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Alecsey [184]
3 years ago
13

Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume

that the price of X is $60, the price of Y is $30 and Rafe has an weekly income of $180. Which of the following is true? He can afford 6 units of good Y. His budget line has a slope of 1/3. He can afford 6 units of good X. His budget line has a slope of −1/3.
Business
1 answer:
serg [7]3 years ago
8 0

Answer:

True : <u>He can afford 6 units of good Y</u>'

Explanation:

Budget Line is a combination of two goods, consumer can afford with entire given money income & prices.

Equation : p1 x1 +p2 x2 =  m. Here p1 & p2 are prices of two goods, x1 & x2 are quantities of two goods, m is money income.

Intercept of budget line is max quantity of a good consumer can buy spending only on either good. Formula = m / p1 & m / p2

As : m = 180 , p1 (px) = 60 , p2 (py) = 30 . Intercepts (x & y) = 180 / 60 = 3  & 180 / 30 = 6 respectively.

So, '<u>He can afford 6 units of good Y</u>' is True. 'He can afford 6 units of good X' is False.

Slope shows the trade off of goods, given money income & price. Formula = = p1 / p2 = px / py = 60 / 30 = (-) 2. 'His budget line slope = 1/3 or -1/3',  both are False

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An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b
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Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is ​$1,800,000 per year and for natural gas the annual revenue is ​$581,000 per year.

Total Annual Revenue

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= $1,800,000 + $581,000

= $2,381,000

The bid amount should be the present worth of total annual revenue.

Present Worth of total annual revenue

= Revenue \times\ \frac{( 1 + i )^{n} -1 }{i (1 + i)^{n} }

= $2,381,000\ \times\ \frac{( 1 + 0.11 )^{9} -1 }{0.11 × (1 + 0.11)^{9} }

= $2,381,000\ \times\ \frac{( 1.11 )^{9} -1 }{0.11 × (1.11)^{9} }

= $2,381,000\ \times\ \frac{2.5580 - 1 }{0.11 × 2.5580 }

= $2,381,000\ \times\ \frac{1.5580 }{0.281}

= $2,381,000\ \times\ 5.544

= $13,200,264

7 0
3 years ago
Bellbird Corporation acquired an 80% interest in Honey Inc for $130,000 on January 1, 2014, when Honey had Capital Stock of $125
Lyrx [107]

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$15,750

Explanation:

The computation of the net income reported by two methods is shown below:

= Income from Corporal + Non-controlling interest income

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Or we can one thing also

= Income from Corporal ÷ acquiring percentage

= $12,600 ÷ 80%

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All other information that is mentioned in the question is not relevant. Hence, ignored it

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Caplico Company has prepared the following sales budget:
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Read 2 more answers
. A manufacturer uses manages its inventory using fixed quantity system and wants to be able to fully supply its customers at le
Vsevolod [243]

Answer:

Lead time needed is approximately 1 day

Explanation:

In this question, we are asked to calculate the maximum number of lead days needed by a manufacturer to give a supplier

We proceed as follows;

They want to be able to fully supply the customer at least 50 out of the 52 weeks.

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√L = 1.142857142

L = 1.142857142^2

L = 1.306122448

6 0
3 years ago
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