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alex41 [277]
3 years ago
11

Goods 1 and 2 are perfect complements and a consumer always consumes them in the ratio of three units of good 2 per unit of good

1. The price of good 1 is $1 while the price of good 2 is $4. The consumer has an income of $3,900. How many units of good 2 will be in the consumer's optimal bundle
Business
1 answer:
AURORKA [14]3 years ago
4 0

Answer:

650 units

Explanation:

The consumer's bundle of goods includes 2 units of good 1 and 1 unit of good 2, for a total cost of $2 + $4 = $6.

If the consumer's budget is $3,900, then he/she will be able to purchase $3,900 / $6 = 650 bundles. That means that he/she will be able to purchase 650 units of good 2.

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In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19
uranmaximum [27]

Answer:

B) $1,132,895

Explanation:

If the CPI = 15.2 in 1931, and in 2012 it was = 229.6, then President Hoover was making a fortune = (229.6 / 15.2) x $75,000 = $1,132,895, and he was a terrible president, one of the worst ones in all history.

In 2012 when President Obama was in office, he made around $400,000 and he was a much better president.

6 0
3 years ago
White Company has the following information at the end of the current year: Beginning Direct Materials Inventory $12,000 Ending
sweet [91]

Answer:

$17,000

Explanation:

Step 1: Determine the formula for the direct material used

= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory

The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.

Step 2: Fit the figures into the formula

Beginning Direct Material = $12,000

Purchases of Direct Materials = $15,000

Closing/ Ending Direct Material = $10,000

Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.

Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.

4 0
3 years ago
Who would certify the interoperability performance of a command and control system used by both the Army and the Navy?
Tom [10]

Answer:

A. Joint Interoperability Test Command (JITC)

Explanation:

The Joint Interoperability Test Command (JITC) is a wing of the United States Department of Defense that tests and certifies information technology products for military use. JITC provides risk based Test, Evaluation & Certification services, tools, and environments to ensure Joint War-fighting IT capabilities are interoperable and support mission needs.

7 0
3 years ago
Although Lenin wanted to establish, for the short term, a state-capitalist economic system in Russia, which resembled the succes
SashulF [63]

Answer:

war communism

Explanation:

The necessities of the civil war pushed the government to a more radical economic system known as war communism. This were the economic policies that were introduced in Russia in 1918 towards the end of the first World War by Vladimir Lenin which was the leader of Russia at that time. This Economic Policy was terminated in 1921 and was deemed as a failure.

4 0
4 years ago
An individual employed part-time at a retail store that schedules her based on the busiest times and days throughout the year, w
kykrilka [37]

Answer: contingent

                         

Explanation: It refers to the employment in which the job of an individual is not fixed with the company. In case of contingent employment, the employees are usually hired when there is a specific project to complete that needs extra work force.

Unlike seasonal employment the these employments are non recurring and there is no time fixed for employment that an individual could expect.

Thus, from the above we can conclude that the given case is an example of contingent employment.

8 0
3 years ago
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