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anzhelika [568]
3 years ago
8

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

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:
Lady bird [3.3K]3 years ago
6 0

Answer:

Yes, Bill's current consumption is optimal.

Explanation:

Bill's marginal utility per dollar is greater for hamburgers than Pepsi:

  • marginal utility per dollar of Pepsi = 2 utils per $1
  • marginal utility per dollar of hamburgers = 6 / $2 = 3 utils per dollar

Since Bill's marginal utility per dollar for hamburgers is higher than for Pepsi, he should keep consuming more hamburgers and less Pepsi.

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Jan, the manager at Direct, is a favorite with her employees because she has the ability to recognize and understand the emotion
pentagon [3]

Answer:

Other Awareness

Explanation:

Emotional Intelligence

This is simply defined as when an individual is capable of knowing or recognizing his or her emotion as well as that of other people. Ot aim to use emotions and to use information to aid their thinking and behavior.

A good leader should possess a good IQ as they are important to Leader effectiveness

The common five factors of Emotional Intelligence includes:

1. Self-awareness: This is simply to be able to recognize or understand your emotions and the effects you have on others.

2. Self-regulation: This is simply the ability to control or redirect unfavorable or bad impulses and moods.

3. Motivation: Itis a zeal to work for other reason, not just money

4. Empathy: knowing the emotional makeup of other people

5. Social skill: This is being able to manage relationships and building strong networks.

To have awareness for others simply entails the assumption of the idea of belief of others are as worthy as you until proven otherwise, networking and self expression.

8 0
3 years ago
Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
lorasvet [3.4K]

Answer: Professional benefits.

Explanation:

The company is able to make progress because of the professionalism of both the workers and their manager. An understanding exists between workers and their manager.

7 0
4 years ago
Read 2 more answers
Crane Company has these comparative balance sheet data:
algol13

Answer and Explanation:

A. Current ratio= current assets/current liabilities

= 33900+158200+135600/113000 = 2.9

B. Account Receivable Turnover = Sales/ Average account receivables

= 379100 -28000/158200+135600/2) = 2.39

c) Average collection period =

365/ account receivable turnover

= 365/2.39 =

152.72 days

D. inventory turnover = cost of goods sold / average inventory

= 203800/135600+113000/2 = 1.64

E. Days in inventory = 365/inventory turnover=

365/1.64 = 222.561 Days

F. Cash debt coverage

= cash from operating activities - dividend / total debt

= (58000 - 19600 )/(226000) = 0.17

G. Current cash debt coverage = net cash provided by the operating activities / average current liabilities

=58000 /113000 + 135600/2) = 0.467

H. Cash flow available = cash flow from operating activities - Capital Expenditure- Cash Dividend

$(58000-27500-19600)

= $10900

4 0
3 years ago
Suppose that salsa sells for $4 in year 1 and $5 in year 2. A bag of tortilla chips sells for $6 in year 1 and $5 in year 2. Fur
kumpel [21]

Answer:

$3,200

Explanation:

With 200 jars of salsa and 400 bags of tortilla chips sold in year 2,

Nominal GDP in year 2, is the value of total sales using year 2 prices

Therefore, Nominal GDP = (200 * 5) + (400 * 5)

= 1,000 + 2,000

= $3,000.

Real GDP in year 2 is the value of total sales using the prices of the base year (year 1, in this case)

Therefore, real GDP = (200 * 4) + (400 * 6)

= 800 + 2,400

= $3,200.

6 0
3 years ago
If AP sells the toaster ovens for $17 each, how many units will it have to sell to make a profit of $431,000 before taxes
Anna [14]

If $60,000.00 is the total sales from selling toaster ovens at $16.00 each, then the total units of toaster ovens sold would be 3,750.00 units. If expenses where given, say for example, 40% of the sales, with a profit before tax of $60,000.00, then total sales should be $84,000.00 equivalent to 5,250 units of toaster ovens.

5 0
3 years ago
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