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Mamont248 [21]
3 years ago
12

Suppose the price of Good X is $4 and the price of Good Y is $3. If a consumer has a Marginal Rate of Substitution (MRSxy) of 1

for the bundle they are considering, then given their budget constraint, the consumer
a. Cannot reach a higher level of utility given their budget constraint.
b. Would have a higher utility if they bought more of Good X.
c. Would have a higher utility if they bought less of Good X
Business
1 answer:
nexus9112 [7]3 years ago
4 0

Answer:

c. Would have a higher utility if they bought less of Good X

Explanation:

Since the marginal rate of substitution is -1, this means that at that point the consumer is indifferent between product X and product Y, but since product X is more expensive than product Y, he/she will increase their utility per dollar if at least one more unit of product Y is bought instead of one unit of product X.

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Artemon [7]

After the three is to one split, for every one old share, there will be three new shares.

So number of new shares = 5000*3 = 15,000 shares

Since the number of shares increased three fold, the price per share will decrease by three fold.

So the price per share after split = 12/3 =$4

So, after the split, there will be 15,000 shares at $4 per share

6 0
3 years ago
Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. greg
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The answer to this question is: Effective manager
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6 0
4 years ago
Significant noncash investing and financing activities are disclosed because they
Wittaler [7]
D is the most suitable answer
4 0
3 years ago
marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by blank .
Bad White [126]

'Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by communicating offerings, delivering offerings, and creating offerings.

Marketing is the process of researching, creating and offering value to meet the needs of a target market for goods and services.

Despite its complexity, marketing boils down to four things: product, price, promotion and location. Tactics and channels change, but they are the concepts upon which everything else evolves, the principles that never change. Some models extend these basic principles to 7 hp or other variations.

Marketing attribution is the practice of evaluating the marketing touchpoints a consumer encounters along the way to purchase. The goal of attribution is to determine which channels and messages had the greatest impact on conversion decisions or desired next steps.

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8 0
2 years ago
You are offered a court settlement in the following terms: you will receive 7 equal payments of $7,275 each every year, with the
-Dominant- [34]

Answer:

$34,244.98

Explanation:

For computing the settlement worth in present value terms  first we have to determine the future value which is shown below:

Value at year 4 = Annuity  × [1 - 1 ÷ (1 + interest rate)^number of years] ÷ interest rate

= $7,275 × [1 - 1 ÷ (1 + 0.07)^7] ÷ 0.07

= $7,275 ×  [1 - 0.6227497419 ] ÷ 0.07

= $7,275 ×  5.3892894016

= $39207.08

Now the present value is

As we know that

Future value = Present value × (1 + interest rate)^number of years

$39,207.08 = Present value × (1 + 0.07)^2

So, the present value is

= $39,207.08 ÷ 1.1449

= $34,244.98

We simply applied the above formula so that the present value comes i.e today's value

3 0
3 years ago
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