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Rudik [331]
4 years ago
12

When presented with two choices for afternoon entertainment, Riana has a clear favorite: going to the movies provides her with 4

0 utils, while attending a baseball game provides 32 utils. The price for both tickets is $5, causing Riana to choose the movies. What price for a baseball game ticket would cause Riana to choose that instead?
a. $3.99
b. $4.00
c. $4.01
d. $1.60
Business
1 answer:
STALIN [3.7K]4 years ago
4 0

Answer:

$4

Explanation:

Given:

Marginal utility of movie = 40

Marginal utility of baseball = 32

Price of ticket = $5

Find:

Price of baseball match ticket to change her mind.

Computation:

Per dollar utility of movie = 40 / 5

Per dollar utility of movie = 8

Price of baseball match ticket to change her mind = Marginal utility of baseball / Per dollar utility of movie

Price of baseball match ticket to change her mind = 32 / 8

Price of baseball match ticket to change her mind = $4

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The current account is best defined as:
stiks02 [169]

Answer:

The account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.

Explanation:

A current account can be defined as an account that record the different transactions a country carries out with another country. A current account comprises of net primary income, earnings from foreign investors that have occurred within a particular period of time.

Almost all countries are involved in trading of goods and services with another country, a current account helps to evaluate the manner in which a particular country traded their different goods with foreign markets.There tends to be a postive balance of a country exports more goods than it imports.

4 0
4 years ago
What is the One Club? They asked me this on my homework assignment.
BaLLatris [955]

Answer:

<h3>The One Club is an American non-profit organization that recognizes and promotes excellence in advertising. Founded in New York City as The One Club for Art & Copy, The One Club produces four annual award competitions: One Show, One Show Design, One Show Interactive and One Show Entertainment.</h3>
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3 years ago
The $/CD spot bid-ask rates are $0.7560–$0.7625. The 3-month forward points are 12–16. Determine the $/CD 3-month forward bid-as
mylen [45]

Answer:

D. $0.7572–$0.7641

Explanation:

The forward BID rate is the rate at which the buyer is willing to buy or perform a transaction while the ASK rate is at which the seller is willing to sell at.

They are calculated by Adding or Subtracting the Basis Point(BPS).

Here BPS = 0.12% AND 0.16%.

Forward bid rate =$0.7560 + 0.0012 = $0.7572

Forward ask rate= $0.7625 +0.0016 = $0.7641.

5 0
3 years ago
When Crossett Corporation was organized in January Year 1, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative
hichkok12 [17]

Answer:

The correct answer is $12,000.

Explanation:

According to the scenario, the given data are as follows:

Shares issues On Jan.1 Year 1 = 4,000 shares

Par value of shares = $50 par

Cumulative preferred stock = 6%

So, we can calculate the dividend arrearage as of January 1, Year 2 by using following formula:

Dividend as of Jan.1, year 2 = Shares issues On Jan.1 Year 1 × Par value of shares × Cumulative preferred stock

= 4,000 × $50 × 6%

= $12,000

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I am the bonus and will try hard to be the bonus to be bonus
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3 years ago
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