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shtirl [24]
3 years ago
5

Sasha buys a warm soda and a slice of cold pizza. The marginal utility from a soda is 40, and the price of the soda is $1. The m

arginal utility from a slice of pizza is 80. Since Sasha always chooses the utility-maximizing choice, we know the price of a slice of pizza must be:
A) $0.50.

B) $1.

C) $20.

D) $2.
Business
1 answer:
Nikolay [14]3 years ago
3 0
The answer I think is c because it’s most accurate to me
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1 pts A $1.50 tax levied on the buyers of pomegranate juice will shift the demand curve Group of answer choices upward by exactl
Xelga [282]

Answer:

downward by exactly $1.50

Explanation:

The market for agricultural products is perfectly competitive

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Consumers demand in perfect competition is elastic

If prices increases, the demand curve shifts downward by exactly the increase in price

4 0
3 years ago
The narrowest definition of the money supply (M1) includes:
fenix001 [56]

Answer:

c. cash, checking account balances, and travelers' checks.

Explanation:

Money Supply is the concept that means the amount of the liquid financial products and total currency in the market or economy. It is regulated the macro-economically by the monetary policy. So, there are types of measures of money supply or stock:

-M0: narrowly, it means the hard currency in circulation

-MB: it equals M0+ the hard currency which are not technically in circulation and in bank reserves.

-M1: it is the most common one and equals M0 plus checking accounts plus travelers’ checks and other checkable deposits.

-M2: covers M1 and saving accounts and CDs.

-M3: it surrounds the larger deposits.

-MZM: finally, this indicates the money market deposits.

That’s why we could notice that M1 narrowly means the cash, checking account and travelers’ checks.

5 0
4 years ago
On December 31, 2016, Fall Company prepared adjusting entries that included the following items: Depreciation expense: $31,000.
coldgirl [10]

Answer: $104,000

Explanation:

Pretax income after the Adjustment = Pretax income before adjustments + Accrued sales revenue + Rent revenue earned - depreciation - accrued expenses - used insurance

= 120,000 + 29,000 + 7,000 - 31,000 - 12,000 - 9,000

= $104,000

The above were all period costs and so needed to be accounted for in the income.

4 0
3 years ago
Why did Samuel Gompers seek to forge closer ties with forward-looking corporate leaders? a. He wanted to work his way into circl
melisa1 [442]

Answer:

The answer is: C) He wanted to stabilize employer-employee relations.

Explanation:

Samuel Gompers worked very hard to make his beliefs and ideas "popular" not only among workers and politicians but also among corporate leaders. He was very pragmatic when dealing with politicians and management. He would sometimes support Democrats and other times Republicans. He tried to balance things out in favor of his union and himself obviously. He used his huge bargaining power to convince politicians and managers that his ideas were correct.

He didn´t support socialistic ideas in favor of destroying capitalism. He saw working for corporations as a means for employees to achieve the American dream.

3 0
4 years ago
On July 10, 2020, Pronghorn Music sold CDs to retailers on account and recorded sales revenue of $635,000 (cost $508,000). Prong
mixas84 [53]

Answer:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

10/31/2020 No entries are needed as the return period has expired.

Explanation:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

($508,000 / $635,000) x $82,700= $66,160

10/31/2020 No entries are needed as the return period has expired.

8 0
3 years ago
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