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cupoosta [38]
3 years ago
9

Andrew presents you with his utility schedule below.Quantity of Notebooks Utility from notebooks Quantity of CD's Utility from C

Ds0 0 0 02 70 1 804 130 2 1506 180 3 2108 220 4 26010 250 5 300He informs you that CDs are $6 each and MP3s are $3 each. Andrew doesn't want to spend more than $18 total on both CDs and MP3s. Andrew wants to know what consumption bundle he should choose if he wants to maximize his utility. Enter the quantities of CDs and MP3s he can bundle to maximize his utility.
Business
1 answer:
Ivenika [448]3 years ago
6 0

Answer:

2 CD and 2 MP3 will provide the maximum utility: 220 units

Explanation:

MP3 Q Utility  Marginal Utility  CD Q   Utility    Marginal Utility

     2        70          70                  1        80                80

     4       130         60                  2       150               70

     6       180         50                  3       210               60

     8      220         40                  4      260               50

    10     250          30                  5      300              40

Andrew can Purchase up to 18 dollars

Cost of a CD: 6 dollars

MP3 cost: 3 dollars

He will look at the marginal utlity (utility from additional unit) at the moment of make a desition:

The first CD will provide more utility than 2 MPE (80 to 70)

Then, Andrew will purchase his first pair of MP3 to get 70 more utility for 6 dollars

and then, between the second of each will prefer CD against as the marginal utility is higher: 70 against 60

Andrew will spend all of his budget $12 on CD's and $6 on MP3

Total utility: 80 + 70 + 70 = 220 Utility

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Answer:

C) can get started more easily and maneuver faster

Explanation:

A small business (sole proprietorship, partnership, limited liability company) can maneuver much faster than any corporation simply because the owners are the managers of the business. The owners do not have to ask anyone for permission to make any decisions or decide new business activities. Also, last but not least, you are your own boss, and that is priceless.

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4 years ago
Research any three successful entrepreneurs of your choice.
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Answer:

1. Andrew Carnegie

You probably recognize Andrew Carnegie’s name, since he’s one of the most famous and richest industrialists of all time. However, he didn’t accumulate his wealth as a result of formal education or a business-charged background. Instead, he dropped out of school at a young age and spent the major portion of his youth performing manual labor. He was a bobbin boy at a local cotton mill and then became a telegraph messenger. It wasn’t until he taught himself how to read and entered the railroad industry that he began to build the empire that would make him (and his family) a fortune.

2. John Paul DeJoria

You may not have heard of John Paul DeJoria, but you’ve certainly indulged in some of the beauty products attached to his name. Now a multi-billionaire and one of the most accomplished entrepreneurs in modern history, DeJoria got his start as a newspaper courier. To make ends meet, he worked as a tow truck driver and a janitor. Eventually, he found his way to working at a hair-care company, where he met his future partner, Paul Mitchell. With minimal experience and a $700 loan, the duo founded a company now known as John Paul Mitchell Systems. From there, DeJoria co-founded Patron Spirits and the House of Blues.

3. Harland Sanders

If someone asked you for a loan to start a restaurant, but had no formal culinary training or experience, would you make that loan? It seems crazy to think anyone could become a successful restauranteur without a background in the industry, but that’s exactly what Harlan “Colonel” Sanders was able to do. When he started his line of Kentucky Fried Chicken restaurants, the only experience he had was cooking for his siblings as a child and working at a number of odd jobs.

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4 years ago
Your firm has a bond issue with a face value of $250,000 outstanding. These bonds have a coupon rate of 7 percent, pay interest
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Answer:

$3,675

Explanation:

Calculation to determine the amount of the annual interest tax shield

Using this formula

Annual interest tax shield=Outstanding face value*Coupon rate*Tax rate

Let plug in the formula

Annual interest tax shield = $250,000 *.07 *.21

Annual interest tax shield= $3,675

Therefore the amount of the annual interest tax shield is $3,675

7 0
3 years ago
actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce
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Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.

<h3>Who can enforce this contract?</h3>

This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.

The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.

Options include:

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  • b. Becca.
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Find out more on the Statute of Frauds at brainly.com/question/14854791

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