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Hunter-Best [27]
2 years ago
7

A consumer has ​$140 in monthly income to be spent on two goods Z and B. The price of good Z ​(Pz​) is ​$6.00. The Marginal Rate

of Transformation​ (MRT) is equal to minus2. That is 2 units of good B can be traded for 1 unit of good Z. What is the price of good​ B? ​$ nothing ​(round your answer to the nearest ​penny). How many units of good B can be purchased if all income is used for that​ good? nothing units ​(round your answer to two decimal ​places).
Business
1 answer:
romanna [79]2 years ago
5 0

Answer:

3 and 46.67 units

Explanation:

The formula and the computations are shown below:

The price of good B is

= {The price of good Z (Pz)} ÷ {Marginal rate of transformation}

= {$6} ÷ {2}

= 3

Now the number of units to be purchased for all income used is

= (Monthly income spent on two goods) ÷ (price of good B)

= ($140) ÷ (3)

= 46.67 units

By applying the above formula we can find out the price of good B and the number of units purchased

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D , because liability means to be responsible for something, especially by law.
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aksik [14]

Answer:

Triangular Arbitrage

Explanation:

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I hope this helps.

6 0
2 years ago
Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta
kari74 [83]

Answer:

D : common stock of $1,000,000

Explanation:

Hadley Corporation

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Hence:

200,000 x $5

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8 0
3 years ago
The company that relies on computer and telecommunications technologies instead of physical presence for communication between e
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Answer:

A remote company or Telecommuting company

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7 0
3 years ago
Tracy consumes dress shoes​ (D) and casual Crocs​ (C). Her marginal utility from consuming casual Crocs is MU Subscript Upper CM
Llana [10]

Answer:

The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.

Explanation:

From the question,

Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50

Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes

Optimal bundle is determined where MRS = Price ratio

MRS = MUC/MUD = 20DC/10C2 = 2D/C

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7 0
3 years ago
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