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Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis

saveliy_v [14]

Answer: $4. 71 hamburger and $6.29 French fries.

Explanation:

Total spendable income of Antonio = $11.00

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

= $3.50 per lunch

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries.

3 0

3 years ago

A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve Upper S 2 to ______________.

xenn [34]

Answer:

D. supply curve Upper S 3

Explanation:

8 0

3 years ago

Communication response time must be faster than in the past to succeed in modern workplace t or f?

goblinko [34]

Answer:

T.

Communication response time must be faster than in the past to succeed in the modern workplace. TRUE.

8 0

3 years ago

Read 2 more answers

(8 points) The following information relates to the Windsor Company.DateEnding Inventory(End-of-Year Prices)PriceIndexDecember 3

ad-work [718]

Answer:

Windsor Company

year Inventory Indexes Inventory Change from prior y

at year prices at base year price

2013 $63,500 100 63,500 -

2014 105,434 119 88,600 25,100

2015 113,446 131 86,600 (2000)

2016 128,792 136 94,700 8,100

2017 118,158 141 83,800 (10,900)

Dollar Value Inventory

Dec 31 , 2013 $63,500 at 1.00 $63,500

Dec 31, 2014 $63,500 at 1.00 $63,500

25,100 * 1.19 29,869

93,369

Dec 31 2015 $63,500*1.00 63,500

23,100*1.19 27,489

90,989

Dec 31, 2016 $63,500*1.00 63,500

23,100*1.19 27,489

8,100*1.36 11,016

102,005

Dec 31 , 2017 $63,500*1.00 63,500

20,300*1.19 24,157

87,657

Explanation:

7 0

3 years ago

A person is faced with undertaking these four activities on Monday – watch a movie, visit a

Iteru [2.4K]

The opposite cost i think.

4 0

3 years ago