Business, 08.08.2019 17:10 Anabel818

Yvette lives in dallas and loves to eat desserts. she spends her entire weekly allowance on jello and pie. a bowl of jello is priced at $1.25, and a piece of apple pie is priced at $3.75. at her current consumption point, yvette's marginal rate of substitution (mrs) of jello for pie is 3. this means that yvette is willing to trade three bowls of jello per week for one piece of pie per week. does yvette's current bundle maximize her utility—in other words, make her as well off as possible? if not, how should she change it to maximize her utility?
yvette could increase her utility by buying more pudding and less pie per week.
yvette's current bundle maximizes his utility, and she should keep it unchanged.
yvette could increase her utility by buying less pudding and more pie per week.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:00

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Answers: 1

Answer

Business, 22.06.2019 19:00

Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.

Answers: 2

Answer

Business, 22.06.2019 19:00

15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.

Answers: 1

Answer

Business, 22.06.2019 19:10

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?

Answers: 3

Answer

You know the right answer?

Yvette lives in dallas and loves to eat desserts. she spends her entire weekly allowance on jello an...

Questions