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babymother [125]
3 years ago
6

Assume you spend all of your income on two goods: peanuts and chips. Also assume that you are consuming the combination of peanu

ts and chips that maximize your utility. Which of the following statements is true?a. if the price of peanuts is equal to the price of chips, then the marginal utilities must also be equalb. if the price of peanuts is less than the price of chips, then the marginal utility of peanuts is more than the marginal utility of chipsc. the marginal utilities of the two goods and their prices are not related
Business
2 answers:
Effectus [21]3 years ago
3 0

Answer:

The correct answer is option a.

Explanation:

In the consumption of two commodities, the total utility is maximized when the ratio of marginal utility and price of the product is the same for both the goods.  

A person is consuming two goods, peanuts and chips. The individual is able to maximize total utility. If the price of peanuts and chips are equal, this means that the marginal utilities derived from the consumption of these two must be equal.  

ollegr [7]3 years ago
3 0

Answer:

uwu the answer is A)

Explanation:

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3 years ago
Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on _______.
lubasha [3.4K]

Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on the terminal value used.

What is intrinsic value of stock?

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4 0
1 year ago
The ending balance of accounts receivable was $74,000. Sales, adjusted to a cash basis using the direct method on the statement
denpristay [2]

Answer:

The beginning balance in accounts receivable was: $47,500

Explanation:

Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.

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