A = 4

0.4A = 4

A = 10

B = 0.8(A) = 0.8(10) = 8

Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.

6 0

3 years ago

On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, payin

Salsk061 [2.6K]

Answer:

The journal entries alongwith its explanation are as under:

Explanation:

Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:

Dr Treasury Stock (1800 share*$8 per share) $14,400

Cr Cash $14,400

Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:

Dr Cash (1200*9) $10,800

Cr Treasury stock (1200*8) $9,600

Cr Paid in capital from sale of treasury stock $1,200

4 0

3 years ago

Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem

Rashid [163]

Answer:

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = $\sqrt{3*1500*77/23}$ = $\sqrt{15065.21739}$ = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B) Annual holding cost = 23 * 122 / 2 = $1403

C ) Annual ordering costs = 1500/122 * 77 = $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

Explanation:

Annual demand for connectors : 1500

ordering cost ( cost to place and process an order ) : $77

annual holding cost per unit : $23

B) Annual holding cost = 23 * 122/2 = $1403

C ) Annual ordering costs = 1500 / 122 * 77 = $946.72 ≈ $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

daily demand = 1500 / 300 = 50

lead time = 3

7 0

3 years ago

Dribbling in field hockey is when you.

Talja [164]

Answer:

Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.

3 0

2 years ago

What are the approaches for learning Economics effectively?

mixer [17]

the linear stages of growth model, theories and patterns of structural change, the international dependency revolution, and the neoclassical theories. The term economic development is a term that economists, politicians, and others have used frequently.

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2 years ago