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Nikolay [14]
3 years ago
11

In May and June, Tammy spent all her clothing budget on bathing suits and beach bags. Each bathing suit cost $75. At Tammy’s opt

imal choice, her marginal utility from the last bathing suit purchased is 300 and her marginal utility from the last beach bag purchased is 200. This means that each handbag must cost:
$25

$100

$50
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

Each handbag must cost: $50

Explanation:

Goods :

Bathing suits – Price = $75

Beach bags – Price = ?

At the optimal choice (means equilibrium condition) ,

Marginal utility of last bathing suit purchased = 300

Marginal utility of last beach bag purchased = 200

Our equilibrium condition is marginal utility of money expenditure of both the goods must be equal.

MU of Bathing suits ÷ Price of Bathing suits = MU of Beach bags ÷ Price of Beach bags

300 ÷ $75 = 200 ÷ Price of Beach bags

4 = 200 ÷ Price of Beach bags

Price of Beach bags = 200 ÷4

                                  = $50

Each handbag must cost: $50

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Answer:

The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.

Explanation:

To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.

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3 years ago
30) The theme dominating global financial markets today is the complexity of risks associated with financial globalization. List
ZanzabumX [31]

Answer and Explanation:

The following are the examples:

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6 0
2 years ago
What role does budget play and why exhibiting responsible money management behavior is important to reaching future financial go
larisa [96]

Answer:

Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.

Explanation:

7 0
3 years ago
La. A friend of yours, Grace, wants to purchase a house in five years. To save for the house, Grace decides to deposit $ 112,000
olchik [2.2K]

The balance in the savings account at the end of the 8th year (i.e., after 8 deposits) is  $99,256, and the interest earned on the 8 deposits is $27,256

The future value of annuity is a calculation that measures how a good deal a chain of fixed bills might be really worth at a specific date in the future whilst paired with a particular interest price. The word “value” in this term is the coin's potential that a sequence of future payments can gain.

The equation to find future value of the annuity:

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Future value is the value of a current asset at a future date based on an assumed fee of growth. The future price is vital to investors and economic planners, as they use it to estimate how an awful lot of funding made today may be worth it in the future.

Learn more about the future value of annuity here brainly.com/question/14702616

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2 years ago
What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
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