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agasfer [191]
3 years ago
11

​Andy's utility function for goods X and Y is linear and is given by​ U(X,Y) = 2X​ + 3Y. Based on this utility​ function, we can

conclude that goods X and Y are perfect substitutes for Andy. The price of X is​ $4, the price of Y is​ $8, and​ Andy's income is​ $40. To maximize his​ utility, Andy should purchase 10 units of X and 0 units of Y. ​(Enter your responses as real numbers rounded to one decimal​ place.)
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer:

True

Explanation:

U(X,Y) = 2X​ + 3Y

X= $4

Y= $8

Income = $40

Utility purchasing 10 units of X: U(10,0) = 2x10​ + 3x0 = 20

Utility purchasing 5 units of Y: U(0,5) = 2x0​ + 3x5 = 15

While Y cost twice the cost of X, its utility is only a 50% percent more.

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2. Do you recognize any of the entrepreneurial personality characteristics in yourselves?
hoa [83]

Answer:

The Entrepreneurial personality trait i have is <em>Risk Taking. </em><em> </em>And Yes, one can develop such characteristics.

Explanation:

As of now, I have recognized that I am a <em>Risk Taker, </em>which is an essential trait to be an entrepreneur. Because there would be lots of hurdles in the way, and I would be required to make quick decisions for impose great risk for me and I like to take that.

Developing characteristics:

  1. Decision Making.
  2. Planning.
  3. Open Mind.
  • These entrepreneurial personality traits I believe can be developed. Because there is a study which tells that to learn something new it requires 10000 hours, so, it's really not a rocket science, and only practice is required.

To learn decision making, one needs to take decisions often, he will surely fail but then that's what it is about taking risk being confident.

4 0
3 years ago
XYZ Inc.'s cost formula for its supplies cost is $968 per month plus $8 per frame. For the month of November, the company planne
zaharov [31]

Answer: $528 favorable

Explanation:

The Spending variance for supplies shoes the difference between what the company thought it would spend on supplies and what it actually spends.

Spending variance on supplies = Actual costs - Budgeted costs

Budgeted cost:

= 968 + 8 * 470 frames

= 968 + 3,760

= $4,728

Spending variance on supplies:

= 4,200 - 4,728

= $528 favorable

<em>Variance is favorable when the Budgeted costs are higher than actual costs. </em>

8 0
3 years ago
How do I change the subjects that I'm interested in on brainly?
pshichka [43]

Answer:

I dont know sorry

Explanation:

4 0
3 years ago
Operations and supply chain management is concerned with the design and management of the entire system that has what function?
Vladimir79 [104]
The function that they had is <span>Produces a product or delivers a service. Supply chain management is a complex system that organizes the flow of goods and services.
The main purpose in creating this supply chain is to make sure that the company will be able to deliver their selling products to as many potential consumers as possible</span>
4 0
4 years ago
Assume there is concern that the United States may experience a recession. How should the Federal Reserve influence the dollar t
alexandr1967 [171]

Answer:

A reduction in the volatility of the dollar is one of the consequences that would have a reduction of rates

Explanation:

The drop in interest rates of the main banks worldwide is one of the effects of the reduction in US rates by the Federal Reserve. This is defined in greater liquidity in the face of the slowdown of larger economies, in order to avoid a possible recession.

A low rate generally drives equity assets globally, which is why there has been a rally in world markets that could continue with the increase in liquidity.

5 0
4 years ago
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