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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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If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b
Llana [10]

Answer:

(C) Bonds Payable for $150,000

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable        150,000 credit

Discount on bonds   15,000  debit

When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

Bonds payable debit 150,000 debit

       Discount on bonds         15,000 credit

      Common Stock                       xx credit

      Additional paid.in                    xx credit

These makes option C correct

5 0
3 years ago
、HowTotalRevenueChangesWhenPriceChanges?PleaseusetheElasticityandDemand 订curvetoexplainit.​
Yakvenalex [24]
If price changes by a larger percentage than quantity demanded (i.e., if demand is price inelastic), total revenue will move in the direction of the price change. ... Demand is unit price elastic, and total revenue remains unchanged. Quantity demanded falls by the same percentage by which price increases.
6 0
3 years ago
Coca-Cola sells two different zero-calorie versions of Coke: Diet Coke and Coke Zero. It has chosen to attempt to appeal to men
skad [1K]

Answer:

The answer is market positioning.  

Explanation:

Market positioning is defined as the method to appeal to a specific market segment through certain marketing efforts. It is clear from the explanation that Coke Zero is targeted towards male customers – unlike Diet Coke which is intended for female; as shown by the product name. The male customer targeting is apparent from their ad campaign choices, which is meant to appeal to men.  

7 0
3 years ago
Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents
Veronika [31]

Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.

<h3>What is the opportunity cost of producing one watch?</h3>

The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.

This will therefore be the slope of the linear production possibilities curve which can be found as:

= (Y₂ - Y₁) / (X₂ - X₁)

Solving gives:

= (80 - 20) / (20 - 50)

= 60 / -20

= -2 clocks

This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.

In conclusion, the opportunity cost is 2 clocks.

Find out more on opportunity cost at brainly.com/question/481029.

#SPJ1

4 0
2 years ago
Which of these is not one of the 10 strategic om​ decisions?
FromTheMoon [43]
Marketing is not one of the 10 strategic decisions.

But the 10 strategic decisions are-
design of goods and services
managing quality
process strategy
location strategies
layout strategies
human resources
supply-chain management
inventory management
scheduling
maintenance
3 0
3 years ago
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