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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.

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Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

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Wimpy Inc. produces and sells a single product. The selling price of the product is $185.00 per unit and its variable cost is $5
Aleonysh [2.5K]

The formula for the calculation is

<u>CM ratio = Unit contribution margin ÷ Unit selling price </u>

The break-even in monthly dollar sales is closest to $578,100

Explanation:

The formula for the calculation is

<u>CM ratio = Unit contribution margin ÷ Unit selling price </u>

<u></u>

<u>Given that </u>

<u>Selling price of the product=</u>$185.00 per unit

variable cost=$55.50 per unit

fixed expense=$404,670 per month

<u></u>

= ($185.00 per unit − $55.50 per unit) ÷ $185.00 per unit

= $129.50 per unit ÷ $185.00 per unit = 0.70

<u>Dollar sales to break even = Fixed expenses ÷ CM ratio </u>

= $404,670 ÷ 0.70

= $578,100

The break-even in monthly dollar sales is closest to $578,100

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3 years ago
Which of the following statements is true about pension funds?
KATRIN_1 [288]

C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.

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true

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Communication helps understanding people better removing misunderstanding and creating clarity of thoughts and expression.

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