1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What is the process of converting illegally earned assets to conceal their origin?
Salsk061 [2.6K]
Its Money laundering
3 0
3 years ago
Read 2 more answers
rite a research-based argumentative essay for or against the importance of standing up to an injustice such as bullying.
Mekhanik [1.2K]

Answer:

It is important to stand up to bullying for a number of reasons. You may think it's better to not get involved but staying neutral always helps the oppressor. You should not let someone suffer and watch as someone else puts them in physical or psychological pain every day, it is good to stand up for what is right. You may even make a life-long best friend. So stand up for what's right and don't stay neutral so the oppressor can continue to victimize someone.  

Explanation:

Hope this helps! :)

7 0
3 years ago
What is the basic equation of an income statement? Select one: a. Assets = Revenues – Expenses b. Net income or loss = Revenues
Mashutka [201]

Answer:

c. Assets = Liabilities + Equity

Explanation:

Assets = Liabilities + shareholders equity is also known as the balance sheet equation.

It is the basis for the double-entry bookkeeping system

7 0
3 years ago
A team has prepared and estimate for what it can get accomplished in a Sprint. The Product Owner has wanted more to get accompli
Dmitry_Shevchenko [17]

Answer: ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint.

Explanation:

The options to the question are:

a. ScrumMaster should replan the Product Backlog and propose better user stories to address in the Sprint.

b. ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint.

c. Stay out of the way as this is not the ScrumMaster's job to resolve.

d. ScrumMaster should ask the team to take the story on and work overtime.

From the question, we are informed that a team has prepared an estimate for what it can get accomplished in a Sprint and that the Product Owner has wanted more to get accomplished in the upcoming Sprint and therefore wants the team to take on an additional user story.

The best way to tackle this conflict is for the ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint. Since an estimate has already been prepared, taking an additional user story will bring about an overestimation. Therefore, to being the right track, the thing to do is to actually give up a user story for the new one to be added.

4 0
3 years ago
Outline a compensation package that you would consider ideal in motivating an employee, recognizing performance, and assisting t
Black_prince [1.1K]

Answer:

Job promotion and official recognition in form of an award are the motivational package I will give to the employee

Explanation:I

If an employee's performance after appraisal and due diligence is commendable because of its contribution to our organization goals, intrinsically, such person deserves to be promoted to a higher rank because his contributions are not premised on lip service and service seeking recognition.

On the contrary, when an employee's performance is premised on extrinsic factors after conducting necessary appraisal, such an employee simply does that because of the reward he or she seek, and not necessarily the passion attaches to the job. Hence, such employee can be given material compensation which can be monetized but not necessarily a job promotion.

5 0
3 years ago
Other questions:
  • Wild Trails Inc., an adventure resort in Texas, has 500 shares of outstanding common stock and has not issued any preferred stoc
    12·1 answer
  • The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,290. The year end is March 31. Jo
    9·1 answer
  • Why is ADS low this week
    14·1 answer
  • Under what condition will a monopoly firm incur losses?
    7·1 answer
  • Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
    11·1 answer
  • List the steps in the PACED decision-making process.
    9·1 answer
  • On January 1, Year 2, Grande Company had a $66,800 balance in the Accounts Receivable account and a $2,000 balance in the Allowa
    11·1 answer
  • On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on
    9·1 answer
  • What is the income flow associated with labour?
    9·1 answer
  • Explain two business objectives a business might have<br><br> Will give BRAINLIEST
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!