Answer:
Units Completed and Transferred: 2,700
Explanation:
Units Completed and Transferred: Beginning Units in Process + Units Received - Ending Units in Process
Beginning Units in Process: 400
Units Received: 2,500
<u>Ending Units in Process: (200)</u>
Units Completed and Transferred: 2,700
Tempurature. This is because if it is in any other container, it could absorb the sun's heat, making the milk warmer. With the clear bottle, the sun's heat will mostly pass through it.
Answer:
Assuming that Hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is <u>2</u> jars of honey and <u>4</u> gallons of milk.
Explanation:
This question is missing a table that should be as follows:
quantity total util. marginal quantity total util. marginal
of milk from milk utility per $ of honey from honey utility per $
1 32 16 1 44 11
2 60 14 <u> 2 84 10</u>
3 84 12 3 120 9
<u>4 104 10</u> 4 152 8
5 120 8 5 180 7
6 132 6 6 204 6
7 140 4 7 224 5
8 144 2 8 240 4
We should purchase quantities that yield the same marginal utility per dollar spent, options are:
- <u>4 gallons of milk and 2 jars of honey ⇒ total cost = $8 + $8 = $16</u>
- 5 gallons of milk and 4 jars of honey ⇒ total cost = $10 + $16 = $26
- 6 gallons of milk and 6 jars of honey ⇒ total cost = $12 + $24 = $36
- 7 gallons of milk and 8 jars of honey ⇒ total cost = $14 + $32 = $46
