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Jlenok [28]
3 years ago
12

Assume a consumer can buy two goods, A and B, and that the prices are Pa and Pb respectively. The marginal utility of A is MUa a

nd that of B is MUb. Which of the following expressions represents consumers' optimum utility maximization?
a. MU=MUbb. MUa × PA=MUb × Pbc. Pa/Pb=MUa/MUbd. PA × PB=MUa × Mube. MUa/MUb
Business
1 answer:
Veseljchak [2.6K]3 years ago
7 0

Answer:

(c) MUa/Pa = MUb/Pb

Explanation:

The Utility Maximization Rule is

MUa/Pa = MUb/Pb, where MUa represents the marginal utility derived from good a, Pa represents the price of good a, MUb represents the marginal utility of good b and Pb represents the price of good b.

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Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:
ElenaW [278]

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

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Now we multiply by the actual volume:

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Now we do flexible budget - actual cost = variance

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It is favorable, as the cost where less than expected.

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<h3>What is a comparative market analysis?</h3>

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Complete question

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA?

A) The CMA is the same as an appraisal

B) A CMA is an estimate of value and an appraisal is exact value

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D) A CMA is not an appraisal - and should not be advertised as one

Read more on market analysis here;brainly.com/question/17246850

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