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rodikova [14]
2 years ago
8

Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound. Robinson's marginal utility is 30 for the last p

ound of mangos purchased and 10 for the last pound of bananas. If Robinson maximizes his utility from consuming these goods, the price of bananas is
Business
1 answer:
ANEK [815]2 years ago
8 0

Answer:

$1 per pound

Explanation:

Marginal utility is defined as the additional satisfaction that a person gains from consumption of an additional unit of a product.

Since Robinson spends all of his money on mangoes and bananas his the marginal utility per price of each product will be equal.

This is called equi marginal utility (Gossens second law).

Marginal utility of mango ÷ price of mango = marginal utility of banana ÷ price of banana

30 ÷ 3 = 10 ÷ price of mango

10 = 10 ÷ price of mango

Cross multiply

Price of mango * 10 = 10

Price of mango = 10 ÷ 10 = $1 per pound

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A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will
Dominik [7]

Answer:

85.3%

Explanation:

since profits = 20% of total revenue, so total revenue = $15,000 / 20% = $75,000

That means that total revenue must grow from $1,000 to $75,000 in just 7 years. We can use the future value formula to determine the growth rate:

future value = present value x (1 + r)ⁿ

$75,000 = $1,000 x (1 + r)⁷

(1 + r)⁷ = $75,000 / $1,000 = 75

⁷√(1 + r)⁷ = ⁷√75

1 + r = 1.853

r = 1.853 - 1 = 0.853 = 85.3%

7 0
3 years ago
Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for co
kenny6666 [7]

business broker's

Explanation:

Business Brokers are the professionals who help purchase business in return of commission.

8 0
3 years ago
These bonds are not backed by any physical collateral. They are backed by the reputation and creditworthiness of the issuing com
aleksley [76]

Debentures are bonds that are not backed by any physical collateral. They are backed by the reputation and creditworthiness of the issuing company.

Are debentures backed by assets?

Because the issuer anticipates paying back the loans with money from the sale of the business initiative they helped fund, debentures are also known as revenue bonds. Debentures are not backed by tangible property or collateral. They have the issuer's full faith and credit as their only guarantee.

What is debenture and its characteristics?

An extended source of funding is provided by the debentures. They are made up of a protracted predetermined maturity phase. The debentures are typically repaid at the conclusion of their 10–20 year maturity period. The business returns the investor's principal investment amount at maturity.

Learn more about debentures backed by assets: brainly.com/question/14788206

#SPJ4

4 0
1 year ago
From 2007 to 2012, the u.s. personal savings rate rose. if the additional savings were not translated into investment, keynes wo
ankoles [38]
Keynes would predict that aggregate income would decline, but rise in the future, if the additional savings were not translated into investment.
According to the Keynesian model. the government puts price controls on the economy, keeping the price level fixed.
6 0
3 years ago
A. trade-off<br>B. investment<br>C. frontier<br>D. growth ​
disa [49]

Answer:

The answer is "Option C"

Explanation:

The curve on the graph is also known as the arc, which is used in the connected mixture of perceptual lines to three additional lines in standard dual points. The Frontier production options is a nice graph of all the various output mixture of different products which can be produced utilizing existing techniques and knowledge.

3 0
3 years ago
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