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evablogger [386]
3 years ago
7

Consider the optimal consumption bundle for a consumer who is choosing between two goods, x and z, which she considers perfectly

substitutable for one another. In particular, her utility function from a bundle with qx units of good x and qz units of good z is given by u(qx,qz)
Business
1 answer:
Dimas [21]3 years ago
7 0

Answer: Please refer to the explanation section

Explanation:

When a consumer is choosing between two goods which are considered to be perfect substitutes , the optimal bundles choice will be the number of good x and good z that will yield maximum utility is found the ratio of Marginal utility of good x and marginal utility of good z equals the ratio of the Price of good x and the price of good z or The Marginal utility of good x per dollar must be equal to the marginal utility of good z per dollar.

Marginal Utility of good x = MUx

Marginal Utility of Good z = MUz

Utility function = U(qx,qz)

qx and qz maximises U(qx,qz) when

\frac{MUx}{MUz} = \frac{Px}{Pz}   or  \frac{MUx}{Px}  = \frac{MUz}{Pz}

When she receives the same marginal utility per dollar in good x and good y, utility is maximized

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Letter E is correct. The indirct approach.

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The business case for why companies should act in a socially responsible manner includes: Select one: a. It generates internal b
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Answer:

d. All of the above

Explanation:

All alternatives are correct due to the fact that when a company acts in a socially responsible manner, it achieves several internal and strategic benefits that help in the success of the business.

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6 0
3 years ago
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following u
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Answer:

Bens Corporation

Allocation of Service Departments' Direct Costs:

                               Repairs        HR           IT          M1         M2           Total    

Direct costs          $36,000  $55,600  $81,000                              $172,600

Step allocation:

HR direct costs        5,560   -55,600      11,120    19,460    19,460              0

IT costs                            0              0   -92,120    20,471     71,649              0

Repairs costs        -41,560              0             0    16,624    24,936              0

Total costs allocated      0              0             0 $56,555 $116,045 $172,600

Explanation:

a) Data and Calculations:

Usage data:

                      Repairs     HR       IT     M1      M2

Repairs                            0%     0%   40%   60%

HR                     10%       __     20%   35%   35%

IT                        0%       10%    __     20%   70%

HR Costs = $55,600:

Repairs = $5,560 ($55,600 * 10%)

IT = $11,120 ($55,600 * 20%)

M1 = $19,460 ($55,600 * 35%)

M2 = $19,460 ($55,600 * 35%)

IT costs = $92,120:

Repairs = $0 ($92,120 * 0%)

M1 = $20,471 ($92,120 * 20/90)

m2 = $71,649 ($92,120 * 70/90)

Repair costs = $41,560:

M1 = $16,624 ($41,560 * 40%)

M2 = $24,936 ($41,560 * 60%)

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Answer:

$8,586,000

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since the investors require a return on investment of 25%, then the profits generated by Littlelaser should be:

ROI = net income / total investment

25% x $8,056,00 = net income

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target cost = total revenue - net income = $10,600,000 - $2,014,000 = $8,586,000

total revenue $10,600,000

<u>- total cost $8,596,000    </u>

net income $2,014,000

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