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
Andrei [34K]
4 years ago
8

Kasey has income of $20.00. She always consumes 5 ounces of cream cheese with one bagel. If the price of cream cheese is $0.50 p

er ounce and the price of a bagel is $1.50, Kasey will maximize her utility by purchasing bagels and ounces of cream cheese.
Business
1 answer:
melisa1 [442]4 years ago
5 0

Answer:

Kasey's utility will maximized at 25 ounces of cheese and 5 bagels of cheese

Explanation:

In order to maximize utility,Kasey has to spend the entire $20 on a combination of cream and cheese that is optimum.

The applicable formula is (5 ounces of cream*price of cream)+(1 bagel of cheese * price of cheese)

5*$0.5+1*$1.5=$4

He must spend $4 per purchase

The number of purchases =total income/spend per purchase

                                           =$20/$4

                                           =5 times

Kasey will maximize utility by buying 5 ounces*5=25 ounces of cheese and buying 1 bagel of cheese *5=5 bagels

25 ounces *$0.5+5 bagels *$1.5=$20        

You might be interested in
In e-business, secure web applications are one of the critical security controls that each organization must implement to reduce
Anna35 [415]

Correct/Complete Question:

In e-business, secure web applications are one of the critical security controls that each organization must implement to reduce risk. True or False

Answer:

True

Explanation:

Web application security is a branch of information in which website security, its applications and its services and content is protected.

In e-commerce (electronic commerce), websites are used to conduct business, orders, payment, deliveries, etc. Security of this website is important so as to protect the e-business firm and its customers from  various cyber-crimes like credit card phishing, personal information gathering, etc. When an e-business website is secured properly, business is done without fear by customers and also the firm itself. Examples of e-business website include walmart, amazon, bestbuy, etc.

Cheers.  

3 0
3 years ago
d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would
worty [1.4K]

Answer:

decreased by 20%

Explanation:

Supposed we have input price of $30,000 and it produced an output of 300 units on the first year of operation. The cost per unit on the first year is $100 each ($30,000/300).

On the second year we still have the same input expense of $30,000 but the productivity output increased by 25%. So we have 375 units produced on the second year’s operation. The new cost per unit would be $30,000/375=$80 per unit.

Therefore we conclude that based on the example given, the new unit cost per product decreases by 20%.

$100-80 = $20

$20/$100 = 20%

4 0
4 years ago
"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan
Anastaziya [24]

Answer:

<u><em></em></u>

  • <u><em>Law of demand</em></u>

<u><em></em></u>

Explanation:

Indeed, the <em>law of demand </em>is that the price and quantity demanded are inversely related. <em>Ceteris paribus</em>, the economist say. It is a latin expression that means "<em>other things equal</em>".

As the resources are, per definition, scarce, the consumers, ecomomic agents who buy the products, need to allocate the money among the different goods and services that the market puts at their disposal.

And they allocate the resources in a intelligent way: they "calculate" the utility of each product considering the cost. If the price increase, the ratio of utility to cost decreases and the consumer will diminish the quantity demanded for that good. If the price decrases, the utility to cost ratio increases and the quantity demanded will increase.

7 0
3 years ago
tarbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks _________
kherson [118]

Answer:

E)

Explanation:

It was prepared for this because Starbucks tracked, as part of its ongoing environmental scanning activities, the percentage of households with single-cup brewers. The data that they managed to gather through this study allowed them to quickly determine that there was a large percentage of households with single-cup brewers and therefore the customer base was there. Having a large customer base would drastically increase their chances of obtaining massive profits by simply providing the necessary product to those households, which they plan to do with this partnership.

7 0
3 years ago
A person who produces work in the vernacular is one who
balu736 [363]
Writes in their own language as used colloquially.
4 0
4 years ago
Other questions:
  • Ieso Corporation has two stores: J and K. During November, Ieso Corporation reported a net operating income of $30,000 and sales
    14·1 answer
  • The recording of adjusting entries is supported by the.
    10·1 answer
  • a famous quarterback just signed a $18.0 million contract providing $3.6 million a year for 5 years. A less famous receiver sign
    12·1 answer
  • Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current l
    9·1 answer
  • Which of the following is NOT one of the RESULTS of mass production? A) lower prices B)Product standardization C) increased trad
    6·1 answer
  • One difference between services in the production of goods is that the services are consumed blank where as good as can be blank
    7·1 answer
  • Which of the following mathematical equations is used to calculate a predetermined overhead rate? a.Predetermined Overhead Rate
    11·1 answer
  • Diversity has become a critical bottom-line business strategy in today's global economy.
    9·1 answer
  • If the firm is facing the threat of trade barriers such as high import tariffs or quotas and the firm has proprietary technology
    14·1 answer
  • The CM ____ is responsible for overseeing the actions of the crisis management team and coordinating all crisis management effor
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!