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andriy [413]
3 years ago
10

Melika spends all her income on two goods, magazines and carry-out lunches. The price of a magazine is $5, and the price of a ca

rry-out lunch is $7. At the current consumption bundle, the marginal utility of magazines is 10, and the marginal utility of carry-out lunches is 21. To maximize utility given her income, Melika should: Group of answer choices increase her consumption of carry-out lunches and decrease her consumption of magazines. increase her consumption of magazines and decrease her consumption of carry-out lunches. consume equal amounts of magazines and carry-out lunches. continue to consume the current bundle.
Business
1 answer:
kirill115 [55]3 years ago
6 0

Answer:  increase her consumption of carry-out lunches and decrease her consumption of magazines.

Explanation:

Melika should buy more of the good that gives her more utility per dollar spent.

Magazine utitlity per dollar spent:

= Marginal utility / Price

= 10 / 5

= 5 per dollar

Carry-out lunches:

= 21 / 3

= 7 per dollar

Carry-out lunches give her a greater utility per dollar so Melika should consume more of that than magazines.

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The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
Elanso [62]

Answer:  Stratified random sampling

Explanation:

Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.

The best sampling strategy which we can use is stratified random sampling because it is not much costly and also it induces the efficiency . We can me different strata according to the 4 brands , then we can randomly select participants for the sample.

  • Stratified random sampling is a method of probability sampling in which a researcher divides the entire population into multiple homogeneous groups known as strata and then he randomly select an sample members from each strata for research .
4 0
3 years ago
Each of two stocks, A and B, are expected to pay a dividend of $5 in the upcoming year. The expected growth rate of dividends is
Rama09 [41]

Answer:

The intrinsic value of Stock A is 500

Explanation:

According to the DDM method the formula for calculating the intrinsic value of a stock is

Upcoming Dividend/Required rate of return - Growth rate of stock.

Upcoming Dividend of Stock A= 5

Required rate of return on Stock A= 11% or 0.11

Growth rate on stock A= 10% or 0.10

Intrinsic value of stock A=

5/(0.11-0.10)=5/0.01=500

The intrinsic value of Stock A is 500

4 0
4 years ago
A Japanese steel firm sells steel in the United States and in Japan. Since the United States buys steel from a number of differe
Nostrana [21]

Answer:

Charge a lower price in the United States and a higher price in Japan.

7 0
3 years ago
An idea from monetarism that has been absorbed into mainstream macroeconomics would be the Multiple Choice effects of aggregate
vladimir1956 [14]

Answer:

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Explanation:

5 0
3 years ago
Synthetic Fuels Corporation prepares its financial statements according to IFRS. On June 30, 2019, the company purchased equipme
Elza [17]

Answer:

The correct interpretation of the given problem is outlined in the following portion of the explanation.

Explanation:

On 2019,

Company purchased = $540,000

Life useful = 5 years

(1)...

On year 2019,

Depriciation=\frac{Cost - Residual \ Value}{useful \ life}

On putting the values, we get

⇒                   =\frac{540,000-0}{5}

⇒                   =108,000

Journal - Dr $108,000 in depreciation A/c.

(2)...

Assets A/c Dr $ 92,880, To reassess surplus $92,880

Now,

Revalution \ Amount= Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets

On putting the values, we get

⇒                               =432,000 - 524,880

⇒                               =92,880 (Gained revaluation)

(3)...

On year 2020,

Depriciation = \frac{Cost - Residual  \ Value}{ useful \ life}

On putting values,

⇒                  =\frac{524,880}{4}

⇒                  =131,220

Journal - Depreciation A/c Dr. $131,220

.

(4)...

Surplus revaluation: Dr $39,312

Revalution \ Amount = Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets

On putting values,

⇒                               =393,660-354,348

⇒                               =39,312 (Loss revaluation)

3 0
3 years ago
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