Answer:
Jessica should consume more of good A.
Explanation:
Jessica spends all her income on two goods, A and B.
The price of A is $5, and the price of B is $7.
At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.
The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.
The ratio for Good A
= ![\frac{10}{5}](https://tex.z-dn.net/?f=%5Cfrac%7B10%7D%7B5%7D%20)
= 2
The ratio for good B
= ![\frac{21}{7}](https://tex.z-dn.net/?f=%5Cfrac%7B21%7D%7B7%7D%20)
= 3
Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.
Answer:
The best batch size for this item is 400 units.
Explanation:
As given Annual demand (D)=1000 units, Carrying cost (H)=$10 per unit, set up cost (S)=$400.
As per the production order model formula will be:
\sqrt{2}D*S/H[1-d/p]} .
d for week=1000/50
=20. p per day
=40 units/7 days.
=5.71
d per day = 20/7
=2.85
Therefore on applying all these:\sqrt{}2*1000*400/10[1-2.85/5.7.
on solving this we will get 400 Units
Therefore, The best batch size for this item is 400 units.
Answer:
Inflation rate= 0.03 = 3%
Explanation:
Giving the following information:
Nominal interest rate= 0.05
Real interest rate= 0.02
<u>To calculate the inflation rate, we need to use the following formula:</u>
Real interest rate= nominal interest rate - inflation rate
Inflation rate= nominal interest rate - real interest rate
Inflation rate= 0.05 - 0.02
Inflation rate= 0.03 = 3%
Answer: (B) Operational accountability
Explanation: Government-wide financial statements report all financial transactions for the government over the year and usually includes a Statement of Net Position and a Statement of Activities, the sense is report on the government as a whole, These statements are generally used for state and local governments, balances are included too but not necessary.