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12345 [234]
3 years ago
12

b. Suppose Tom has $5 to spend on Batman and Superman comic books (nothing else matters to Tom). If Tom wants to maximize his ut

ility, how many of each should he buy
Business
1 answer:
kirill115 [55]3 years ago
3 0

Answer:

But 1 Batman comics book, and 2 Superman comics book

Explanation:

Remember, Tom has only $5 to spend on the two books, with the goal of deriving maximum utility. Thus, if he spends on 2 quantity of Superman comics he deeives total marginal utility of 150 (58+92). Then, he may proceed to Batman comics, which gives him a marginal utility of 40.

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What would wages look like if there was no minimum wage?
creativ13 [48]

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

7 0
3 years ago
Which of the following actions would improve your credit score?
bagirrra123 [75]
Don't over buy items you don't need.
6 0
3 years ago
Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
tia_tia [17]

Answer:

Direct labor rate variance= $1,666 favorable

Explanation:

Giving the following information:

The company produced 5,200 units in January using 2,380 direct labor-hours.

The actual direct labor rate was $19.30 per hour

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

<u></u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (20 - 19.3)*2,380

Direct labor rate variance= $1,666 favorable

4 0
3 years ago
A The following section is taken from Blossom's balance sheet at December 31, 2021.
loris [4]

Answer:

Date    Account titles and explanation          Debit       Credit

1-1-21    Bond interest payable                       $46,000

                  Cash                                                               $46,000

            (To record payment of interest)

1-1-21    Bond payable                                    $155,000

            Loss on redemption bond                $15,500

            (155,000/100*10)

                    Cash                                                              $170,500

            (To record bond redemption)

31-1-21   Interest expenses                              $36,450

                    Bond interest expenses                               $36,450

                    (560,000-155,000)*9%

             (Adjusting entry to accrue the interest on the remaining)

6 0
3 years ago
A customer in a coffee shop purchases a blend of two coffees: kenyan, costing $3.50 a pound, and sri lankan, costing $5.60 a pou
Rom4ik [11]
We have to make a system of equations:
x + y = 7;  where x stays for pounds of Kenyan coffee, and y stays for pounds of Sri Lankan coffee. And: 3.50 * x + 5.60 * y = 33.95 ( total cost ).
From the 1st equation: x = 7 - y. We have to substitute it into the 2nd equation:
3.50 * ( 7 - y ) + 5.60 * y = 33.95
24.50 - 3.50 y + 5.60 y = 33.95
5.60 y - 3.50 y = 33.95 - 24.50
2.10 y = 9.45
y = 9.45 : 2.10
y = 4.5 lb;  x = 7 - 4.5 = 2.5 lb.
Answer: 2.5 lb of Kenyan coffee and 4.5 lb of Sri Lankan.
7 0
3 years ago
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