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
olasank [31]
3 years ago
6

Nick lives in San Diego and loves to eat desserts. He spends his entire weekly allowance on jello and pie. A bowl of jello is pr

iced at $1.25, and a piece of apple pie is priced at $3.75. At his current consumption point, Nick's marginal rate of substitution (MRS) of jello for pie is 3. This means that Nick is willing to trade three bowls of jello per week for one piece of pie per week. Does Nick's current bundle maximize his utility—in other words, make him as well off as possible? If not, how should he change it to maximize his utility?
Business
1 answer:
OlgaM077 [116]3 years ago
4 0

Answer:

Yes.

Explanation:

Market rate of exchange of jello for pie:

= Price of a piece of apple pie ÷ Price of jello

= $3.75 ÷ $1.25

= 3.00

At his current consumption point, Nick's marginal rate of substitution (MRS) of jello for pie = 3

Since MRS = Px/Py, hence, at this point of consumption bundle he is having a maximum level of utility.

Therefore, there is no need to change his consumption bundle because he is already at his maximum level.

You might be interested in
g One of the advantages to using common-sized income statements for analysis is _____________________ Group of answer choices a.
valina [46]

Answer:

b. comparisons between companies with drastically different levels of sales is made easier

Explanation:

  • An advantage of the common size income statement is that they help the financial users to understand more clearly interns of the ration or the percentage of each individual item in the economic statements the percentage of the total sales of the company.
7 0
3 years ago
Suppose that firm a dislikes hiring black accountants, while firm b is happy to hire them. so ted ends up working at firm b rath
egoroff_w [7]
<span>Regardless of the firm, most companies will do at least a bi-annual audit if not quarterly. In this case Ted would do the same amount of audits for either company, two to four depending on the companies frequency.</span>
6 0
3 years ago
According to most management researchers, the modern study of management originated in which century?
maks197457 [2]

Most management researchers believe that modern management studies originated in the <u>c. 18th century.</u>

<h3>Origins of modern management </h3>
  • Originated with the Industrial Revolution.
  • Originated as a means to make production more efficient.

The Industrial Revolution began in the 1700s or the 18th century and so we can conclude that modern management also started in the 18th century as well.

Find out more on<u> modern management</u> at brainly.com/question/4928239.

7 0
2 years ago
hich of the following is NOT one of the six questions that comprise the task of evaluating a company's resources and competitive
Vadim26 [7]

Answer:

The correct answer is "What are the company's most profitable geographic market segments?"

Explanation:

In order to research on the companys' resource and competitive position, a researcher does not need to ask questions related to the geographic market segments.

Geographic market segments refer to the geographical spread of the market of a company.

I hope the answer is helpful.

Thanks for asking.

4 0
3 years ago
The weather station model performs the invaluable function of ____________.
Greeley [361]

Answer:

Option B                                    

Explanation:

In simple words, Models of weather stations are visual representations displaying the weather taking place at a specified monitoring station. The stations design was developed by meteorologists that incorporate a variety of climate components into some kind of small area on satellite images.This model has been of high use to prepare for the natural calamtites in advance but it does not influence the project in any way.

4 0
3 years ago
Other questions:
  • Which is an example of a cultural block
    5·1 answer
  • If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
    5·1 answer
  • Explain whether the Statement of Cash Flows is able to illustrate the ‘liquidity’ of an entity to its users and provide ONE reco
    10·1 answer
  • What was a result of the Mexican-American War
    14·2 answers
  • Crane Company had these transactions during the current period. June 12 Issued 87,000 shares of $1 par value common stock for ca
    13·1 answer
  • You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.08 and the total
    14·1 answer
  • Perry Investments bought 2,000 shares of Able, Inc. common stock on January 1, 20X1, for $20,000 and 2,000 shares of Baker, Inc.
    9·1 answer
  • Choose the best answer to fill in the blanks. When writing for business, it is important to be _______ and make sure that you al
    11·1 answer
  • Four brokers decided to collaborate and refuse to show any of the properties listed by a new broker in the area in an effort to
    5·1 answer
  • Explain why the income statement and the statement of cash flows are dated "For the Year Ended December 31, " whereas the balanc
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!