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Helen [10]
4 years ago
8

Bill uses his entire budget to purchase Pepsi and​ hamburgers, and he currently purchases no Pepsi and 6 hamburgers per week. Th

e price of Pepsi is​ $1 per​ can, the price of a hamburger is​ $2, Bill's marginal utility from Pepsi is​ 2, and his marginal utility from hamburgers is 6. Is​ Bill's current consumption decision​ optimal
Business
1 answer:
scoundrel [369]4 years ago
4 0

Answer:

The answer is: Yes, Bill's consumption decision is optimal.

Explanation:

Bill's marginal utility from consuming Pepsi is 2 units and Pepsi costs $1. So for every dollar Bill spends in Pepsi, he gets 2 units of utility.

Bill's marginal utility from consuming hamburgers is 6 units and each hamburger costs $2. So for every dollar Bill spends in hamburger, he gets 3 units of utility.

Bill's total budget is $12, and he gets 36 units of utility by consuming hamburgers. If he consumed Pepsi, he would get only 24 units of utility with the same budget.

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In the Keynesian-cross analysis, if the consumption function is given by C = 20 + 0.7 (Y – T), and planned investment is 100, G
Lyrx [107]

Answer: 500

Explanation:

At equilibrium, it should be noted that,

Y = C + I + G

where ,

C = Consumption = 20 + 0.7(Y - T)

I = Investment = 100

G = Government expenditure = 100

Y = C + I + G

Y = 20 + 0.7(Y - 100) + 100 + 100

Y = 20 + 0.7Y - 70 + 200

Y - 0.7Y = 150

0.3Y = 150

Y = 150/0.3

Y = 500

7 0
3 years ago
Flannigan Company manufactures and sells a single product that sells for $620 per unit; variable costs are $372. Annual fixed co
pashok25 [27]

Answer:

$248 per unit

Explanation:

Given that

Selling price per unit = $620

Variable cost per unit = $372

Fixed cost = $868,000

Current sales volume = $4,370,000

The formula and the computation of the contribution margin per unit is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $620 - $372

= $248 per unit

4 0
3 years ago
What will you do to run a presentation from a computer on which you did not prepare the presentation, and how?
Nataly_w [17]

Answer:

You can use a drawing software. It usually included without having to download the new one.

Explanation:

Without preparation, you wouldn't have enough time to actually make a good graph or selective image to aid you with the presentation.

One way to handle this is by extending your monitor to a projector and use a drawing program.

The drawing program provide you with the ability to create simple shapes and free-pen tools. So, as you explain your material to the audience, you can draw assisting image to help get your point across. This will be similar to a whieboard that your teacher use to explain material in high school.

That's being said, this method wouldn't be as effective compared to actually making preparation beforehand.

4 0
3 years ago
Read 2 more answers
Which of the following is true of a pure monopoly? Group of answer choices
PilotLPTM [1.2K]

Answer:

The answer is A

Explanation:

Pure monopoly can raise the market price indefinitely due to the fact that the market structure is characterized by a single seller or manufacturer, selling a particular product in the market. In a pure monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. This in-turn leads to the customers being at the mercy of the seller.

8 0
3 years ago
Cheryl is watching the weather forecast for an outdoor senior picnic project that she planned to determine whether the picnic wi
ch4aika [34]

Answer:

Monitoring and Controlling

Explanation:

Note that, in Project management  process stages there are typically five phases:

  1. initiating,
  2. planning,
  3. executing,
  4. controlling and
  5. closing.

However, from this scenario in which Cheryl is watching the weather forecast for an outdoor senior picnic project, it shows that she is monitoring and trying to control all aspects of the planned picnic project against the risk of bad weather.

4 0
3 years ago
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