Answer:
D. Tim consumes more hamburgers and fewer hot dogs.
Explanation:
For his utility to remain constant, Tim will neither consume more goods in total, nor spend more money than before.
Therefore, because the price of hot dogs has risen, while the price of hamburger has remained the same, he will now buy more hamburgers and less hot dogs, because eating more hamburgers and less hot dogs will not decrease his satisfaction, it will remain the same. We can also conclude from that both fast food products are perfect substitutes for Tim.
Answer and Explanation:
(a)
Variables are given as follows
Total number of cars, C1
Total number of trucks, T1
(b)
Our aim is to maximize the total profit of Green Vehicle Inc.
Max z = 300T1 + 220T1
(c)
In this question, we have limitations, which are
0.025T1 + 0.017C1 ≤ 1
0.020T1 + 0.020C1 ≤ 1
hence attached below are the excel solutions to the problem
The current ratio expressed as a proportion is 2.5
Explanation:
Given :
The current assets = $292400
The current liabilities are $116960.
To find :
The current ratio
Solution :
Current Ratio =
2.5
Therefore, The current ratio expressed as a proportion is 2.5
Is this the whole question?
Answer:
The annual cash flow will be $4,500.
Explanation:
Use following formula to calculate Annual Cash flow from Annuity.
Present value of annuity = annual cash flow ( 1 - ( 1 / ( 1 + rate of interest )^time period ) ) / rate of interest
PVA = C ( 1 - ( 1 / ( 1 + r )^t ) ) / r
$43,000 = C ( 1 - ( 1 / ( 1 + 0.0625)^15 ) ) / 0.0625
$43,000 = C x 9.5555
C = $43,000 / 9.5555
C = $4,500
So, the annual cash flow will be $4,500.
