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d1i1m1o1n [39]
2 years ago
6

Garcia is currently spending his entire lunch budget on 3 sodas and 4 hot dogs. At his current level of consumption, Garcia's ma

rginal utility for sodas is 5 utils and his marginal utility for hot dogs is 10 utils. In order to maximize his total utility, Garcia should
ANSWER: maintain his current level of consumption if the price of soda i $1 and the price of a hot dog is $2

I need an explannation on why this is correct
Business
1 answer:
MatroZZZ [7]2 years ago
3 0

Answer:

He should maintain this because since he is buying 3 sodas and 4 hot dogs they each one cost 2 and 1 respectively that would mean that for each dollar he spends he gets one utility.If he shifts the balance he might not max out his utility per dollar.

Explanation:

You might be interested in
The double-entry principle in the balance-of-payments
Sliva [168]

Answer:

The Current account is for goods and services.

The Financial account is for exchange of currencies and financial assets across countries.

Miguel, a U.S. resident, buys an HDTV set for  $2,500 and sends it to Mexico as a gift to his parents. <u>DEBIT CURRENT ACCOUNT. CREDIT CURRENT ACCOUNT. </u>

Miguel buys the good in the U.S. and then sends it so this falls under the current account alone.

Arielle, a French tourist, stays at a hotel in San  Francisco and pays $400 for it with her debit  card issued by a French bank. <u>DEBIT FINANCIAL ACCOUNT. CREDIT CURRENT ACCOUNT. </u>

The Financial account should be debited to show that currency is coming into the U.S. from outside the country and current account should be credited for services rendered.

A U.S. computer manufacturer purchases hard  drives from a Korean company, paying the funds  from its bank account in Korea. <u>DEBIT CURRENT ACCOUNT. CREDIT FINANCIAL ACCOUNT. </u>

Current account should be debited to reflect that goods are coming into the country but the financial account should be credited to show that currency is leaving the ownership of an American entity so it is passing out of American hands.

3 0
3 years ago
Each business day, on average, a company writes checks totaling $13,200 to pay its suppliers. The usual clearing time for the ch
MrMuchimi

Answer:

A. Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B. Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

Explanation:

A. Calculation for the company’s disbursement float, collection float, and net float.

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*2days)

Collection Float = $47,600

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$47,600

Net Float= $6,200

Therefore the company’s disbursement float, collection float, and net float will be:

Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B.Calculation to determine what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*1 days)

Collection Float = $23,800

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$23,800

Net Float= $30,000

Therefore what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two will be:

Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

7 0
2 years ago
The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:__
vlada-n [284]

Answer:d

Explanation:maybe

6 0
2 years ago
Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
oee [108]

Answer:

b) overall low-cost leadership

Explanation:

By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.

3 0
3 years ago
Due to a recession, expected inflation this year is only 4.25%. However, the inflation rate in Year 2 and thereafter is expected
deff fn [24]

Answer:

Explanation:

Yield on 1 year trasury bond: r1=4.25+3.5 = 7.75%

Now, yield is r3 = 7.75+1.5 = 8.25%

r3=r*+inf

8.25=3.5+inf

inf=4.75%

4.75 = (4.25+i+i)/3

14.25 = 4.25 +2i

2i = 10

i = 5%

Inflation expected after year 1 is 5%

7 0
3 years ago
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