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VashaNatasha [74]
3 years ago
7

An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment i

s 2 units of apples and 4 unit of bananas. Sue’s initial endowment is 4 apples and 4 units of bananas. Jimmy’s utility function over apples and bananas is U(AJ, BJ) =AJ1/2 BJ1/2. Sue’s utility function is of the form U(AS, BS) =AS+BS, where AJ and BJ are the amounts of apples and bananas for Jimmy and AS and BS are amounts of apples and bananas for Sue.The equation of the contract curve in terms of Jimmy’s coordinates is:________
a. BJ= 2AJ
b. BJ=(A2J)/2
c. BJ=AJ
d. BJ= (8AJ)/(1+AJ)
e. None of the above
Business
1 answer:
Aleks04 [339]3 years ago
8 0

Answer:

(a) BJ = AJ

In equilibrium, apples and bananas have the same price.

Jimmy’s consumption bundle must be 3 apples and 3 bananas

i just did this

Explanation:

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The cost of unloading is $52,000  

Explanation:

Cost is the cash interest that a corporation has expended on sales and accounting to manufacture it. Within an organization, costs represent the amount of money spent on manufacturing or developing a good or service. Price requires no benefit premium.

Resource Unloading Equipment $15,000

Fuel $2,000

Operating Labour = (25% × [4 $35,000] = $35,000) ​

                              = $35,000

Total = $35,000+$15,000 +$2,000  

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5 0
4 years ago
Assume that Smith Corp. will need to purchase 200,000 British pounds in 90 days. A call option exists on British pounds with an
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Answer:

maximum amount in dollar is payable = $344000

so correct option is a. $344,000

Explanation:

solution

we find here premium that is paid here

premium paid = 200000 pounds ×  $0.04

premium paid = 8000

and

amount payable in Dollar for 200000 pounds is

amount payable in Dollar = 200000 × $1.68

amount payable in Dollar = $336000

so whatever is happen in market

maximum amount in dollar is payable is

maximum amount in dollar is payable = $336000 + $8000

maximum amount in dollar is payable = $344000

so correct option is a. $344,000

3 0
4 years ago
The most important advantage to the corporate form of business is:.
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Answer:

limiting the personal liability of its directors toward the company's creditors,

7 0
3 years ago
If you buy a burger and fries at your favorite fast food restaurant, Group of answer choices then neither GDP nor consumption wi
Fudgin [204]

Answer:

d. then both GDP and consumption spending will be higher

Explanation:

In case when the consumer purchased a burger and the fries to the favorite of his fast-food restaurant than it leads to an increase in the spending of the consumer and the Gross domestic product

As if the consumer spends his money so automatically his consumer spending risen also leads to the increase in gross domestic product.

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4 years ago
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Yakvenalex [24]

Answer:

Classifying a cost as either direct or indirect depends upon B: whether the cost can be easily traced with the cost object

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The classification of a cost as direct or indirect depends on the connection to the cost object. If the cost can be linked undeviatingly to the cost object, it is direct. On the contrary, if it can't be traced to the cost object it is indirect.

A. whether a cost is fixed or variable. Incorrect. A direct cost can be fixed or variable.

B. whether the cost can be easily traced with the cost object. Correct.

C. the behavior of the cost in response to volume changes. Incorrect. This is a variable cost (or fixed that changes in relevant range)

D. whether the cost is expensed in the period in which it is incurred. Incorrect.

6 0
4 years ago
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