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Elis [28]
4 years ago
14

Carla is not wealthy but attends a school in the wealthy part of her city. She works at a grocery store after school. Other girl

s at her school carry Gucci bags to school, wear Louis Vuitton clothing, Nikes for sports, and Jimmy Choo shoes for formal events. Carla is not invited to formal events because she cannot afford the designer clothing and accessories her classmates have. She has been invited to the prom but is concerned that she will look and feel out of place. She discusses her predicament with her neighbor, a kindly older woman, who assures her she has nothing to worry about because they can get her the clothes and accessories she needs at no cost or a fraction of the cost. The neighbor takes down her sizes and promises she will meet with her in a week. The next week, the
neighbor calls her and invites her over. In her living room, she has five Louis Vuitton dresses, and a variety of designer shoes, handbags, and accessories and tells her to pick out what she likes and try it on. She picks out a dress and shoes and takes them into the bathroom to try them on. She models them for the neighbor who insists that she take them and accessories she has picked out to go with them. Carla asks how much she owes for them and the neighbor tells her, "$200." Carla pays her and takes the purchases home with her. What type of utility is the focus of this scenario?
A. Possession
B. Time
C. Place
D. Form
Business
1 answer:
erica [24]4 years ago
5 0

Form

Explanation:

form because it talks how she needs designer clothes to fit in in its form.handles her clothing

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lara [203]
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5 0
3 years ago
Purchasing Power Parity (PPP) theory states that A. the exchange rate between currencies of two countries should be equal to the
natulia [17]

Answer:

The correct answer is A and B

Explanation:

PPP stands for Purchasing Power Parity, which is a theory that states or define as the exchange rate among the currencies of 2 countries, which should be equal to the ratio of the price levels of the countries.

It is grounded on The Law of One Price, which states all the identical goods  have the same price.

As the purchasing power of the currency which sharply decrease because of hyperinflation, that currency will be depreciated against the stable currencies.

8 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
jek_recluse [69]

Answer:

a. 116.9 and the inflation rate was 16.9%

Explanation:

<u>Definition</u>

Consumer Price Index (CPI) is a statistical measure that is constructed using a weighted average market basket of consumer goods and services produced by a household.

CPI = (Cost of market basket ₓ / Cost of market basket ₓ₁) * 100

where x = present year(2014) and x1 = base year(2012)

CPI = (90/77) * 100

CPI = 116.88

CPI = 116.9 (to 1 decimal place)

Inflation =<u>Current year basket cost - Base year basket cost</u>    * 100

                                    Base year basket cost

Inflation = <u>90-77</u>  * 100

                   77

Inflation = 16.88

Inflation = 16.9% ( to 1 decimal place)

7 0
3 years ago
Werner installs custom sound systems in cars. If he installs seven systems per day, his total costs are $300. If he installs eig
sergiy2304 [10]

Answer:

$100

Explanation:

Total cost if he installs seven systems = $300

Total cost if he installs eight systems = $400

Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.

Marginal cost of installing 8th system:

= Total cost of installing 8 systems - Total cost of installing 7 systems

= $400 - $300

= $100

The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.

Hence,

William will install eight systems per day only if the eight customer is willing to pay at least $100.

8 0
3 years ago
Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rat
mrs_skeptik [129]

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years

4 0
3 years ago
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