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notka56 [123]
3 years ago
6

Alexandra is maximizing her utility over goods x and y subject to her budget constraint. Her preferences are smooth (maximizers

are always interior). At her optimal consumption bundle, her MRS of goof y for good x is equal to 1. The price of good x is $4. What is the price of good y?
Business
1 answer:
VashaNatasha [74]3 years ago
7 0

Answer: $4

Explanation: The optimization ratio between good x and y is the same .

In other words .Alexandra is maximizing her utility over goods x and y subject to her budget constraint at constant ratio . This is from the fact that At her optimal consumption bundle, her MRS of goof y for good x is equal to 1.

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Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th
VMariaS [17]

Answer:

The amount of life insurance is $259700

Explanation:

Easy method for calculating amount of life insurance is a method for families with both spouses working, in good health, with average debt, and not more than three children. It gives an estimate of 7 years of income at 70%. Using easy method, the formula is given as:

life insurance requirement = Annual income × 7 years × 70%

Given that Annual income = $53000

amount of life insurance = $53000 × 7 years × 70% = $259700

8 0
3 years ago
A salesperson earns a weekly salary of $600 plus a commission of 1 percent of sales over $2,000. If he earned $650 in a certain
scoundrel [369]

Answer:

$ 7000

Explanation:

Given data;

Weekly salary of the salesperson = $ 600

Commission earned = 1 % on the sales over $ 2000

The amount earned by the salesman in the week = $ 650

Thus, the commission received = $ 650 - $ 600 = $ 50

Now,

let the amount over $ 2000 for which the commission of $ 50 paid be 'x'

therefore,

1 % of x = $ 50

or

0.01x = $ 50

or

x = $ 5000

Hence, the total sales was of $ 2000 + $ 5000 = $ 7000

3 0
3 years ago
Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol
disa [49]

Answer:

Explanation:

Date     Unit    Unit cost    Total       Goods sold     Cost   Total

May 1    28         9                252              28                9       252

May 15  26        10               260              26                10      260

May 24 39         11                 429             26               11        286

Total      93                             941              80

1) Weighted average unit cost = 941/93 = $10.118

FIFO method

2)Ending inventory  (93-80)*11 =$ 143

FIFO method assumes that the first set of inventory are the first to be sold

LIFO method

LIFO assumes that the last set of inventory are the first to be sold

    Goods Sold       Cost     Total

            39                  11       429

            26                  10      260

             15                  9         135

Ending Inventory = (93-80)*9 = $117

Average Cost Method

Ending Inventory = 13 * 10.118 =$131.534

5 0
3 years ago
The owner of a leased property conveys possession of the property to the tenant providing them with uninterrupted us of the prop
Harrizon [31]

Answer:

Quiet enjoyment

Explanation:

Quiet enjoyment is a clause in lease agreement that provides a guarantee that the tenant will occupy the property in peace without interference from any other claimants or the landlord.

For example this clause protects a tenant from being removed from a property by someone of higher rank or authority like an agent.

The law recognises quiet enjoyment even when it is not stated explicitly in a lease agreement. It is assumed that every tenant has a right to quiet enjoyment

6 0
3 years ago
A business acquires a new software​ product, installs it on its​ hardware, and converts the data to be processed by the software
Alja [10]

Answer:

D. the people were inadequately trained on how to use the new system

<u>Missing information:</u>

A. the network cannot support the data transmissions

B. the software is full of errors

C. the software performs the wrong tasks

D. the people were inadequately trained on how to use the new system

E. the hardware is not functional

Explanation:

Assuming the provider of the software act in well-being and provides a functional software that will not crash every time is used (E) and (B)

The most probable reason is that people didn't understand the new interface, mechanics or features of the new system thus, performing below expected as they may though their productivity was going to increase while in fact it decrease or the daily task are now more harded to complete

3 0
3 years ago
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