subject
Business, 01.10.2019 21:20 edjiejwi

Nthe economy of mungo, discussed in your workbook, there is a third person called ike. ike has a red income of 56 and a blue income of 10. (recall that blue prices are 1 bcu [blue currency unit] per unit of ambrosia and 1 bcu per unit of bubblegum. red prices are 2 rcus [red currency units] per unit of ambrosia and 6 rcus per unit of bubblegum. you have to pay twice for what you buy, once in red currency, once in blue currency.) if ike spends all of his blue income, but not all of his red income, then it must be that: (a) he consumes at least 9 units of bubblegum.(b) he consumes at least 1 units of ambrosia.(c) he consumes exactly twice as much bubblegum as ambrosia.(d) he consumes at least 17 units of bubblegum.(e) he consumes equal amounts of ambrosia and bubblegum. the correct answer is (b)he consumes at least 1 units of ambrosia. explain how you solve this.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 1
question
Business, 22.06.2019 06:40
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
question
Business, 22.06.2019 07:30
Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.
Answers: 1
question
Business, 22.06.2019 10:30
You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability
Answers: 2
You know the right answer?
Nthe economy of mungo, discussed in your workbook, there is a third person called ike. ike has a red...
Questions
question
Mathematics, 30.06.2019 14:10
question
Social Studies, 30.06.2019 14:10
Questions on the website: 13722367