Answer:
No to be in an optimal solution the marginal utility fo both consumer goods should be equal.
As the utility for humus is greater than yougurt it should add more humus to their consumer bag until adding units of any of these gets the same utility
Explanation:
Answer: $2.50
Explanation:
We all know that national defense is a non excludable and no rival good which means that one person cannot exclude others from consuming it and the consumption level of national defense remains the same for all the citizens, it will not be reduced from the consumption of one individual.
It was given that each person values every dollar that is contributed towards national defense is at %0.25.
Therefore, if Bob contributes $10 to the national defense fund then his personal valuation of the increase in the fund is only (0.25 × 10)= $2.50.
In this problem, you are given the amount of direct materials
that was purchased by the company which is $6,184.
To record the purchase of the direct materials, the journal
entry would be:
Materials $6,184
Cash $6,184
To record the usage of the direct materials to production,
the entry would be:
Work in Process $6,184
Materials $6,184
Answer:
They will have $4,281.61 at the end of second year.
Explanation:
This is an annuity problem. Use formula for finding FV of annuity to get the correct answer
FVA=
PMT=170
r = 0.05/12= 0.0041667
n = 2*12= 24 months
FVA=