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Dmitry [639]
3 years ago
13

Alex has allocated his income in such a way that the marginal utility of the last unit of product X he consumes is 40 utils and

that of the last unit of Y is 16 utils. If the unit price of X is $5, then the price of Y must be
Business
1 answer:
GalinKa [24]3 years ago
6 0

Answer:

Price of y(Py)=$2 per unit

Explanation:

Marginal utility can be defined as the additional utility of a consumer as a result of the additional unit of goods consumed.

Let

Marginal utility of x= MUx

Marginal utility of y=MUy

Price of x=Px

Price of y=Py

Given

MUx=40 utils

MUy=16 utils

Px=$5

Py=?

Then,

MUx/Px=MUy/Py

40utils/$5=16 utils/Py

8 utils/$ =16utils/Py

Make Py subject of the formula by cross multiplying

Py×8= 16

Py=16/8

Py=$2 per Unit

Price of y=$2 per unit

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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them ar
yuradex [85]

The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.

What is Quasi-contract terms?

  • When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
  • A court enacts it to address a situation where one party gains something at the expense of the other.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.

To know more about Quasi-contract visit:

brainly.com/question/27993061

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5 0
2 years ago
Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w
irina1246 [14]

Answer:2 : 1

Explanation:

current ratio = current asset/current liability

If current liability was $900,000 less $100,000= $800,000

Therefore the current ratio=

$1,700,000/$800,000 =

2 : 1

3 0
3 years ago
Read 2 more answers
Ricky is 35 years old. He plans to retire when he is 63. He has opened a retirement account that pays 3.2% interest compounded m
Anna11 [10]

Answer:

Amount received = 217,043.56 (Approx)

Explanation:

Given:

Monthly deposit = $400

Interest rate = 3.2% / 12 = 0.002667 per month

Number of year = 63 year - 35 year = 28 year

Number of period = 28 × 12 month = 336 month

Computation:

Amount \ received = PMT[\frac{(1+r)^n-1}{r} ]\\\\Amount \ received = 400[\frac{(1+0.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{(1.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{2.44713794-1}{0.002667} ]\\\\Amount \ received =400[\frac{1.44713794}{0.002667} ]\\\\Amount \ received =400[542.608901]\\\\Amount \ received =217,043.56\\\\

Amount received = 217,043.56 (Approx)

7 0
3 years ago
Happy​ Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Workminusinmin
sertanlavr [38]

Answer:

80 % of materials ;  43 % of conversion costs

Explanation:

The FIFO method traces equivalent units for materials and conversion costs for the following categories :

  1. Opening Work in Process units
  2. Units started and completed
  3. Ending Work in Process units

So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).

All these physical units need to be expressed to the percentage of work done on them - equivalent units.

The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.

4 0
3 years ago
Problem:Water flows from a bathroom tap at a rate of 2 gallons every 6 seconds. Questions At this rate,how many minutes will it
katrin2010 [14]

Answer:

4 minutes.

Explanation:

The rate of flow from the tap is 2 gallons every six second

which comes out to be 1 gallons per 3 seconds.

so for 80 gallons we can simply

3  * 80 = 240 which is 240 seconds.

Thus it would take 4 minutes to fill up the 80 gallon tub.

4 0
3 years ago
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