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kow [346]
3 years ago
10

Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc

hase:A) more of A and less of B.B) more of B and less of A.C) more of both A and B.D) less of both A and B.
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

\frac{MU_{a} }{P_{a} } =6

\frac{MU_{b} }{P_{b} } =4

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

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Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts
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B bc if the food DLC do gas so gc coo be fb bl
4 0
2 years ago
The market for pizza is perfectly competitive and has​ 1,000 firms. Each firm is identical. Describe each firm in​ long-run equi
Stolb23 [73]

Answer:

The correct answer is option D.

Explanation:

In a perfectly competitive market, firms can have positive economic profits only in the short run. In the long run, though, the firms can enter and exit the market, so if some firms among the 1,000 are having profits, it will attract potential firms to join the market.  

This causes the market supply to increase. This increase in supply reduces prices and profits.  

Similarly, if some of the firms among 1,000 are having losses in the short run, then in the long run, the firms incurring losses exit the market. This reduces market supply and thus increases price and profits.  

This process continues until all the firms are having zero economic profits.

8 0
4 years ago
If a fixed asset, such as a computer, were purchased on January 1st for $3,750 with an estimated life of 3 years and a salvage o
damaskus [11]

Answer:

2. EOM Depreciation Expense 100 Accumulated Depreciation 100

Explanation:

The journal entry to record the monthly expense under straight-line depreciation is shown below:

EOM Depreciation Expense A/c Dr $100

      To Accumulated Depreciation A/c $100

(Being depreciation expense is recorded)

The computation is shown below:

= (Purchase value of a fixed assets - estimated residual value) ÷ (useful life × total number of months in a year)  

= ($3,750 - $150) ÷ (3 years × 12 months)  

= ($3,600) ÷ (36 years)  

= $100

4 0
3 years ago
The ability to take initiative in the workplace is called
vlada-n [284]

Answer:

C

Explanation:

5 0
3 years ago
Read 2 more answers
The linear programming model for crashing presented in the textbook assumes that any portion of the activity crash time can be a
Rainbow [258]

Answer: True

Explanation:

Linear programming is a mathematical programming method to get the best solution to a problem when we are given certain constraints.

The linear programming model for crashing presented in the textbook assumes that any portion of the activity crash time can be achieved for a corresponding portion of the activity crashing cost is true.

6 0
3 years ago
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