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Afina-wow [57]
3 years ago
11

Gillian is consuming her optimal consumption bundle of peanuts and raisins. The marginal utility associated with the last peanut

she consumes is 4 utils, and the marginal utility associated with the last raisin is 2 utils. What must be the price of peanuts relative to that of raisins?
Business
1 answer:
olchik [2.2K]3 years ago
3 0

Answer: The price of peanuts realitve to that of raisins must be 2.

Explanation: Mathematically, relative prices are defined as:

Relative price of Good A with respect to Good B = Price of A / Price of B

So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins

...

<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>

<u></u>

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On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payabl
Scorpion4ik [409]

Answer: $3,704,040

Explanation:

The issue/ selling price of a bond is calculated by the formula:

= Present value of coupon payments + Present value of face value

The coupon payments will be an annuity and in cash terms are:

= 8% * 4,500,000

= $360,000

Selling price:

= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)

= (360,000 * 5.889) + (4,500,000 * 0.352)

= $3,704,040

7 0
3 years ago
Which problems does Jason seem to face as an entrepreneur? Jason currently runs a small manufacturing business. Jason's parents,
V125BC [204]

Answer:

driven,passion

The main problem is that Jason is not . DRIVEN , energetic enough to succeed in the manufacturing business because he lacks PASSION for it.

Explanation:

Check the question here;

Which problems does Jason seem to face as an entrepreneur? Jason currently runs a small manufacturing business. Jason’s parents, who ran the business for years, handed over the business to their only son two years ago. However, Jason is not interested in his family business, and his performance as an entrepreneur has been very poor. The main problem is that Jason is he's not 1. competitive 2. driven 3. energetic enough to succeed in the manufacturing business because he lacks the 1. passion 2. creativity 3. determination for it.

✓The main problem is that Jason is not "driven"

To be successful as entrepreneur, one must be driven, a goal-oriented, portrait some consistent set of personality traits, one must be able to set goals and be driven by it in order to be successful, and thsese are what Jason lacks,

✓Jason is not energetic enough to succeed in the manufacturing business because he lacks the " passion"

Passion is the compelling or strong feeling for particular thing/work/entities. It gives some inner energy to someone towards acheiving his goal. This is what Jason lack that made him not to succeed in his manufacturing business.

6 0
3 years ago
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direc
frez [133]

Answer:

Accounting equation is as follows:

        Assets               =               Liabilities                +       Stockholder's equity

(a) Cash  $3,940                Notes payable  $3940

(b) Cash  $4,630                                                             Common stock  $4,630

(c) Equipment $1,000

     Cash (-$200)               Notes payable(ST) $800

(d) Supplies $300

      Cash (-$300)

(e) Supplies $700             Accounts payable $700

7 0
3 years ago
Read 2 more answers
Managers shift gears quickly and therefore, the average time spent on any one activity is less than _____. a. an hour b. a half
vivado [14]

Answer:

e.nine minutes.

Explanation:

A manager in an organization has a lot of responsibilities.There are a lot of employees working under the manager.So a manager is a very busy person.So they have to take care of a lot of things.

Hence Managers shifts gears very quickly so the average time spent on one activity is around nine minutes.

8 0
3 years ago
Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of $500. If she produced one more p
jekas [21]

Answer:

Marginal cost is rising.

Explanation:

Given that,

Jill Johnson currently produces = 10,000 Pizzas per month

At a total cost = $500

Marginal cost refers to the cost of producing one more unit of a commodity to satisfy a given want.

Average total cost = $500 ÷ 10,000

                               = $0.05

Here, Marginal cost of producing pizzas is as follows:

= Total cost of producing 10,001 pizzas - Total cost of producing 10,000 pizzas

= $500.11 - $500

= $0.11

Therefore, marginal cost of producing an additional pizza is $0.11 and it is rising, since average total cost is less than marginal total cost and ATC rising.

4 0
3 years ago
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