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Helen [10]
3 years ago
12

Potatoes cost Janice $1.25 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she fe

els that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. How many pounds of potatoes will she purchase? What if she only had $2 to spend?
Business
1 answer:
slamgirl [31]3 years ago
6 0

Answer:

a. 1 pound of potatoes

b. 1 pound of potatoes

Explanation:

It is important to note that Janice will purchase potatoes until the cost of potatoes is more than her value for it or until she exhausts her income.

Having that in mind

a. In this case, since only the value of first pound of potato is worth more than the cost, she'd only buy 1 pound of potatoes. Totalled at $1.25

b. If she has only $2, she'd purchase only 1 pound because the value of the potatoes is worth more than the cost.

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LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0
3 years ago
A monopolist that practices perfect price discrimination has the same deadweight loss triangle as the single-price monopolist.
beks73 [17]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the price discrimination strategy refers to a technique used by the companies in order to charge different prices to the different consumers regarding the fact of how much would they be able to pay for the product. When it comes to monopolies, a perfect price discrimination strategy would try as best as possible to capture the majority of the zone known as the <em>"consumer surplus"</em>. And that is why that a company with a perfect price discrimination would face a small deadweight loss area due to the fact that with that strategy of price the monopolist will absorve as much as possible of that area becuase the triangle is half consumer surplus and half producer surplus.

7 0
3 years ago
Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
marta [7]

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

Debit : Credit Card fees $85

Credit : Cash $85

Explanation:

The Perpetual inventory system calculates the cost of sale and inventory balance on each and every sale made hence the journals above.

4 0
3 years ago
A detailed description of the money your business makes and expends every month for the first year is called a(n) A cash-flow st
Oksana_A [137]

Hello there,

A detailed description of the money your business makes and expends every month for the first year is called a(n)

Answer: Cash-flow statement.

6 0
3 years ago
An investment of $10,000 today is estimated to return $11,500 a year from now. The $11,500 is called the ________ of the investm
zheka24 [161]
The answer is future-value
8 0
3 years ago
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