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Tema [17]
3 years ago
13

Alex has allocated his income in such a way that the marginal utility of the last unit of product X he consumes is 40 utils and

that of the last unit of Y is 16 utils. If the unit price of X is $5, then the price of Y must beA. $1 per unit.B. $2 per unit.C. $3 per unit.D. $4 per unit.
Business
1 answer:
sineoko [7]3 years ago
5 0

Answer:

B. $2 per unit

Explanation:

The computation of the price of Y is shown below:

As we know that the condition of the  utility maximization i.e ratio of Marginal utility and the price should be matched and equal for both the goods given in the question

For one good

= Marginal utility ÷ price

=  40 ÷ $5

= 8

And, for the other goods

Marginal utility ÷ price = 8

16 ÷ Price = 8

So, the price is $2 per unit

Hence, the correct option is B.

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This refers to the shares of a company that denotes a certain ownership percentage for each buyer of the stock.

Hence, we can see that Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments and option A best shows how they would record the dividends.

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5 0
2 years ago
As the Chief Marketing Office (CMO) for a $100 million product company you need to lead the development of marketing plan for th
sveta [45]

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b

Explanation:

describe the elements of a strategic marketing plan

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3 years ago
Assume that the United States has a comparative advantage in aircraft manufacture and India has a comparative advantage in produ
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Answer:

1. Explain who in the United States would gain?

The government of the United States will gain from the<em> Import duties </em>that will be charged on the Indian textiles.

2. Who might lose from dismantling trade barriers between the United States and India?

<em>The USA will lose if trade barriers are dismantled.</em>

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

Explanation:

1. The government of the United States will gain from the<em> Import duties </em>that will be charged on the Indian textiles. The government will make huge revenues from the import duties since India will manufacture the textiles at the cheapest costs per unit and influx the USA with affordable and quality clothing.

2. The USA will lose if trade barriers are dismantled.

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

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3 years ago
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Classified (Or Multi-Step) Income Statement

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3 years ago
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Answer:

FALSE

Explanation:

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