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
ohaa [14]
3 years ago
6

Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 a

nd $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively these data suggest that Ms. Thomson:
should buy less B and more A
Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

∵  MU A / P A > MU B / P B

∴ A purchased & consumer more , B purchased & consumed less.

Explanation:

Consumer is at utility maximising equilibrium, where Marginal Utility per unit of price spent is equal for both goods consumed by consumer.

MU A / P A = MU B / P B

MU A / P A = 16 / 2  = 8

MU B / P B = 24 / 4 = 6  

In above case : MU A / P A > MU B / P B [  ∵ 8 > 6 ]  

This implies consumer is getting more utility (satisfaction) per unit of price spent on Good A , than that of Good B.

So, consumer Thompson will consumer more of Good A & less of Good B.

You might be interested in
Charitable contribution
nlexa [21]
Cans of soup are charitable contributions. giving money to the poor is a form of charity.
5 0
3 years ago
What can you do to<br> protect your personal<br> information?
tia_tia [17]
Make sure your emails are only used on reliable sites, along with your number and address, avoid websites that don’t use .gov .com or .org
4 0
3 years ago
An auto manufacturer is considering adding new automation to their assembly line to reduce production costs. The manufacturer is
QveST [7]

Answer:

Check the explanation

Explanation:

As per the beta distribution, the average revenue per year = (Pessimistic +4*Most Likely +Optimistic) / 6

Avg revenue per year = (460000 + 4*660000 + 840000) / 6 = 656666.67

MARR = 12%, life = 9 yrs

NPW = -4000000 + 656666.67 * (P/A,12%,9) + 40000 * (P/F,12%,9)

= -4000000 + 656666.67 * 5.32824 + 40000 * 0.36061

= 7498877.6+14424.4

= -433415.60

= -433000 (nearest 1000)

7 0
3 years ago
Read 2 more answers
The goal of _____ is to make it convenient for consumers to find and purchase products at many locations and in many ways.
stepan [7]
The answer is C. intensive distribution. 
The goal of Intensive distribution is to make it convenient for consumer to find and purchase products at many locations and in many ways. This kind of distribution distributes their products on a many locations.
8 0
3 years ago
Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ
Vikki [24]

Answer:

8,400 units

Explanation:

Abnormal spoilage is amount of units which are wasted or destroyed during production. Units that do not meet the standard can also be a part of abnormal spoilage. To calculate abnormal spoilage we will use formula below;

Abnormal Spoilage units = (Work in process beginning inventory + Units completed and transferred out) - (Units in work in process + Ending inventory units)

Abnormal Spoilage Units = (23,000 + 76,500) - (72,100 + 19,000) = 8,400 units.

4 0
3 years ago
Other questions:
  • The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri
    11·1 answer
  • The firm's findings are best described as the
    8·1 answer
  • Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiann
    8·1 answer
  • Competing companies deploy whatever means necessary to strengthen market position, including all of the following except Select
    13·1 answer
  • A colleague at work takes small amounts of office supplies for her own personal use, saying that this is a tiny loss to the comp
    9·1 answer
  • Cho has opened a new startup company in web design. within the first month of business, the startup agrees to maintain an accoun
    13·1 answer
  • A measure of risk-adjusted performance that is often used is the Sharpe ratio. The Sharpe ratio is calculated as the risk premiu
    15·1 answer
  • Managers lead in a wide variety of situations and organizations and have various kinds of subordinates performing diverse tasks
    8·1 answer
  • Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
    8·1 answer
  • do you think bitcoin or another cyber currency will replace existing traditional currency? why or why not?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!