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
In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual
Nesterboy [21]

Answer:

12

Explanation:

5 0
2 years ago
Talk about your experience as a leader of a team at school?
Lera25 [3.4K]
It was very good I lead them army of students at a football team
8 0
2 years ago
Read 2 more answers
1) Banks hold excess and secondary reserves to
o-na [289]
1) Banks hold excess and secondary reserves toA) reduce the interest-rate risk problem.


2) Which of the following statements most accurately describes the task of bank asset management?
b. Banks seek to have the highest liquidity possible subject to earning a positive rate of return on their operations.

3) The goals of bank asset management include
d. purchasing securities with high returns and low risk.

Hope this helps. Have a nice day.
6 0
3 years ago
What should the certified volunteer preparer do before starting the tax return?
Aleonysh [2.5K]

Taxpayers can use various services that are offered through Volunteer Tax Assistance(VITA) and Tax Counseling for the Eldery(TCE) Programs for Paying there taxes.

Explanation:

The most Basic Component of preparing an accurate /appropriate tax return by a certified volunteer begins by

  • First,explaining the Tax preparation process to the Tax payer.
  • Secondly,Completing all the questions on F 13614-C
  • Thirdly ,paying attention to the tax payers queries and asking the right questions

The answer for the above mentioned question is (A) the certified volunteer should make sure all questions on Form 13614-C are answered before starting the tax return.

5 0
3 years ago
Which two main categories can an organization fall into that would require them to comply with hipaa rules?.
Klio2033 [76]

The main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

<h3>What is HIPAA rule?</h3>

HIPAA rule simply means national standards to protect individuals medical records and other health information.

In this case, the main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

Learn more about HIPAA rule on:

brainly.com/question/11069745

4 0
2 years ago
Other questions:
  • Madrid Company plans to issue 8% bonds with a par value of $4,000,000. The company sells $3,600,000 of the bonds at par on Janua
    9·1 answer
  • Benjamin co. has three products a, b, and c, and its fixed costs are $67,200. the sales mix for its products are 3 units of a, 4
    14·1 answer
  • You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead
    7·1 answer
  • Why were US workers against the ratification of the North American Free Trade Agreement (NAFTA) in 1992?
    8·2 answers
  • Use the​ high-low method to determine the​ hospital's cost equation using nursing hours as the cost driver. Predict total overhe
    13·1 answer
  • In three to four sentences, explain how an increase in government spending can increase the national debt.
    9·2 answers
  • Altima, Inc. finished Job A40 on the last working day of the year. It utilized $ 360 of direct materials and $ 2 comma 030 of di
    6·1 answer
  • A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve Upper S 2 to ______________.
    11·1 answer
  • Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of m
    5·1 answer
  • Explain how insurance companies use risk pooling to generate a profit for their
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!