1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
2 years ago
6

A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, a

nd the marginal rate of transformation is -2. How many units of good G can be purchased if all income is used to purchase good G
Business
1 answer:
olga2289 [7]2 years ago
7 0

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

You might be interested in
Westfield Graziers packages and distributes three grades of animal feed. The material cost per tonne and estimated annual sales
7nadin3 [17]

Answer:

1. Particulars                     Super premium      Premium      Economy

Material cost                            $16                        $12              $10

Indirect cost (40000/10000)  <u>$4 </u>                        <u>$4 </u>              <u>$4</u>

Total cost                                 $20                       $16              $14

Profit (100% of total cost)        <u>$20 </u>                      <u>$16 </u>             <u>$14</u>

Selling price                             <u>$40</u>                       <u>$32 </u>            <u>$28</u>

<u />

2. Yes, the price calculated in part A takes into account what customers are willing to pay. This can be said because the company has the policy of adding 100% to the total cost. This means that the company knows that customers will be willing to pay that much amount.

8 0
3 years ago
A total-cost curve shows the relationship between the
Tanzania [10]
The answer has to be a
5 0
3 years ago
Business can handle risks through which of the following
lana [24]

Answer:

offering a wide range of products

Explanation:

5 0
3 years ago
Read 2 more answers
In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins
serg [7]

Answer:

Jasmine recognize $1,940 this year if she uses the accrual method of accounting.

Explanation:

The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.

The entry to record the receipt of payment is :

Cash $15,520 (debit)

Unearned Rental Income $15,520 (credit)

By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :

Unearned Rental Income $1,940 (debit)

Rental Income $1,940 (credit)

Rental Income calculation = $15,520 × 4 / 32

                                           = $1,940

5 0
3 years ago
During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R
zmey [24]

Answer:

$84,500

Explanation:

Data provided as per the question

Net income = $85,000

Depreciation expenses = $1,500

Accounts receivables = $3,000

Increase in accounts payable = $1,000

The computation of amount of cash provided by operating activities is given below:-

Amount of cash provided by operating activities = Net Income + Depreciation expenses - Accounts receivables + Increase in accounts payable

= $85,000 + $1,500 - $3,000 + $1,000

= $84,500

Therefore, for computing the Amount of cash provided by operating activities we simply applied the above formula.

5 0
3 years ago
Other questions:
  • Which words from this campaign best indicate the target audience?
    8·2 answers
  • Which structure would you be most likely to choose if your company wanted to give its sales people a predictable paycheck and al
    6·2 answers
  • Thanks to his firm's decentralization and use of responsibility accounting, Matt has more time to review a proposed new joint ve
    11·2 answers
  • Keeping federal withholding allowances less than 6, in which of the following cases will the amount of federal tax withheld from
    7·1 answer
  • What is the main responsibility of the press secretary?
    14·2 answers
  • Which type of account is typically the MOST liquid? Checking account Savings account Certificate of Deposit Exchange Traded Fund
    12·1 answer
  • Culture is all of the following, Except
    6·1 answer
  • Upon graduation from​ college, Warren Roberge was able to defer payment on his ​$33 comma 000 student loan for 9 months. Since t
    15·2 answers
  • A change in tastes or fashions can impact..
    14·1 answer
  • Interest payable, income tax payable and salary payable are all examples of _______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!