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Mars2501 [29]
4 years ago
5

Lily wants to maximize her benefit of consuming apples and bananas, given her fixed budget of $10 for these two fruits. The pric

e of an apple is $1, and the price of a banana is $0.50. In order to derive Lily's demand curve for bananas, we need to ________. a. draw a downward sloping line with slope of -1 b. draw a downward sloping line with slope of -2 c. solve the buyer's problem for her multiple times and find the optimal number of bananas, when price of a bananas is at a different level each time d. solve the buyer's problem for her once, and find the optimal number of bananas, when price of a bananas is $0.50
Business
1 answer:
JulijaS [17]4 years ago
4 0

In order to derive Lily's demand curve for bananas, we need to solve the buyer's problem for her multiple times and find the optimal number of bananas, when price of a bananas is at a different level each time.

Explanation:

The demand curve is an intractable economic diagram that indicates the connection between an overall market demand for commodity quantity and market price.

The market demand graph is the convergence of all private market demand curves. This indicates the quantity expected by all people at different prices. For eg, the quantity expected by all advertisers at 10 dollars per day is 150 lattes.

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3 years ago
Workers at nuclear power plants wear film badges to _____.
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4 years ago
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How might the future economic concerns of other countries differ from those of the United States?
mafiozo [28]

Answer:

The future economic concerns of other countries will differ from those of the United States, mainly according to the degree of economic development of each nation. Thus, for example, countries like Germany or Canada, which have an economic development similar to that of the United States, will have economic and socioeconomic concerns quite similar to the United States (rational use of natural resources, redistribution of income, efficient allocation of public resources, etc.).

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4 years ago
What are high-risk loans?
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7 0
3 years ago
Molly is considering a project with cash inflows of $811, $924, $638, and $510 over the next four years, respectively. The relev
kati45 [8]

Answer:

A. -$425.91

Explanation:

Given that

Start up cost = 2700

Cash inflow 1 = 811

Cash inflow 2 = 924

Cash inflow 3 = 638

Cash inflow 4 = 510

Rate = 11.2% or 0.112

Recall that

NPV = E(CF/1 + i]^n) - initial investment or start up cost

Where

E = summation

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i = discount rate

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Thus

NPV = -$2,700 + $811 / 1 + 0.112 + $924 / 1 + 0.112^2 + $638 / 1 + 0.112^3 + $510 / 1 + 0.112^4

NPV = -$425.91

Therefore, NPV = -$425.91

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4 years ago
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