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Firdavs [7]
3 years ago
7

The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles co

st $2.00 each, pancakes cost $1.00 each, and that Parker has $8.00 to spend on these two goods. Since Parker cannot afford more than four waffles or eight pancakes, the utility is given only for quantities smaller than these.
Quantity of waffles Total utility of waffles Marginal utility of waffles
1 100 100
2 180 80
3 240 60
4 270 30

Quantity of pancakes Total utility of pancakes Marginal utility of pancakes
1 40 40
2 70 30
3 90 20
4 105 15
5 115 10
6 120 5
7 123 3
8 125 2

Required:
Given his budget constraint, determine what quantities of waffles and pancakes Parker will consume to maximize utility.
Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

Explanation:

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6 0
3 years ago
Your client purchases land that has been severely eroded. He plans to fill the holes caused by the erosion with waste material.
IrinaVladis [17]

Answer:

Dismantling cost is the expense which is caused when the asset is about to bring in its original state when it was not used.

Explanation:

To: Director Finance

From: Business Analyst

Subject: Cost recovery for dismantling

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2 years ago
A flower distributor asked the Fresh Farms sales representative if the company had any red roses in stock. The sales representat
Fynjy0 [20]

Answer:

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Explanation:

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5 0
3 years ago
Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts & Cases (8th Edition) by Manuel G.
wolverine [178]

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

8 0
3 years ago
At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b
meriva

Answer:

$6,540

Explanation:

Given:

accounts receivable of $238,000

allowance for uncollectable accounts of $600 (credit)

Also, the allowance for uncollectible accounts should be 3% of accounts receivable.

Therefore the amount of the adjustment for uncollectible accounts would be

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4 0
3 years ago
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