1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bagirrra123 [75]
3 years ago
7

Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she

consumes is 60 utils, and the marginal utility she receives from the last unit of Y she consumes is 30 utils. The price of X is $2.00, and the price of Y is $1.00. Based on the equal marginal principle, these data suggest that Sharon
Business
1 answer:
Elanso [62]3 years ago
5 0

Answer:

A) is maximizing her total utility from the given fixed budget.

Explanation:

The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price

And for profit maximization, the marginal utility and the price is equivalent to both the goods.

i.e

\frac{MU_X}{P_X} = \frac{MU_Y}{P_Y}

\frac{60}{2} = \frac{30}{1}

30 = 30

Hence, the correct option is a.

You might be interested in
Describe three ways that globalization is having a negative impact on the environment
Alchen [17]

pollution

building up in countryside

over population

5 0
3 years ago
Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happe
sdas [7]

Answer and Explanation:

Unemployment rate = (Unemployed/Labor force)*100

Labor Force Participation Rate = (Labor force/Adult population)*100

Labor force = number of unemployed + number of employed

Adult population = employed + unemployed + not in the labor force

When homemakers are included in the labor force as employed then the unemployment rate would go down, labor force would increase and so the labor force participation rate would increase.

The unemployment rate would decrease and the labor force participation rate would increase.

3 0
3 years ago
Locked-In Real Estate (LIRE) is preparing for their Initial Public Equity Offering (IPO). With its holdings consisting of rent c
jeka57 [31]

Answer: $62.50

Explanation:

The stock price of Locked-In Real Estate (LIRE) will be calculated thus:

Stock price = D /ke - g

where,

D = Dividend paid per share = $7.50

Ke = expected rate of return on equity = 12% = 0.12

g is growth rate of dividend = 0

Stock price = $7.50/0.12

Stock price = $62.5

Therefore, the stock price is $62.50

4 0
3 years ago
You receive an invoice for $565.00 with terms 3/10, net 30. If you pay it immediately, how much will you pay
Alika [10]
565 x 3% = $16.95

$656 - $16.95 = $548.05
3 0
3 years ago
Volvo of North America delivered automobiles to the Siberian police force when Siberia had no cash to pay for them. It accepted
posledela

The Volvo of North America delivered automobile to the Siberian police force when Siberia had no cash to pay for them. It accepted by the payment in oil, which it then sold for cash to pay for media advertising in the U.S. example of <u>counter-trade</u>.

Answer: Option B

<u>Explanation:</u>

The word counter trade means it is an exchange goods or services which are paid for wholly or partly with other goods or services either than with money. However, counter trade used for accounting purposes. In this case counter trade deals between sovereign states.

7 0
3 years ago
Other questions:
  • The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $21.4 million, but the market value of the
    5·1 answer
  • The management of prime manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each
    8·2 answers
  • Effects of containerisation,..... 10 points
    9·1 answer
  • Jake is leaving Shoe Warehouse to open his own shoe boutique. Jake currently earns $40,000 a year at Shoe Warehouse, but he is e
    11·1 answer
  • a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
    14·1 answer
  • "You want to invest $13,000 and are looking for safe investment options. Your bank is offering a certificate of deposit that pay
    15·2 answers
  • Ivy Corporation gave 96 people a bonus. If Ivy had given 2 more people bonuses, Ivy would have rewarded 2/3 of the workforce. Ho
    12·1 answer
  • How are fixed costs different from variable costs?
    11·2 answers
  • There is a bond with a coupon of 7.6 percent, seven years to maturity, and a current price of $1,032.20. What is the dollar valu
    10·1 answer
  • I am creating a website but I don't know what it should be about. Any ideas? the more the better&gt;
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!