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
Karolina [17]
3 years ago
14

Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.. . a. if the price

of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each goods mary is purchasing?. . b. If mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
Business
1 answer:
zimovet [89]3 years ago
7 0
 Using formula: Marginal Utility=Change in Total Utility/Change in Quantity
<span>So, the marginal utility of each good will be 30/$2, or 15/$1.
Multiply this marginal utility by the price of each good/service to obtain the marginal utility per unit of good.</span>
<span>Since marginal utility of good A is given then by using this formula the the marginal utility of good B is 60 , MU of good C is 45 and MU of good D is 15</span>

You might be interested in
Jaime needs milk from the grocery store. The milk is on sale for $1.50, significantly less than its customary price. Jaime also
creativ13 [48]

Answer: Loss leader pricing

Explanation:

Loss leader pricing is a pricing strategy that involves fixing the price of a product well below its cost or market price to attract a new set of customers. In most cases, the "loss" in such products is shifted to another product to cushion its effect. The grocery store is selling milk at $1.50 lower than its market cost by employing loss leader pricing strategy to its business model.

7 0
3 years ago
Read 2 more answers
Billy Dan and Betty Lou were recently married and want to start saving for their dream home. They expect the house they want wil
zhannawk [14.2K]

Answer:

Billy Dan and Betty Lou have to invest $11,551 each year to purchase their dream home at the end of 12 years

Explanation:

The requirement of this is missing, that is provided below

How much will Billy Dan and Betty Lou have to invest each year to purchase their dream home at the end of 12 years? Assume an interest rate of 10 percent.

Use the following formula to calculate the amount of yearly investment.

Cost to purchase the house = Annual investment x ( 1 + Interest rate )^numbers of years ) - 1 ) / interest rate

Where

Cost to purchase the house = $247,000

Interest rate = 10%

Numbers of years = 12 years

Annual investment = ?

Placing values in the formula

$247,000 = Annual investment x ( 1 + 10% )^12 ) - 1 ) / 10%

$247,000 = Annual investment x 21.384284

Annual investment = $247,000 / 21.384284

Annual investment = $11,550.54

Annual investment = $11,551

Hence, they have to invest $11,551 each year to be able to purchase the house for cash in 12 years.

3 0
3 years ago
Which one of the following is not a right of common stockholders?a) To share proportionately in all management decisions.b) To s
lozanna [386]

Answer: Option A

Explanation: Common stockholders refers to the holders of common equity of an organisation. These shareholders are actually the owners of the organisation. They have the potential to earn maximum benefit and bear the maximum risk.

They have the right to select the auditor and board of directors but they cannot interfere with the management decisions. This right stands in the domain of the top managers which are appointed by these shareholders.

Thus, we can conclude that the correct option is A .

5 0
3 years ago
If customer satisfaction is a criterion for decision making, then customer satisfaction
jonny [76]
I’m going to go with b. Will be considered in the decision making process.

I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.
3 0
3 years ago
Read 2 more answers
A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common
Finger [1]

Answer:

Price earning ratio= 8  times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares

7,000,000/1,000,000= $7  per share

Price earning ratio = 56/7= 8  times

Price earning ratio= 8  times

                         

8 0
3 years ago
Other questions:
  • If left to the private market, the amount of fire protection provided in a city would be ________ than it is now, and free rider
    13·1 answer
  • A network of organizations and business processes for procuring raw​ materials, transforming these materials into intermediate a
    11·1 answer
  • West Calder Fabrication is trying to decide which of the following four cargo ships that should be used to ship their products,
    9·1 answer
  • At January​ 1, 2019, the Accrued Warranty Payable is $ 1 comma 100. During​ 2019, the company recorded Warranty Expense of $ 19
    11·1 answer
  • The statement of cash flows reports all but which of the following: Multiple Choice
    14·1 answer
  • 4. The three NIMS guiding principles are:
    13·1 answer
  • Expenses are recorded as costs of doing business whether cash was paid or not.<br> True or False
    6·1 answer
  • The following table shows a simplified consolidated balance sheet for the entire
    8·1 answer
  • On February 28, 2009, $5,000,000 of 6%, 10-year bonds payable, dated December 31, 2008, are issued. Interest on the bonds is pay
    10·1 answer
  • strategies are incentives a manfacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the lik
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!