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weqwewe [10]
3 years ago
5

Miles is three years old and his grandparents have given him money to spend at the toy store as a birthday present. Miles' numbe

r one favorite thing to play with is building blocks. Assume that Miles' utility will increase by 100 units if he purchases a new set of building blocks and and it will cost him $50. His second favorite thing to play with is fire trucks. Fire trucks cost $20 and each new fire truck improves Miles' utility by 80 units. His third favorite toy is trains. Trains improve his utility by 15 units and cost $5 each. Miles does not have to spend all of his money at once, but wants to get as much happiness as possible from his money. If Miles buys only one toy, which should he buy to maximize his utility? building blocks a fire truck a train
Business
1 answer:
KATRIN_1 [288]3 years ago
7 0

Answer:

The correct answer is Fire trucks.

Explanation:

According to the scenario, the given data are as follows:

1. Building blocks buy = $50

Increase in units = 100 units

2. Fire trucks buy = $20

Increase in units = 80 units

( which means in $50 Fire trucks can be bought 2.5× existing units)

So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units

3. Trains buy = $5

Increase in units = 15

( which means in $50 Trains can be bought 10× existing units)

So, In $50 Trains increase in unit = 15 units × 10 = 150 units

Hence, Fire trucks will give the maximum utility.

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vlada-n [284]

Answer: <em>Option (a) is correct.</em>

Encounter Forms are referred to as printed forms which are utilized to record the charges, which are associated with a patient visit along with other useful information that is further required in order to bill insurance organizations. It also contains DOS, International Classification of Diseases, Current Procedural Terminology codes. These help to save time and record all charges from patient visits.

5 0
3 years ago
Which of the following statements about Hfr cells and bacterial conjugation is false? An Hfr cell becomes an F- cell if its inte
Basile [38]

Answer:

An Hfr cell becomes an F- cell if its integrated F plasmid is excised.

Explanation:

In a typical bacteria chromosome movement by the cells of the high-frequency recombination, there is the movement of a segment of the genome of the specific bacterial. It is also unlikely for the complete movement of the conjugate. Therefore, based on all the available options in the problem above, the false statement is the first option.

6 0
2 years ago
. A company's beginning work in process inventory consisted of 20,000 units that were one-fifth complete with respect to direct
Elden [556K]

Answer:

The correct answer is D. 86,000

Explanation:

<u>Units in production </u>

Beginning WIP                      20,000 x 4/5 =  16,000( one-fifth complete,  so 4/5 to complete )

Started and completed        60,000

Ending WIP                            30,000 x  1/3=10000   one-third complete

Total units  86,000

6 0
3 years ago
Why markets can only supply private goods efficiently?
kirill [66]
<span>Private good is a product and/or service produced by a private business and purchased to increase the utility and/or productivity of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined by the market forces of supply and demand. Private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person's use of a product reduces the amount available for use by another. In practice, private goods exist along a continuum of excludability and rivalry and can even show only one of these traits.</span>
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3 years ago
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Answer:

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Explanation:

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Then, following the concept of regression to the mean,<em> if a mutual fund performed badly on the last period, it is likely to perform even worse in the current period</em>. Thus, the online investment blogger is wrong.

7 0
2 years ago
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