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
bearhunter [10]
3 years ago
14

Miss Quested has the following quasi-linear utility function over bread (b) and housing (h): U(b, h) = 2b1/2 + h Assume that Mis

s Quested’s total income is $24, the price of bread is $1 per unit and the price of housing is $4 per unit. What is Miss Quested’s utility maximizing combination of bread and housing?
Business
1 answer:
dalvyx [7]3 years ago
3 0

Answer:

For b = 16 and h = 2, Miss Quested will get the maximum utility

Explanation:

Total income = $24

Price of bread = $1 per unit

Price of housing = $4 per unit

----

Constraint on Income: b + 4*h = 24

Maximizing U(b,h) = 2*(b)^(0.5) + h = 2*b^0.5 + (6 - b/4)

To calculate maximum utility, we solve for b for which

1. derivate of function = 0

2. double derivate = negative (< 0)

Step 1: Derivate = 0 => d(U)/db = 2*(1/2)*b^(-0.5) - 1/4 = 0

=> 1/b = (-1/4)^2 = 1/16

Step 2: Double Derivate < 0 => d2(U)/db^2 = (-0.5)*b^(-1.5) = Negative !

You might be interested in
You should induce vomiting in a child you suspect has been poisoned ONLY when
Mumz [18]

Answer:

The correct answer is the option: False.

Explanation:

To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.

8 0
3 years ago
Capital One produces a single product, which it sells for $8.00 per unit. Variable costs per unit equal $3.20. The company expec
Mrac [35]

Answer:

<em> 334 units </em><em>sales increase during the month must be required to justify the contemplated expenditure</em>

Explanation:

If management proposes an increase in monthly promotional costs (which is a fixed cost), then the units required to at least cover these extra fixed costs (break -even) must be determined.

<em>Break -even (units) = Fixed Cost / Contribution per unit</em>

<em>                                  </em><em>= $1,600 / ($8.00 - $3.20)</em>

<em>                                  = $1,600 /  $4.80</em>

<em>                                  =  333.333</em>

<em>                                  = 334</em>

<em>Therefore, 334 units must contemplate this expenditure</em>

5 0
4 years ago
All of the following are benefits associated with empowerment except: a. empowered employees are more likely to respond in a pos
Svetlanka [38]

Answer:

d. empowered front-line employees gain a false sense of power, in turn aiding the customer.

Explanation:

Employee empowerment is when an employer gives the employee a degree of autonomy in making decisions that affects their jobs.

They are allowed to decide how best to perform their jobs.

This gives the employee a sense of ownership that translates to better customer service, positive attitude, better employee moral, and cheaper source of market research than going to the consumer directly.

However this style does not give a false sense to power, because the employees actually.have autonomy in their work.

3 0
3 years ago
Danny, a longtime hotel manager for Hilton, was meeting with Sara, a regional manager, and telling her about his recent decision
sesenic [268]

Answer: rational decision-making model

Explanation:

Rational decision-making model could be seen as when the decision maker has all alternatives on a decision with much information, with time on their hands and resources to evaluate the various choices thats made available before them.

Danny's choice to go against other people decision and using a detailed and different consideration for the employee decribed he used a rational decision making model, he still believed in the individual when others did not, and this affected his decision and didn't allow that of others to influence him.

8 0
3 years ago
Is used to record and accumulate all the costs assigned to a specific job.
Mashutka [201]
The Correct Answer is Option D. (Job-Cost record)
6 0
3 years ago
Other questions:
  • A customer purchased an item on credit which journal entry should be made to record this purchase?Journal EntriesAccounts Receiv
    14·1 answer
  • What role can the private sector play in poverty alleviation?
    5·2 answers
  • How can a system administrator give the sales operations team read/write access to all escalated cases? Universal Containers set
    10·1 answer
  • A trader owns 55,000 units of a particular asset and decides to hedge the value of her position with futures contracts on anothe
    5·1 answer
  • Which of the following is correct? Increased education adds to the stock of human capital, not unlike building factories adds to
    8·1 answer
  • Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable fut
    11·1 answer
  • Turbine Manufacturing uses artificial intelligence in its factories to automate basic tasks, freeing human employees to perform
    6·1 answer
  • Explain three strategies you can use to take better notes. ​
    15·1 answer
  • What caused bill to learn to protect his own interests in buisness
    11·1 answer
  • Please helppppp ASAP I will Mark you Brainliest
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!