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Alex Ar [27]
3 years ago
14

Tracy consumes dress shoes​ (D) and casual Crocs​ (C). Her marginal utility from consuming casual Crocs is MU Subscript Upper CM

UCequals=20DC and her marginal utility from consuming dress shoes is MU Subscript Upper DMUDequals=10Upper C squaredC2. Her annual shoe allowance is ​$450450​, which she spends on only dress shoes and Crocs. If she pays ​$5050 for a pair of dress shoes and ​$2525 for a pair of​ Crocs, what is her optimal consumption​ bundle?
Business
1 answer:
Llana [10]3 years ago
7 0

Answer:

The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.

Explanation:

From the question,

Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50

Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes

Optimal bundle is determined where MRS = Price ratio

MRS = MUC/MUD = 20DC/10C2 = 2D/C

Price ratio = Pd/Pc = 50/50 = 1

So, 2D/C = 1

       Therefore, C = 2D

Budget constraint:  M = Pd*D + Pc*C

So, 50D + 50*(2D) = 450

      50D + 100D = 150D = 450

So, D = 450/150 = 3

C = 2D = 2*3 = 6

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ki77a [65]

Answer:

A.

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Cr Unearned Warranty Revenue 22,437

b)Current Liabilities:Unearned Warranty Revenue 90,579

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Explanation:

Teal Company

A.

Dr Cash (814*327) 266,178

Cr Sales Revenue 243,741

Cr Unearned Warranty Revenue (277*81) 22,437

b)Current Liabilities:Unearned Warranty Revenue 90,579

(327×277)

Long-term liabilities:Unearned Warranty Revenue 181,158

(90,579×2)

4 0
3 years ago
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AleksandrR [38]

Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

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As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

5 0
2 years ago
Which of the following is an advantage of first movers? Group of answer choices they are not prone to mistakes they have an oppo
joja [24]

Answer:

they have an opportunity to exploit network effects and positive feedback loops

Explanation:

The first mover advantage refers to competitive advantages that can be achieved by a firm that first enters a market or launches a new product first. E.g. Volkswagen has a first mover advantage in China because it was the first foreign car manufacturer to successfully a car factory there. Another type of first mover advantage would be the ones obtained by Apple for launching the first smartphone.

Network effects refers to a good or service becoming more valuable because more people purchase or use them, e.g. social media apps.  

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6 0
3 years ago
At​ year-end, Sample has cash of $ 14,000​, current accounts receivable of $ 70,000​, merchandise inventory of $ 42,000​, and pr
Delicious77 [7]

Answer:

Days to collect receivables = 26 days

Explanation:

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Average Accounts Receivable = $40,000

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7 0
3 years ago
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gtnhenbr [62]

Answer:

Christiaan Huygens

Explanation:

Christiaan Huygens was a Dutch physicist with many credits and inventions some of which is the pendulum clock and production of many telescopes. He is also credited as the father of theoretical physics being the first to make use of formula in physics. His wave theory of light was controversially not widely regarded because of Isaac Newton's earlier theory on corpuscular theory of light.

He published his work on the wave theory of light in the book called Treatise on Light in 1690 which was then seen as the opposite of what Newton (who was already wildly famous) had proposed.

6 0
3 years ago
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