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TiliK225 [7]
4 years ago
13

When a consumer is in equilibrium this means that he or she is: A. maximizing his or her income. B. consuming goods with the hig

hest total utility. C. consuming the best market basket, given his or her preferences, income, and prices. D. consuming the largest market basket possible.
Business
1 answer:
Whitepunk [10]4 years ago
5 0

Answer:

The correct answer is letter "C": consuming the best market basket, given his or her preferences, income, and prices.

Explanation:

Consumer equilibrium implies the point in which their needs are being met according to the resources available consumers are willing to use. This state is achieved when individuals have optimized their basket of goods in quality and quantity according to their expectations. Such a scenario also implies consumers' income has not been negatively affected and prices of the goods purchased are at their corresponding equilibrium point.  

To conclude, <em>the consumer equilibrium takes place when both the market and customers' expectations are aligned.</em>

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Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gather
Lostsunrise [7]

Answer:

$32,000

Explanation:

Net advantage = Annual operating cost

Net advantage = [(Old machine - New machine)*10 life] - New machine cost + Old machine cost

Net advantage = [($320000 - $240000)*10] - $800000 + $32000

Net advantage = [($80000)*10 - $768,000

Net advantage = $800,000 - $768,000

Net advantage = $32,000

So, the net advantage of replacing the old machine is $32,000

4 0
3 years ago
Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
frozen [14]

Answer:  Debit Petty cash $408; Credit Cash $408.

Explanation: Petty cash is a small amount of fund set aside for immediate or urgent minor expenses. In most organizations, there is a limit to the petty cash amount that a business unit can have. And someone is always saddled with the responsibility of managing the fund. It has its business rule in the sense that the amount should not be withdrawn beyond zero balance to throw it into debit.

In the instance of the question, the petty cash is $460 and within September, total expenses of $316 were incurred and paid for, leaving a balance of $144. However, the accountant determines that this cash should be increased by $92 on 1 October, so reimbursement to the fund would be the amount already spent ($316) and the proposed increment ($92), making $408.

5 0
3 years ago
You write one MBI July 127 call contract (equaling 100 shares) for a premium of $12. You hold the option until the expiration da
ser-zykov [4K]

Answer:

The answer is "$400"

Explanation:

The price value of the exercise:

= $127

The expiration date price value is:

= $135

Calculating the profit for Calls buyer:  

= $135-$127  

= $8

The value of 1 call = 100 shares  

calculating the total profit :

=$ 8 × 100  

= $ 800

One alternative purchase price:

= $12

Call option Total purchase price:

=  $12 × 100  

= $1200

The buyer's total loss:

= $1200 - $800

= $400

The Loss for the buyer:  \frac{\text{profit for the seller}}{\text{writer}}

Hence profit for the writer = $400

3 0
3 years ago
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per m
Papessa [141]

Answer:

$1555

Explanation:

3 0
3 years ago
Read 2 more answers
20 points!
alexira [117]

answer A are required to form a partnership by federal law

4 0
3 years ago
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