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alekssr [168]
3 years ago
7

Kathryn is shopping and needs to choose a combination of pants and shirts to buy. She has a total of $24 to spend. Each pair of

pants costs $8 while each shirt costs $4. To help her, she makes a list of her total utility for different quantities of pants and shirts which is given below. If Kathryn wants to maximize her utility, how many pairs of pants and shirts should she buy?
Business
1 answer:
Elenna [48]3 years ago
5 0

Answer:

Total Utility from bundle A= 84

Total Utility from bundle B= 59+35= 94

Total Utility from bundle C= 31+66= 97

Total Utility from bundle D= 93

So he will buy 1 pairs of pants and 4 shirts.( Since her utility is maximized at bundle C)

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The safest way to dispose of old bank statements - or anything with sensitive information - is shredding them.
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3 years ago
A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took
Citrus2011 [14]

Answer:

Reduction in work in progress = $7500

Explanation:

given data

time = 10 hours

time = 15 hours

worth  = $1,500

to find out

reduction in work in process value

solution

we find work in progress   by this formula

work in progress  = Flow rate  × Cycle Time     .......................1

so Initial work in progress is

Initial work in progress   = (1 per hour)  × 10 hours = 10

and Final work in progress is here

Final work in progress   = (1 per hour) × 15 hours = 15

so

Initial work in progress   value = 10  × 1500

Initial work in progress   value= $15000

and

Final work in progress    value =15  × 1500

Final work in progress    value = $22500

so

Reduction in work in progress = $22500 - $15000

Reduction in work in progress = $7500

4 0
3 years ago
Which 3 should be entered as individual transactions, with their original dates, rather than entered using the initial journal e
Lerok [7]

a. Check to utility company for $87.26.

d. The three open invoices issued to the hair stylist.

e. Check to the telephone company for $54.19

Telephone expense, Utility expense and Rent Invoices issued to barbers require a new journal entry.

An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or other category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost.

Expenses are money that costs or must be spent to do something. Most of the marble was imported from Italy at great expense. Vacations with dogs can often come at an additional cost. It wasn't a lot of money, but it helped me pay my bills.

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6 0
2 years ago
A wealth gap is an economic difference between
horrorfan [7]

Answer:

B. Economic classes

Explanation: its correct on eadg

7 0
3 years ago
Read 2 more answers
Franklin Templeton has just invested $8,860 for his son (age one). This money will be used for his son’s education 18 years from
luda_lava [24]

Answer:

Future value (FV) = $57,908

Present value (PV) = $8,860

Number of years (n) = 18 years

Interest rate = ?

FV = PV(1 + r)n

$57,908 = $8,860(1 + r)18

$57,908 = $8,860(1 + r)18

<u>$57,908</u> = (1 + r)18

$8,860

6.535891648 = (1 + r)18

18√6.535891648 = 1 + r  

1.10993 - 1 = r

r = 0.10992 = 10.99%

Explanation:

In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.

8 0
3 years ago
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