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gregori [183]
4 years ago
7

For lunch, Wendy eats only salads or fruit & yogurt smoothies. Her weekly food budget is $48. Each salad costs $6 and each s

moothie costs $3. When deciding how much of each good to buy, Wendy knows that 4 salads and 8 smoothies will give her a utility of 8. She also knows that at this level, her marginal utility per dollar spent is the same for both items. What is Wendy’s utility-maximizing point?1 salad, 14 smoothies6 salads, 4 smoothies5 salads, 6 smoothies4 salads, 8 smoothies
Business
1 answer:
kherson [118]4 years ago
3 0

Answer: Option (d) is correct.

Explanation:

Given that,

Wendy's weekly food budget = $48

Each salad costs = $6

Each smoothie costs = $3

She knows that 4 salads and 8 smoothies gives her a utility of 8

So, Wendy's utility-maximization point is:

4 salads, 8 smoothies

4 × $6 + 8 × $3 = $48

This is a utility maximization point.

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Answer:

-0.75

Explanation:

We will examine the sample space, which is used in games like this one, to see the possible outcomes of the game:

H H H

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T H T

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The probability for getting three heads is 1/8. The probability for getting two heads is 3/8. And the probability for everything else is 1/2.

So, when the probabilities and the payouts (or losses) are put in the weighted formula, we get:

1/8*8 + 3/8*2 + 1/2*(-3) = -0.75

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The principal difference between objectives and goals is that
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Chez Fred Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2
steposvetlana [31]

Answer:

See below

Explanation:

Per the above information,

Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount

$93,000 = Beginning account receivable + $108,000 - $142,000 - $130

$93,000 = Beginning accounts receivable - $34,130

Beginning accounts receivable = $93,000 + $34,130 = $127,130

So, the beginning account receivable would be;

The ending accounts receivable is computed as;

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7 0
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Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750
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Answer:

A. $8, 167.50

Explanation:

The fact Juniper company returned $1,500 worth of merchandise, means that it is only obliged to pay the amount of $8,250($9,750-$1,500).

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