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mestny [16]
3 years ago
11

Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel​ = $4 an

d the price of an audio book​ = $8. If the marginal utility of the last novel was 32 units of utility​ (utils) what was the marginal utility of the last audio book​ purchased? A. 2 utils B. 12 utils C. 16 utils
Business
1 answer:
melamori03 [73]3 years ago
7 0

Answer:

None of the answers is correct, it should be 64 utils

Explanation:

If Barry's utility from consuming a used novel is 32 utils and the book costs $4, he was able to get 8 utils per dollar (= 32 / $4).

If an audio book costs $8, then Barry should obtain $8 x 8 utils per dollar = 64 utils.

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Suppose that JVC is trying to decide how to price a new stereo system composed of a receiver, CD player, and speakers. The compa
Kisachek [45]

Answer:

The answer is "Receivers= 200, CD player= 75,  Speaker= 250 , and Combined ( bundling )= 500".

Explanation:

As a Receiver    

If the value of P = 250, purchase only by students then,  

TR = 250 × 10,000 = 2,500,000  

If the value of P = 200, buy by  both forms  

TR = 200×(60,000) = 12,000,000  

And higher TR,

P = 200,  

For the receivers fee of P = 200  

Player CD  

Where the value of P = 150  

TR = 150 × 10,000 = 1,500,000  

If P = 75,  

TR = 75×(60,000)  

Superior TR with P = 75,  

Rapporteurs,  

If P = 100, buy both

TR = 6,000,000

TR= 100 × (60,000)  

If P = 250, then buy only the club owner

TR = 250 × 50,000

TR= 12,500,000    

So taller TR with P = 250  

Then the will to pay combined  

250 + 150 + 100 = 500 For students  

For club members, 200 + 75 + 250 = 525  

So if P = 500, you buy both forms  

TR = 500 × 60,000 people  

= 30,000,000  

If only club owners buy P = 525, then  

TR = 525 ×50,000

TR= 2,650,000

The higher TR for P is 500.

5 0
3 years ago
Why is it important to be fiscally responsible?
motikmotik
So you can have food, shelter and help your damily
6 0
3 years ago
International organizations prefer to rely on Blank______ for measuring the value produced in an economy.
Ilia_Sergeevich [38]

Answer:

I thinks it's gross national income

Explanation:

I am guessing

3 0
2 years ago
Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock
FromTheMoon [43]

Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles  Debit              Credit  

Jan. 1 Cash               $618,000  

    9%  Bonds payable                             $600,000  

      Premium on Bonds payable             $18,000

Calculation

Cash = 600,000 x 103% =$618,000

   

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles     Debit             Credit  

Dec. 31 Interest expense    $53,100  

Premium on Bonds payable     $900  

       Interest payable                             $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record  The payment of interest on January 1, 2021.     Date Account Titles           Debit       Credit  

Jan. 1 Interest payable        54000  

                    Cash                                     54000  

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.  

Date Account Titles and Explanation Debit      Credit  

Jan. 1, 2 Bonds payable                      $600,000  

       Cash                                                            $600,000

5 0
3 years ago
Voluntary exchange refers to an act of trading between individuals that makes both parties to the trade subjectively better off.
Bond [772]
The answer would be A. True
6 0
3 years ago
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