Answer:
Option (B) is correct.
Explanation:
The utility maximization point for a consumer is as follows:
It is given that,
price of Pepsi(x) = $1 per can
price of a hamburger(y) = $2
Marginal utility from Pepsi = 4
Marginal utility from hamburgers = 6
Hence,
4 > 3
Therefore, it can be seen that the consumer's utility is not maximized at this point.
Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.
So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.
The panel of economists appointed by the senate finance committee estimated that the cpi <u>overestimates</u> inflation by approximately <u>1</u> percentage point(s) per year.
An economist is a professional and practitioner within the social technology subject of economics. The individual may additionally take a look at, increase, and follow theories and ideas from economics and write about economic coverage.
Economists look at the manufacturing and distribution of sources, items, and services by gathering and studying facts, gaining knowledge of trends, and comparing monetary problems.
An economist is a person who studies the reasoning behind the back of choices humans make and is interested in using the information to boost income, create better public coverage, or conduct research.
Learn more about economists here brainly.com/question/17996535
#SPJ4
I'm pretty sure the answer would be a budget? A good budget is a way you can keep track of your money. Like what you are spending it on in different categories (like bills, entertainment, food, etc) and how much money is being spent in each.
Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
Answer:
The answer is: 2500 employees
Explanation:
Giving the following information we need to calculate the number of employees:
Total production= 60000
Hours per worker= 160 hours
labor productivity= 0,15
It takes to a single employee= 1/0,15= 6,67 hours to make a heater.
Each worker produces=160/6,67=24 heaters a year.
Now we can calculate the number of workers:
60000/24= 2500 employees
