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zhuklara [117]
3 years ago
8

Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py = 30/2 and MUz/Pz = 45/3. To maximize uti

lity, without spending more money, the consumer should.
Business
1 answer:
IrinaVladis [17]3 years ago
7 0

Answer:

Make no change in Y and Z.

Explanation:

It was assumed that consumer purchases the combination of two goods, Y and Z.

\frac{MU_{Y} }{P_{Y}}= \frac{30}{2} = 15

\frac{MU_{Z}}{P_{Z}}=\frac{45}{3}=15

For maximizing the utility of the consumer, the ratio of marginal utilities must be equal to the price ratio of the products.

We can see that the ratio of marginal utilities is equal to the price ratio of the products. Hence, the consumer should not make any changes to the combination of products.

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Robert just found out that he is going to be unemployed within a month because his factory has invested in a robotic factory lin
castortr0y [4]

Answer:

Structurally unemployed.

Explanation:

This form of unemployment in many cases has targeted its explanation towards the shift of the nations economy. This is seen to be true even though other factors affect it just like the scenario seen above for Robert. Roberts case shows that scientific and technological advancement can bring about this form of unemployment as it explains that robots will have to take over the jobs in the working environs for the time they will be away.

This will be also seen for a an analyst who has failed to acquire a form of proficiency in programming languages too.

6 0
3 years ago
By combining their resources and developing shared goals, procter & gamble and walmart were able to increase the value to th
givi [52]

Answer:

Their relationship is considered <u>"strategic".</u>

Explanation:

Strategic relationships build when individuals focused on keeping up a relationship over the long period and putting resources into circumstances that are commonly valuable.  

Building strategic relationships is important if you want to accomplish your business. These relationships can prompt new business, greater client or customer commitment, and a better name and profile.

4 0
3 years ago
Purdum farms borrowed $15 million by signing a five-year note on december 31, 2015. repayments of the principal are payable annu
gizmo_the_mogwai [7]
After paying for the year 2016, at the end of the year, notes payable's balance is now $12M. Since the note is a 5-year accountability, this is part of the long term liability. Therefore, $12M should be reflected in long-term liabilities in the Balance Sheet.
3 0
2 years ago
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply. Scenario Sho
Softa [21]

Answer:

(A) it will affect the GDP Deflator.

(B) it will affect both the GDP deflator and the CPI

Explanation:

(A) The increase in prices of imports increase real GDP and also the GDP deflator as now the US will purchase less of these cars from china and therefore there will be less imports of this car from china, people will prefer buying local inexpensive cars which will in turn increase the GDP even more than before so therefore this scenario only affects the GDP deflator only as the formula for real GDP is the sum of consumption spending, government spending,government saving( investment) and (exports minus imports) so the less imports we get the more real GDP we get in the US economy.

(B) This will affect both GDP deflator and CPI because firstly this will touch on the exports which will increase and bring in more revenue for the US therefore increasing real GDP because the prices of the fishing product has decreased which will cause the US economy to increase. it will also affect the CPI because now prices of this product have fell therefore the CPI is also going to fall probably causing a deflation.

5 0
3 years ago
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni
PtichkaEL [24]

Answer: 14.9%

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18300/12770x100%

8 0
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