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Mkey [24]
3 years ago
12

Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal uti

lity per dollar spent is ________ for ________ goods.
Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer:

The options are

A) as small as possible; all

B) equal; all

C) equal; normal

D) maximized; all

The answer is B) equal; all

Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.

This is to ensure that he cuts cost and maximizes his spending power.

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Consumers are willing to pay more for a product if
love history [14]
I think it should be A
5 0
3 years ago
1. You are a small employer wishing to establish a benefits program for your employees. What things should you consider to ensur
Ira Lisetskai [31]

The program is considered to be success when it is implemented properly.

Employee benefit programs include health and life insurance, preventative doctor care, and the free health checkups, all of which aid employees in maintaining excellent health and fostering wellbeing. These benefits increase employee satisfaction with your company.

Employers have a significant and costly challenge in managing employee benefits. While most companies are required to give mandated benefits such as Social Security payments, worker's compensation insurance, and unemployment insurance, the majority of other benefits are optional and selected by the company.

Therefore,  the answer is proper implementation.

To know more about benefit program click here:

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8 0
2 years ago
On December 31, before the closing entries, the following information is available for Jones Company: Service Revenue $10,000 To
madreJ [45]

Answer:

$15,000

Explanation:

Closing retained earnings is the accumulated value of an entity`s profit reserve from its earnings from  both current and past accounting periods.Closing retained earnings is calculated by deducting dividend paid from earnings after tax of the current year and adding the balance to opening retained earnings.

= Opening retained earnings + (Earnings after tax   -  Dividend paid)

Based on the information supplied, the closing retained earnings will be:

                                                                              $

Service Revenue                                                10,000

Total Expenses                                                  (6,000)

Operating profit                                                  4,000

Dividend                                                           <u>  (1,000)</u>

Retained Earnings                                              3,000

Retained Earnings b/f                                      <u>   12,000</u>

Closing Retained Earnings                            <u>     15,000</u>

Note: No information in regard of tax, so the operating profit is used as profit after tax.

8 0
3 years ago
The economic situation of Rutenia is characterized by the following facts: GDP. Strong economic growth, of about 4%. Unemploymen
True [87]

Answer:

See below

Explanation:

Although a great GDP of 4% gives the impression of a strong economy, as is the case here, the inflation rate is much higher than desired. So, economic policies need to be reviewed in order to determine where the problem lies and what steps can be taken to remedy this situation.

3 0
3 years ago
Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to sell the car for $5800. ste
Novay_Z [31]
He should just seek the car for 3,800 if he was to continue with the restoration he would lose and extra 600 bucks. hes already lost 200 investing in the car already. so either way hes not making any sort of profit. hes just waiting his time.
3 0
3 years ago
Read 2 more answers
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