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Annette Solis
Answers (6)
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Answer the question on the basis of the following two schedules,which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K. Unit of JMUj156248332424520616712Unit of KMUk13222832442051261078\begin{array}{c}\begin{array}{ccc}Unit&&\\\text { of } J & & M U_{j} \\\hline1 & & 56 \\2 & & 48 \\3 & & 32 \\4 & & 24 \\5 & & 20 \\6 & & 16 \\7 & & 12\end{array}\begin{array}{ccc}Unit&&\\\text { of } K & & M U_{k} \\\hline1 & & 32 \\2 & & 28\\3 & & 24\\4 & & 20\\5 & & 12\\6 & & 10\\7 & & 8\end{array}\end{array}Unit of J1234567MUj56483224201612Unit of K1234567MUk3228242012108 Refer to the data.What level of total utility is realized from the equilibrium combination of J and K,if the consumer has a money income of $52 and the prices of J and K are $8 and $4 respectively?
A) 156 utils
B) 124 utils
C) 276 utils
D) 36 utils
A) 156 utils
B) 124 utils
C) 276 utils
D) 36 utils
On Jul 21, 2024
C
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Very few Canadian employers have a formal safety program.
On Jul 18, 2024
False
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Nicoletta is aware of both Coke and Pepsi,but she buys whichever is on sale.Nicoletta is at the stage of brand recognition but not yet at the stage of brand preference.
On Jun 21, 2024
True
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What is the present value of $10,000 that will be paid to you in 4 years if the interest rate is 6%? Work it out to the nearest cent.
On Jun 18, 2024
Present value =$10,000×1(1+r)n=$10,000×1(1.06)4=$10,000×11.26248=$7,920.92\text { Present value } = \$ 10,000 \times \frac { 1 } { ( 1 + r ) ^ { n } } = \$ 10,000 \times \frac { 1 } { ( 1.06 ) ^ { 4 } } = \$ 10,000 \times \frac { 1 } { 1.26248 } = \$ 7,920.92 Present value =$10,000×(1+r)n1=$10,000×(1.06)41=$10,000×1.262481=$7,920.92
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GDP is defined as
A) the value of a country's exports minus its imports.
B) the difference between two country's exchange rates.
C) the market value of goods and services produced in a country in a year.
D) national income minus national taxes.
E) the gross purchasing power of domestic goods and services plus international income.
A) the value of a country's exports minus its imports.
B) the difference between two country's exchange rates.
C) the market value of goods and services produced in a country in a year.
D) national income minus national taxes.
E) the gross purchasing power of domestic goods and services plus international income.
On May 21, 2024
C
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Using the perpetual inventory system, journalize the entries for the following selected transactions:
(a)Sold merchandise on account for $12,000, terms n/30. The cost of the goods sold was $6,500.(b)Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the goods sold was $5,300.(c)Sold merchandise to customers who used American Express, $2,900. The cost of the goods sold was $1,700.(d)Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales.(e)Paid an invoice from American Express for $75 fee.
(a)Sold merchandise on account for $12,000, terms n/30. The cost of the goods sold was $6,500.(b)Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the goods sold was $5,300.(c)Sold merchandise to customers who used American Express, $2,900. The cost of the goods sold was $1,700.(d)Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales.(e)Paid an invoice from American Express for $75 fee.
On May 18, 2024
