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Yuri [45]
3 years ago
13

Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal uti

lity) that a consumer would get from successive quantities of products J and K.
Units of J MUj Units of K MUk
1 56 1 32
2 48 2 28
3 32 3 24
4 24 4 20
5 20 5 12
6 16 6 10
7 12 7 8
If the consumer's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing:
a. 4 units of J and 5 units of K.
b. 6 units of J and 3 units of K.
c. 5 units of J and 5 units of K.
d. 2 units of J and 7 units of K.
Business
1 answer:
wlad13 [49]3 years ago
6 0

Answer:

d. 2 units of J and 7 units of K.

Explanation:

Marginal utility of a consumer is the measure of the benefit gained by consuming each additional unit. In the given scenario the consumer will gain from consuming each additional unit of J and K. When the consumer will have more of J then his marginal utility will decline which indicates that there should be combination of J and K.

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A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds.The current
Lady_Fox [76]

Answer:

1.10 dollars or 110 cents

Explanation:

We have a fall in the balance margin by contract.

We calculate the change as:

-1,500 =[ future price - (1.20)]*15000

We got 1.20 by dividing 120 by 10.

-1500 = [future price - (1.20)]*15000

Divide through by 15000

-1500/15000 = future price - 1.20

-0.10 = future price -1.20

Collect like terms

-0.10+1.20 = future price

1.10 = future price

Therefore the margin is $1.10 or 110 cents

5 0
3 years ago
Multiple choice-- economics
gtnhenbr [62]

Answer:

The effect of increasing the money supply on inflation

Explanation:

Economics can be classified into two (2) categories, namely;

1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.

Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.

In conclusion, microeconomics focuses on all of the aforementioned statements except the effect of increasing the money supply on inflation because it is a macroeconomic factor.

5 0
3 years ago
A project produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost i
rjkz [21]
Initial cost = $197,000
Total net accounting income over three years = $18,200+$21,800+$22,900 = $62,900

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Accounting rate of return = Average net annual income / Initial cost = 20,966.67/197,000 = 0.106 = 10.6%

Since Accounting net income is  lower than the required discount rate, the project is not viable.
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3 years ago
What does required fields mean someone please answer
Naddik [55]

required field means those are feilds or blanks that you have to answer

7 0
3 years ago
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Private enterprise is most unlikely associated with
Nutka1998 [239]
A because capitalism is FREE enterprise and public companies don’t relate to either of them
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