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Annette [7]
3 years ago
9

Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She

buys 8 units of Alpha and 12 units of Beta. The marginal utility of Alpha is 40 and the marginal utility of Beta is 20. This indicates that:____________
a) Ellie should make no change in consumption
b) Given another dollar, Ellie should buy an additional unit of Beta
c) In order to maximize utility, Ellie should buy more of Beta and less of Alpha
d) In order to maximize utility, Ellie should buy more of Alpha and less of Beta
Business
1 answer:
tresset_1 [31]3 years ago
5 0

Answer: The correct answer is "d) In order to maximize utility, Ellie should buy more of Alpha and less of Beta".

Explanation: This indicates that i<u>n order to maximize utility, Ellie should buy more of Alpha and less of Beta, b</u>ecause the alpha product gives Ellie a greater utility than the beta product, so since each product is worth $ 1, to maximize its utility Ellie should buy as many Alpha products as she want until the utility she get by buying one more of these is less than the utility she would get from buying a Beta product.

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Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and i
Annette [7]

Answer:

D. financial accounting information.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). These accounting informations are prepared and made available for investors and other external agencies. Examples of financial statements includes Balance sheet, cash-flow and income statement.

In this scenario, Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance.

Hence, Connie is examining the financial accounting information.

4 0
3 years ago
Which task would most likely be completed by a fraud examiner? Supervise staff members to monitor their progress. Prepare docume
Degger [83]

I believe the answer is: Prepare documents to present in court as evidence.

Fraud examiners refer to the people whose main duty is to conduct a through investigation regarding dishonest practice that conducted by a certain organizaion. Preparing documents to be presented in court is part of their final task after various data/evidence regarding the fraud has been gathered.

8 0
4 years ago
Which of the following is NOT an important business process for managing the supply chain?
Dimas [21]

Answer: C. Responding to customer request promptly

Explanation: Supply chain management is the process of coordination of all incoming(inbound) and all outgoing logistics on order to ensure that the manufacturing operations are effectively handled. Supply chain management also involves management of process technology by ensuring that all spare parts and equipment are provided to ensure that manufacturing (Batch or continuous) is done properly.

7 0
4 years ago
Suppose the quantity x of Super Titan radial tires made available each week in the marketplace is related to the unit-selling pr
Aleonysh [2.5K]

Answer:

dx/dt = -3/5 time/week.

Explanation:

p-x^2/2=48\\x^2 = 2(p-48)\\x^2=2p-96

differentiating both sides w.r.t t time.

2x(dx/dt)=2dp/dt\\dp/dt=xdx/dt\\

given dp/dt=-3\\x=5\\\\

dx/dt =-3/5 times / week

6 0
3 years ago
Read 2 more answers
Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wan
Mama L [17]

Answer:

Logan Horse Ranch

The most accurate is:

e. None of the above are correct

Explanation:

Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible.  Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour.  With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct.  This leaves only option E as the most accurate.

3 0
3 years ago
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