1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yan [13]
4 years ago
14

Sharon purchases two products with a given fixed budget, orange juice and soda. Her marginal utility from orange juice is 60 and

her marginal utility from soda is 30. The price of a bottle of orange juice is $2.00 and the price of soda is $1.00. These data suggest that Sharon ___________.
Business
1 answer:
yuradex [85]4 years ago
3 0

Answer:

Sharon is trying to maximize her marginal utility under the fixed budget.

Explanation:

She is buying exactly twice as many orange juices than sodas, because her marginal utility from juice is twice as much as her marginal utility from soda (60 x 30).

She is considering the marginal utility above the price when making her purchase decisions, because while orange juice provides more utility, it is also more expensive than sodas ($2.00 per bottle vs $1.00 per bottle).

You might be interested in
Regan company operates its factory on a two-shift basis and pays a late-shift differential of 15%. regan also pays a premium of
victus00 [196]
The <span>amount of direct labor should Regan charge to work-in-process is the wages at base direct-labor rates, which is $325,000.00.  Shift Differentials and Overtime Premiums are not included,</span>
3 0
3 years ago
Excise taxes on gasoline and state sales taxes are often criticized for being regressive, even though everyone pays the same tax
romanna [79]

Answer:

Yes because a person with a lower income may tend to spend a greater share of his income on gasoline

Explanation:

For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.

Low income individual earnings after tax deductions= $400

High income individual earnings after tax deductions= $800

3 0
3 years ago
List the five factors that affect the labor market.
ki77a [65]

Answer:

I think discrimination, unions, unemployment, income inequality, immigration

6 0
4 years ago
Read 2 more answers
Bill’s Bakery is trying to decide if it should use all of its resources to make 12 dozen chocolate chip cookies or 10 dozen pean
juin [17]

Answer:

The trade off Bill's Bakery will make will be using most of its resources in producing the product that would be more attractive to the customers while producing lesser of the less attractive product

Explanation:

The trade off that Bill will make will be using most of its resources in producing the product that would be more attractive to the customers while producing lesser of the less attractive product. this will be dependent on which product will be more beneficial to Bill's Bakery financial i.e based on customers depend .

A Trade off is a business exchange where by one benefit is given up for another because both cannot be compatible at a time

8 0
3 years ago
A machine is purchased on September 30, 2018, for $60,000. Useful life estimated at four years and no residual value is anticipa
pochemuha

Answer:

4.$3,750

Explanation:

The computation of the depreciation expense using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($60,000 - $0) ÷ (4 years)  

= ($60,000) ÷ (4 years)  

= $15,000

But we have to compute for 3 months i.e September 30, 2018 to December 31 2018

= $15,000 × 3 months ÷ 12 months

= $3,750

6 0
3 years ago
Other questions:
  • A stock is bought for $23.00 and sold for $27.00 one year later, immediately after it has paid a dividend of $1.50. what is the
    10·1 answer
  • If you start investing a little money now you will most likely have a lot more mone than those who start investing later on in l
    13·2 answers
  • Concert promoters still sometimes hire persons to count or photograph how many persons enter a venue or fill the seats inside in
    15·1 answer
  • Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report f
    8·1 answer
  • Based on the information provided, what rental rates would you include in your forecast/proforma model from the tenants?
    5·1 answer
  • *70 POINTS*
    14·1 answer
  • Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet
    7·1 answer
  • Flex Co. just paid total dividends of $1,075,000 and reported additions to retained earnings of $3,225,000. The company has 715,
    13·1 answer
  • What is the danger of having a lot of debt?<br> (brainlyest)
    12·2 answers
  • Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!