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grigory [225]
3 years ago
15

Suppose good X and good Y are perfect complements to each other. The kinks of indifference curves are along the y=2x straight li

ne. The consumer has a wealth level of 12. The price of good X is $2 and the price of good Y is $1. What is the consumer's utility maximization market basket?

Business
1 answer:
Harrizon [31]3 years ago
8 0

Answer:

D. 3 Unit of goods x and 6 unit of good y

Explanation:

Option include as attached.

We have y = 2x

And budget constraint equation

PxX + PyP = M

2X + 1Y = 12

Now put y = 2x

2X + 2X = 12

4X = 12

X = 3

Y = 2X

Y = 2(3)

Y = 6

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Tharaldson Corporation makes a product with the following standard costs:
anastassius [24]

Answer:

Tharaldson Corporation

The materials quantity variance for June is:__________

= $1,480

Explanation:

a) Data and Calculations:

                        Standard Quantity    Standard Price     Standard Cost

                                 or Hours                or Rate                  Per Unit

Direct materials      7.4 ounces       $2.00 per ounce          $14.80

Direct labor             0.3 hours        $18.00 per hour              $5.40

Variable overhead 0.3 hours          $7.00 per hour              $2.10

Reported Results in June:

Originally budgeted output 2,800 units

Actual output 2,900 units

Raw materials used in production 20,600 ounces

Purchases of raw materials 21,700 ounces

Actual direct labor-hours 490 hours

Actual cost of raw materials purchases $42,200

Actual direct labor cost $12,800

Actual variable overhead cost $3,400

Materials quantity variance = (Actual quantity - Budgeted quantity) * standard rate

= (2,900 - 2,800) * $14.80

= $1,480

= (2,900 - 2,800) * 7.4 * $2

6 0
3 years ago
A simple scoring model is used to decide among three projects that we'll call A, B, and C. The total score for project A is 30,
Flauer [41]

Answer: D) Project A is better than project B for this company at this point in time.

Explanation:

Option D is the best option because we do not know that the basis for the scoring model directly translates to earnings. The scoring of Project A at 30 does not necessarily mean that it's expected to earn those amounts of revenue and therefore triple that of Project C. We do not know because the information is not complete.

What we do know is that A has the highest score out of all projects and this is why it is better to do Project A as opposed to Project B.

4 0
3 years ago
For 2019, Skresso Co. reported $1.82 of earnings per share of common stock. During 2020, the firm had a 4% common stock dividend
mart [117]

Answer:

$1.75

Explanation:

Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)

Earnings per share to be reported = $1.82 * 96%

Earnings per share to be reported = $1.7472

Earnings per share to be reported = $1.75

So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.

4 0
3 years ago
Which of the following events would cause a rightward shift of the AD curvea rightward shift of the AD curve​, other things bein
Karolina [17]

Answer: C. There has been a decline in the foreign exchange value of the nation’s currency.

Explanation:

The Demand curve of a country can be written as an equation which is

C+I+G+(X-M)

C is consumption, I is investment, G is government expenditure, X is exports, M is imports and X-M is net exports.

When ever consumption, investment, government expenditure or net exports increase the demand curve shifts to the right and whenever they decrease the demand curve shifts to the left.

In this case when the value of the currency foreign exchange declines, the country reduce its imports because they are now more expensive as your currency's value is declining and the exports will increase because they will now be cheaper to foreign buyers as their currency is now gotten stronger. This decrease in imports and increase in exports will  increase net exports and an increase in net exports will shift the demand curve to the right

8 0
3 years ago
Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,
azamat

Answer:

Mass Distribution

Explanation:

Mass distribution strategy is one of three approaches to distribution in marketing. It is engaged where an organisation seeks to sell its goods to as many customers as possible. Intermediaries with very wide market base are usually the targets for such organisations.

7 0
3 years ago
Read 2 more answers
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