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3 years ago

The goal of utility maximization is to allocate your in order to maximize your .

1 answer:

5 0

<span>The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.
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Suppose Americans suddenly develop a strong taste for Canadian whiskey. What happens to the demand for Canadian dollars in the f

weeeeeb [17]

Answer:

A) If there is a sudden spike in the demand for Canadian Whiskey, the demand for Canadian Dollars will shoot upwards in the FX market.

B) When the demand for Canadian dollars does up in the FX market, the forces of demand and supply will force its price to increase in relation to the dollar.

C) If America is not exporting any commodity, or the number of Canadian goods imported into America is less than what it shipped out to them, then there is a trade deficit. Trade deficits if sustained can lead to a weaker currency.

D) Because the export demand for Canadian Whiskey has taken an upward spiral, the number of net exports in Canada will increase. When this happens, the currency is strengthened and so is the Canadian dollar. When the strength of a currency increases, it automatically gives more purchasing power to those holding that currency.

When compared to the U.S. with a consistently lowered net export, the dollar is likely to depreciate in value, thus eroding the spending or purchasing power of the U.S. dollar.

Cheers!

5 0

4 years ago

Bank Teller:

timofeeve [1]

Rather than taking $10,000.00 from a dormant account to carry out the operation, she could have solicited funds elsewhere.

1. This is an ethical problem. In this case, the bank teller is wrong for taking $10,000.00 from the dormant account to carry out the operation. This is wrong and she could be sent to jail because this is fraudulent.

2. The stakeholders, in this case, are the bank, and the owner of the account.

3. The alternatives that the bank teller could have done include:

Borrowing from friends
Taking a loan.
Soliciting for help online or from non-profit organizations.

4. I'll choose "Soliciting for help online or from non-profit organizations" since it'll be free and I won't have to pay the loan back.

Read related link on:

brainly.com/question/21851842

8 0

3 years ago

During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash

ArbitrLikvidat [17]

Answer:

1. December 31, 2021

Dr Uncollectible amounts $12,500

Cr Allowance uncollectible amounts $12,500

2a. Dr Allowance uncollectible amounts $10,000

Cr Accoutns receivables $10,000

2b $2,500

Explanation:

1. Preparation to Record the adjusting entry for uncollectible accounts on December 31, 2021.

December 31, 2021

Dr Uncollectible amounts $12,500

Cr Allowance uncollectible amounts $12,500

[($60,000-$110,000)*25%]

(To record allowance)

2a. Preparation of the journal entry to Record the write-off of accounts receivable in 2022

Dr Allowance uncollectible amounts $10,000

Cr Accoutns receivables $10,000

(To Record the write-off of accounts receivable in 2022)

2b. Calculation to determine the balance of Allowance for Uncollectible Accounts at the end of 2022

Balance of the allowance accounts=[ 60,000-110,000)*25%] -$10,000

12,500 - 10,000 = 2,500

allowance uncollectible amounts 15,000 debit

accoutns receivables 15,000 credit

--to record write-off 2022--

8 0

3 years ago

If real output in an economy is 1,000 goods per year, the money supply is $300, and each dollar is spent an average of 4 times p

IceJOKER [234]

Answer:

D. 1.20.

Explanation:

300 dollars x 4 multiplier = 1,200 dollars in the economy.

There are 1,000 goods in the whole economy

1,200 dollar purchase 1,000 goods

on average: $1,200 / 1,000 units = $1.20/per unit

with 1.20 dollar you can purchase a single good

Notice: this means average is 1.20 dollars it do not implies all goods are worth 1.20 dollars

5 0

3 years ago

On May 20, White Repair Service extended an offer of $108,000 for land that had been priced for sale at $140,000. On May 30, Whi

Masteriza [31]

Answer:

Explanation:

In this question, we are asked at what value should the land be recorded in White Repair services records.

Technically, the value of land is to be recorded as purchase price plus improvements.

Generally, what we mean by improvements include such fees such as attorney fees. Looking at the question, we cannot find any of the entries that speaks about payment yo an attorney or any general land issue. This means that we only record the value of the land as purchase price only.

Looking at the question, the purchase price is the accepted seller’s counter offer. This value is $115,000. Hence, it is the value at which the land would be recorded in White repair service records

8 0

3 years ago

The goal of utility maximization is to allocate your ______ in order to maximize your ______.

The goal of utility maximization is to allocate your in order to maximize your .