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
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

You might be interested in
Which one of the following represents the minimum rate of return a firm must earn on its assets if it is to maintain the current
FinnZ [79.3K]

Answer:

B. Weighted average cost of capital

Explanation:

The Weighted average cost of capital is abbreviated as the WACC. It is the weighted average of cost of common equity, cost of preferred equity and aftertax cost of debt. For a company to have a breakeven in returns, they need to earn a minimum rate of return on its assets which is equivalent to the weighted average cost of capital(WACC) making choice B correct.

5 0
3 years ago
On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note r
klasskru [66]

Answer:

A Journal entry for Brooks Incorporation on January 1, 2019 which is shown below

Explanation:

Solution

Given that:

           JOURNAL ENTRY FOR BROOKS INCORPORATION

Date               General Journal Debit Credit

Jan 01 2019                Cash        90000

                               Notes Payable          90000

Thus

A Journal entry was recorded for Brooks Incorporation.

Here, the cash of $90,000 was recorded at the debit side of the Journal.

While the notes payable of $90,000 was also recorded on the credit side

7 0
3 years ago
____ is the process for motivating employee performance in which the manager and employee jointly set objectives for the employe
nika2105 [10]

Answer:

MBO

Explanation:

  • Management by objectives also known as management by results is a process which is proposed by the peter drunkard in 1954. By defining the specific objectives in an organization, and how to achieve these targets.
  • This process helps the business organization to accomplish its objectives, by goal setting. It has a five-set process of reviewing the  organizational goal , then setting the worker objective  and monitoring their progress  and evaluation  after giving the reward.
  • The word SMART is also associated with the objectives as Specific, Measurable, Assignable, Realistic and a Time-bound process.

8 0
2 years ago
Which of the following is chracterstics of flow manufacturing​
Ratling [72]

Answer:

here are all the characteristics of flow manufacturing

Explanation:

"The main features of flow production are: Large quantities are produced. Simplified or standard product. Semi-skilled workforce specialising in one task only."

7 0
3 years ago
The National Conference of Commissioners on Uniform State Laws (NCCUSL) was formed by the for the purpose of establishing unifor
____ [38]

Answer:

Option C is correct. The American association in 1892 recommended the need to adopt uniform state laws to overcome dozens of issues. It helps businesses to move across state borders easily and key to jobs creations, developing efficiencies by diversified operations across the borders, etc. One of the disadvantage of uniformity of law is that it might not suit some cultures like in India. The cultural differences in India is varying after every 100 km distance. However there were some issues too in USA while adopting Uniformity of laws which was loss of opportunities for some businesses in some states.

4 0
3 years ago
Other questions:
  • A recent college graduate from Clayton State University has the choice of buying a new car for $33,500 or investing the money fo
    8·1 answer
  • Land improvements were put into service on January 1st. The cost was $80,000, and the estimated salvage value was $20,000. The c
    6·1 answer
  • Nathan buys a new microwave for $200. The microwave’s label bears a disclaimer that the manufacturer is not liable for consequen
    8·1 answer
  • Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning
    6·1 answer
  • Question 5 (60 points)
    14·1 answer
  • Which of the following is one of the seven website design elements that marketers can use to produce an effective customer exper
    7·1 answer
  • A firm has issued $25 million in long-term bonds that now have 9 years remaining until maturity. The bonds carry a 9% annual cou
    11·1 answer
  • You are a project manager leading an IT development project. Halfway through your project, you realize that you need to hire an
    12·1 answer
  • Michael earns $3,950 every month after taxes and deductions for social security and insurance. He puts $900 a month into savings
    10·1 answer
  • Explain the functions of a trade union. (6)
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!