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RSB [31]
4 years ago
5

A consumer spends all of her income​(Y) on two goods Z and B.The price of good B ​(PB​) is $6. The Marginal Rate of Transformati

on MRT is equal to −2. That is 2 units of good B can be traded for 1 unit of good Z.This consumer is able to buy 18 units of good Z and 0 units of good B with​ his/her income. What is this​ consumer's level of​ income?
The​ consumer's income is ​$ ( )​(round your answer to the nearest ​penny).
Business
1 answer:
Alex4 years ago
7 0

Answer:

The consumer's income is $216.

Explanation:

A consumer consumes two goods Z and B.  

The price of good B is $6.  

The consumer is consuming 18 units of good Z and 0 units of good B.  

The marginal rate of transformation is the ratio of the price of two goods.  

The marginal rate of transformation is -2.  

MRT = \frac{Pz}{Pb}

2 = \frac{Pz}{6}

Pz = 12

The budget constraint will be  

= 12\ \times\ 18\ +\ 6\ \times\ 0\

= $216

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Answer: Political contributions

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The expenses which are vital in running a business are deductible and examples of these are utility costs, legal services, salaries, office rent, equipment and supplies, utility costs, professional dues, etc.

Of the options given in the question, political contribution are not paid or incurred while running a business. Under Section 162(e), the political contributions are not deductible.

6 0
3 years ago
It takes 11.553 years for an initial investment to double at an annual force of interest δ. How long will it take for an initial
Triss [41]

Answer:

It will take 18.041 years to triple the investment.

Explanation:

(1+\delta )^{11.553} =2 \\

We need to solve for delta:

\delta = \sqrt[11.5530]{2} -1

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now solve for this rate compounding twice per year to triple the investment:

(1+0.06183353/2 )^{n*2} =3 \\

we use logarithmics properties and solve for n:

[tex]2 \times n= \frac{log3}{log(1+06183353/2)

n = 18.04051743

It will take 18.041 years to triple the investment.

3 0
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mr_godi [17]

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3 0
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8 0
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