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Irina18 [472]
3 years ago
10

Assuming that the prices of A and B are $1.50 and $1, respectively, and that Mr. Chen has $24 to spend, plot his budget line and

identify the optimal combination of goods A and B that he will purchase.

Business
1 answer:
Margarita [4]3 years ago
7 0

Answer:

consume 8 units of A and 12 units of B

Explanation:

given data

prices of A = $1.50

prices of B = $1

Budget constraint = $24

consider data indifference curve

unit A         unit  B

16                 6

12                 8

8                  12

4                  24

solution

As graph, Mr. Chen will buy 8A and 12 B goods.

so Budget constraint is here express as

24 = 8 × $1.50 + 12 × 1.00

so here

MRS = \frac{PB}{PA}  rule  of equilibrium

so here MRS is

MRS = \frac{8}{12}      

\frac{PB}{PA} =  \frac{1.00}{1.50} = \frac{2}{3}  

MRS = \frac{PB}{PA} = \frac{2}{3}

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Which is the most accurate statement about trade? a. Trade can make every person better off. b. Trade helps rich people and hurt
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Answer:

a. Trade can make every person better off.

Explanation:

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It could also trade becasue is the raw material of a finished product and it need more input for his facilities.

If a person or a party who is trading thinks is worse than before the trade, then it will stop trading so, as long as there is trade, both parties are better off after the trade.

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Some organizations take collaboration so seriously that they are changing the traditional office layout and replacing cubicles w
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Question options:

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b. Collaborative groups

c. Cooperative posses

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Answer:

d. Collaborative teams

Explanation:

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Net Present Value Analysis [LO12-2]
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Answer:

NPV = $-1,225.37

No. The return is less than 14%, because the net present value is negative

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-13,000

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To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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