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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.

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The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.
zhuklara [117]

Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.

In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

  • The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.

Read more about sales contract:

<em>brainly.com/question/17179342</em>

6 0
2 years ago
Demand per hour for gasoline at a local station is normally distributed with a mean of 875 gallons and std deviation of 55 gallo
marusya05 [52]

The probability that demand is greater than 1800 gallons over a 2 hour period is : 0.5

<u>Given data :</u>

Mean value of gasoline per hour = 875 gallons

Standard deviation = 55 gallons

<h3>Determine the probability of demand being greater than 1800 gallons over 2 hours </h3>

Demand for gas in 1 hour = X₁

Demand for gas in 2 hours = X₁ + X₂

Therefore ; ( X₁ + X₂) ~ N ( u₁+u₂, sd₁² + sd₂² )

In order to  calculate probabilities for normals apply the equation below

Z = ( X- u ) / sd

where : u = 1800, sd = √ ( 55² + 55² ) = 77.78

using the z-table

P( Y > 1800) = P( Z > ( 1800 - 1800 ) / 77.78)

                    = P( Z>0 ) = 0.5

Hence we can conclude that The probability that demand is greater than 1800 gallons over a 2 hour period is : 0.5.

Learn more about probability : brainly.com/question/24756209

#SPJ1

5 0
2 years ago
If an issuer sells bonds at a premium: Multiple Choice The carrying value increases from the par value to the issue price over t
AnnyKZ [126]

Answer:

The carrying value decreases from the issue price to the par value over the bond’s term.

Explanation:

The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.

5 0
3 years ago
Plz help...... What is a term deposite​
g100num [7]

A time deposit or term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its “term”. Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.

7 0
2 years ago
Read 2 more answers
Question 8 of 10
kirill115 [55]

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

6 0
3 years ago
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