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Akimi4 [234]
4 years ago
10

Rick eats only french fries and burgers at his office cafeteria. His weekly lunch budget is $48. Each burger costs $6 and each o

rder of fries costs $3. When deciding how much of each good to buy, Rick knows that 2 burgers and 4 orders of french fries will give him a utility of 8. At his utility-maximizing point, Rick's utility is:
Business
1 answer:
Artist 52 [7]4 years ago
4 0

Answer: 32

Explanation:

Since each burger cost $6

2 burgers = 6×2 = $12

Each fries cost $3

4 fries = 4×3

= $12

Total cost of his orders = 12+12 =$24

Since is weekly budget is $48

Hence,

48-32 = 8

Since he has 8 utility left. He only has a total order of $ 32

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Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply the housing. Assumin
Allisa [31]

Answer:

  • ,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500

Explanation:

<u>Rent</u>                                <u>Demand</u>                           <u>Supply</u>

2,500.00                        10000                               15000

2,000.00                         12500                               12500

1,500.00                         15000                               10000

1,000.00                         17500                                 7500

500.00                           20000                               5000

The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:

  • 5,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500
8 0
3 years ago
The balance in the finished goods inventory account on july 1, 2006, was
11111nata11111 [884]

there really isntt an answer


4 0
4 years ago
A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per da
MissTica

Answer:

Efficiency = Actual Output / Effective Capacity * 100%

Utilization = Actual Output / Design Capacity * 100%

Loan processing operation

Actual output = 9 loans per day

Design capacity = 10 loans per day

Effective capacity = 8 loans per day

Utilization = 9/10 * 100

Utilization = 90.0%

Efficiency = 9/8 x 100

Efficiency = 112.5%

Furnace repair team

Actual output = 3 furnaces per day

Design capacity = 9 furnaces per day

Effective capacity = 8 furnaces per day

Utilization = 3/9 * 100

Utilization = 33.3%

Efficiency = 3/8 * 100

Efficiency = 37.5 %

3 0
3 years ago
The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current projec
storchak [24]

Answer: template method

Explanation:

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as template method.

It should be noted that estimating time and cost are vital because it helps schedule work, develop needs of cash flow and show progress of a project.

5 0
3 years ago
Susan is the director of a federally funded program that assists at-risk teens with building communication skills, enhancing aca
Alexxx [7]

Answer:

selective intervention.

Explanation:

The concept of 'selective intervention' was developed by Oliver Williamson. The concept of selective intervention meant the intervention of large firms in small firms by duplicating their activities to produce net gains.

<u>In the given case, Susan is using a selective intervention strategy as her program is assisting at-risk teens to build communicative skills, attaining academic skills, and exploring career possibilities. In this case, the firm of Susan has replicated the activities of small firms by giving at-risk teens the classes to help themselves to gain net profit</u>.

Thus the correct answer is a selective intervention.

6 0
3 years ago
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