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grigory [225]
2 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]2 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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Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufactu
Romashka [77]

Answer:

Courts Distributors and Eastinghouse Corporation

Dispute over Contract Price

The two parties have a legal contract.  The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.

The exact price for the contract is in dispute.  This dispute can be resolved between the parties.  Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.

Explanation:

a) Data and Analysis:

Eastinghouse's invoice price for the refrigerators = $140,000

Courts' adopted market price = $120,000

b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead.  Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's.  Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.

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2 years ago
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3 years ago
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2 years ago
suppose you want to change your school and join another one which is very expensive.make a list of the possible risks while join
enyata [817]

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Explanation:

6 0
2 years ago
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000
rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

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Allocated MOH= $432,000

7 0
3 years ago
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