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
Gala2k [10]
3 years ago
9

Javier spends all his income on peanuts and chewing gum. The last dollar spent on peanuts yeilds 14 utils and the last dollar sp

ent on chewing gum yields 6 utils. To increase total​ utility, Javier should spend less on peanuts and more on chewing gum?
Business
1 answer:
Sliva [168]3 years ago
6 0

Answer:

False

Explanation:

Javier's utils per dollar of peanuts = 14 utils per $1 spent

Javier's utils per dollar of chewing gum = 6 utils per $1 spent

Since the utils per dollar that Javier obtains from consuming peanuts are higher than those from consuming chewing gum, if he wants to increase his total utility, he should purchase more peanuts.

You might be interested in
Telemarketers receive $15 commission on all new customers they sign up for cell phone service through Movill Networks. Each tele
antiseptic1488 [7]

Answer:

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

Explanation:

As the data of the employers is not given here, a similar question is found , for which the data is attached herewith.

Now the minimum wage per week for $8 an hour is given as

Minimum Wage=40*$8=$240.

The gross pay of Kenny with 50 new customers is given as

Gross Pay_{Kenny}=n*\$15\\Gross Pay_{Kenny}=50*\$15\\Gross Pay_{Kenny}=\$750

So the gross pay of Kenny is $750.

The gross pay of Charles with 35 new customers is given as

Gross Pay_{Charles}=n*\$15\\Gross Pay_{Charles}=35*\$15\\Gross Pay_{Charles}=\$525

So the gross pay of Charles is $525.

The gross pay of Laurie with 52 new customers is given as

Gross Pay_{Laurie}=n*\$15\\Gross Pay_{Laurie}=52*\$15\\Gross Pay_{Laurie}=\$780

So the gross pay of Laurie is $780.

The gross pay of Hylis with 32 new customers is given as

Gross Pay_{Hylis}=n*\$15\\Gross Pay_{Hylis}=32*\$15\\Gross Pay_{Hylis}=\$480

So the gross pay of Hylis is $480.

As Laurie has the highest number of new customers, so she will receive a bonus of $75.

So the gross pay of Laurie is $780+$75=$855.

So the gross pays are given as

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

8 0
3 years ago
In location decision process, community location decision involves: a. selecting a specific city in which to locate. b. evaluati
Leokris [45]

Answer:

The correct option is A, selecting a specific city in which to locate

Explanation:

This question can be solved if we try to eliminate obviously wrong options ,for instance options B and D are entirely out of context with the issue raised because even a layman knows that location of an industry means siting a business in  a particular area.

However, we are left with options A and C,but it is important to note that community location is more specific and  points to the exact location where the business is to be sited whereas general region is generic in nature.

Judging from the above, the specific city where the business is to be built is best option.

6 0
3 years ago
You borrow $210,000 to purchase a home. the terms of the loan call for monthly payments over 30 years at a mortgage rate of 4.50
Dmitry_Shevchenko [17]
First step, find the monthly payments.
Borrowed amount, P = 210000
Monthly interest, i = 0.045/12
Number of periods, n = 30*12=360

Monthly payment
A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}
=\frac{210000(0.045/12*(1+0.045/12)^360)}{(1+0.045/12)^360-1}
=1064.0392    [to the 1/100 of a cent]


2. Calculate interest accumulated over 60 months
I=210000((1+0.045/12)^{60}-1)
=52877.12

3. Calculate value of payments
F=\frac{A((1+i)^n-1)}{i}
=\frac{1064.039150634359((1+0.045/12)^{60}-1)}{0.045/12}
=71445.50    to the nearest cent

4. Calculate percentage of interest paid
A. as a fraction of future values
Percentage of interest
=52877.12/71445.50
=74.01%
As a fraction of total amounts paid
Percentage of interest
=52877.12/(60*1064.0392)
=52877.12/63842.35
=82.82%
6 0
3 years ago
The Bank of america trends in Consumer Mobility Report indicates that in a typical day, 51% of users of mobile phones use their
Vaselesa [24]

<u>Solution and Explanation:</u>

a)  51% of users of mobile phones use their phone at least once per hour,

It is a binomial distribution with n = 150, p = 0.51

mean = np = 150 multiply with 0.51 = 76.5

SD= sqrt(np(1-p) )= 6.1225

Since np and n(1-p) > 5, we can assume the distribution is normal.

B) please see the attached file.

c)  It is a binomial distribution with n = 150, p = 0.02

mean = np = 150*0.02 = 3

SD= sqrt(np(1-p) )= 1.71464

Since np < 5, we cannot assume the distribution is normal.

 

6 0
3 years ago
What does the concept of limited liability posits?​
Maksim231197 [3]

Answer:

see below

Explanation:

The concept of limited liability is a confirmation that a corporation's assets are liabilities are distinct from those of shareholders. The concepts safeguard the shareholder's private properties should a business fail to meet its obligations.

Limited liability states that the liabilities of a shareholder is limited to the extent of his capital contribution. If the event of a dissolution, a shareholder's losses are capped to the share contribution. Their personal properties cannot be used to pay business debts should the business's assets be inadequate.

3 0
2 years ago
Other questions:
  • During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost
    15·1 answer
  • The goal of ________ research is to describe things, such as the market potential for a product or the demographics and attitude
    13·1 answer
  • A hair salon offers three services: haircuts, color treatment, and styling. the salon charges $40 for a cut, $65 for color, and
    13·2 answers
  • The law of demand is the assertion that ... ?
    5·1 answer
  • If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel
    7·1 answer
  • Dave Krug finances a new automobile by paying $6,500 cash and agreeing to make 20 monthly payments of $580 each, the first payme
    13·1 answer
  • The 2012 youth gang survey depicted an estimated 30,000 gangs containing about ______________ gang members active in the united
    14·2 answers
  • A rights offer made to existing shareholders with the sole purpose of making it more difficult for another firm to acquire the c
    10·1 answer
  • A company purchased factory equipment for $590,000. It is estimated that the equipment will have a $59,000 salvage value at the
    12·1 answer
  • Fractional reserve banking can be thought of as a bank withholding a portion of its total deposits that are not loaned out. hold
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!