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
Katena32 [7]
3 years ago
13

Assume that the price of oranges increases to $2, while the price of apples remains at $1, and Linda allocates $5 of the weekly

food budget to purchasing apples and oranges. If Linda wants to maximize her utility, her new consumption bundle will consist of a. 1 apple and 2 oranges. b. 3 apples and 1 orange. c. 5 apples and no oranges. d. none of the above
Business
1 answer:
Murljashka [212]3 years ago
5 0

Answer:

The correct option is B

Explanation:

When making a purchase a consumer attempts to get the greatest value possible from expenditure of least amount of money, this is the economic concept of maximizing utility. To maximize the total value derived from the available money.

You might be interested in
Mortar Corporation acquired 80 percent of Granite Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Mo
Lubov Fominskaja [6]

Answer:

The debit adjustment to equipment would be $30,000.

Explanation:

Amount received for the equipment by Mortar from Granite - $370,000

Purchase price of the equipment = $400,000

Debit adjustment to equipment = Purchase price of the equipment - Amount received for the equipment by Mortar from Granite = $400,000 - $370,000 = $30,000

Therefore, the debit adjustment to equipment would be $30,000.

8 0
3 years ago
A(n) ________ represents a condensed version of the registration statement that enables prospective investors to evaluate a stoc
stiks02 [169]

Answer:

D. prospectus

Explanation:

prospectus is a term used in company law, it can be regarded as a formal and legal document that are used for invitation of offers from the public, so that public can subscribe to or purchase any securities. prospectus is basically a formal and legal document issued by a body corporate which acts for inviting offers from the public for subscription or purchase of any securities.prospectus is usually issued by a body corporate. And in this case the entitlement on issueing of prospectus is open to the every public company so that they can issue prospectus for shares or debentures, however not required as far as private company is concerned. It should be noted that prospectus represents a condensed version of the registration statement that enables prospective investors to evaluate a stock for possible purchase.

3 0
3 years ago
Jones Company uses the weighted-average method in its process costing system. The Finishing Department started the month with 40
Vaselesa [24]

Answer:

Units Completed and Transferred: 2,700

Explanation:

Units Completed and Transferred: Beginning Units in Process + Units Received -  Ending Units in Process

Beginning Units in Process:                400

Units Received:                                 2,500

<u>Ending Units in Process:                     (200)</u>

Units Completed and Transferred:  2,700

6 0
3 years ago
Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,820. After estimating costs and re
UNO [17]

Answer:

the present value is $13,588.97

Explanation:

The computation of the present value of the retreading operation is shown below:

As we know that

Present value = Future value ÷  (1 + rate of interest)^time period

= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7

= $13,588.97

Hence, the present value is $13,588.97

5 0
2 years ago
Consider the statement: "Even if a firm is losing money, it may be better to stay in business in the short run." This statement
IRINA_888 [86]

Answer:

if the loss is less than fixed costs

Price exceeds the average variable cost.

Explanation:

If a business is making losses and wants to shut down operations, it will need to keep paying the fixed cost component.

In a case where the loss made from running the business is less than the fixed cost that will be incurred, it is better for the business to keep producing in the short run. The cost of closing up will be higher.

Also the business should stay open if the price of a product is higher than its average variable cost. This is because as production increases the positive contributing margin will eventually exceed cost incurred. This can be achieved by scaling production upward.

4 0
3 years ago
Other questions:
  • Doss is vice president of marketing research for General Mills. The chefs at General Mills bring three new cookie recipes to Dos
    6·1 answer
  • Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $ 40,000 Acco
    6·1 answer
  • In the competitive sports drink market, Gatorade pays very close attention to the activities of Powerade, a major __________ com
    9·1 answer
  • White company had no investments prior to the current year. It had the following transactions involving short-term available-for
    9·1 answer
  • Please create ERDs for the following two examples and have them ready to upload. Please show cardinality for each one:
    13·1 answer
  • When banks are compared to retail stores, banks are said to “buy” money. What does the term “buy” refer to? The bank collaterali
    12·2 answers
  • According to Carole Vickers, family/home management history can be divided into four principal eras. Era one (1900-1930s) focuse
    5·1 answer
  • A project has 70% probability of doubling your investment in a year and 30% probability of halving your investment in a year. Wh
    10·1 answer
  • Jane's Donut Co. borrowed $200,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable i
    5·1 answer
  • Why is it important to invest for your retirement? please explain :p
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!