Answer: (D) buy more ice cream and fewer cookies
Explanation: When a consumer spends all of his income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the consumer's total utility is maximized. Buying more of ice-cream gives the only combination that gives him the same marginal utility per dollar Bobby spends on cookies as on ice cream.
Marginal utility estimates the added satisfaction a consumer gets from consuming additional units of goods or services. It is used to determine how much of a product consumers are willing to purchase.
Answer:
$2.51 per unit
Explanation:
The computation of the cost per equivalent unit is shown below:
But before that the equivalent units is to be computed
Equivalent units = units completed + equivalents units in ending inventory
= 8,400 units + (13,200 units × 42%)
= 13,944 units
Now
Cost per equivalent unit = cost incurred ÷ equivalent units
= $34,980 ÷ 13,944 units
= $2.51 per unit
Answer:
Market estimate of the one year treasury rate one year from now is 11.76%
Explanation:
The formula for pure expectations theory used in forecasting future interest rate is given below:
One year interest rate=(1+r2)^n+1/(1+r1)^n-1
r2 is the forecast interest rate in two years which is 8.7600%
r1 is the forecast interest rate in year 1 which i 5.8400%
n is one year from now
one year interest rate=(1+8.7600%)^2/(1+5.8400%)^1-1
one year interest rate=(1+0.087600)^2/(1+0.058400)^1-1
=1.087600^2/(1.058400)^1-1
=1.18287376
/1.058400-1
=1.117605593-1
=0.117605593
=11.76%
They were in New York City.
Answer:
c. integrated brand promotion
Explanation:
Integrated marketing communications is the method of making use of advertising means in a combined way in order to create brand recognition, identification and preference. Similarly to advertising, it intends to persuade customers about their choices, and it is becoming more digital and interactive.
