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GenaCL600 [577]
3 years ago
7

Dustin and Quinn were given an apple pie and a chocolate cake, and need to divide them. Dustin values the apple pie at $6 and th

e chocolate cake at $4. Quinn values the apple pie as $4 and the chocolate cake at $10. Describe a fair division if Quinn is dividing in a way that one "half" will be exclusively chocolate, and specify which "half" Dustin will choose.
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

Quinn values the apple pie at $4 and the chocolate cake at $10 = total $14

  1. since one "half" will only be chocolate, he needs $7 out of chocolate = 7/10 of the chocolate cake.
  2. the other "half" will include 3/10 of chocolate cake and the whole apple pie = (3/10 x $10) + $4 = $3 + $4 = $7

If Dustin chooses the second "half" he will receive 3/10 of chocolate cake and the whole apple pie = (3/10 x $4) + $6 = $1.20 + $6 = $7.20

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Studies indicate that the price elasticity of demand for cigarettes is about 0.4. A government policy aimed at reducing smoking
IrinaVladis [17]

Answer:

(B) 40%

Explanation:

↓Q / ΔPrice = Price-elasicity

The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.

ΔPrice  = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1

We know that price elasticity is 0.4

Now we can solve for the change in the quantity demanded:

↓Q/ 1 = 0.4

↓Q = 0.4 x 1 = 0.40 = 40%

7 0
3 years ago
Donna, who is single and 30 years old, received several speeding tickets recently and was shocked by the effect they had on her
Serhud [2]

Answer:

C) raise her deductible from $250 to $1,000

Explanation:

If Donna starts to drop all her coverages, then she will not only pay less, she wouldn't any insurance to cover her.

If she really needs to lower her insurance costs, the best way to do it is to raise her deductible. That way she will still be covered, but she will need to put more money in case of an accident. To be honest, generally car accidents cost thousands, and increasing the deductible from by $750 is not really that much compared to what an insurance policy covers.

The deductible is the amount of the insurance claim that must be paid by the insured, the rest is paid by the insurance company.

4 0
3 years ago
Coolibah Holdings is expected to pay dividends of $ 1.00 every six months for the next three years. If the current price of Cool
morpeh [17]

Answer: The price that would be expect​ed for Coolibah's stock to sell for at the end of three​ years is $28.87

Explanation: It should be noted that to calculate a price that would be expected in Coolibah's stock to sell for at the end of three​ years can be calculated using financial calculator:

A) Using a financial calculator, PV = -$22.60 , PMT = $1.20, n = 6, I = 18% / 2;

calculate FV = $28.87 .

5 0
3 years ago
Raoul is an illiterate who does not have proper skills for any job. as a result, he is unable to find permanent employment. as a
Lunna [17]
<span>Raoul is an illiterate who does not have proper skills for any job. As a result, he is unable to find permanent employment. As a last resort, Raoul starts a diner in his home to earn a regular income for his family. In the given scenario, Raoul most likely started the diner because it offered an income for his family using skills that he possesses. Since Raoul is not able to stand apart from competition when it comes to everyday jobs, Raoul needed to find a way to earn income for his family. Motivated to do so, Raoul put is skills to work and developed a way to make it happen for his family. </span>
8 0
3 years ago
"If Jason receives his quarterly bonus of $3,000 and spends $2,100 on a computer and puts the rest in his savings account, what
snow_lady [41]

Answer: 0.70; 0.30

Explanation:

Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.

Increase in income = $3,000

Increase in spending = $2,100

Increase in savings = $3,000 - $2,100 = $900

MPC = $2,100/$3,000

= 0.70

MPS = $900/$3,000

= 0.30

7 0
3 years ago
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