subject
Business, 14.02.2020 23:06 skateyo2553

Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively. a. Mrs. Simpson should buy more bread and more milk. more milk and less bread. less milk and more bread. less bread and less milk. b. Mrs. Simpson is not buying the utility-maximizing combination of bread and milk since the marginal utility per cent spent on bread is 0.875 and the marginal utility per cent spent on milk is 0.80. is not buying the utility-maximizing combination of bread and milk since the marginal utility per cent spent on bread is 0.80 and the marginal utility per cent spent on milk is 0.875. may or may not be buying the utility-maximizing combination of bread and milk since the amount that she is purchasing is not given. cannot determine the utility-maximizing combination of bread and milk from the given information.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:50
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
question
Business, 23.06.2019 00:40
You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.
Answers: 2
question
Business, 23.06.2019 00:50
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
Answers: 1
question
Business, 23.06.2019 07:00
To manage your money, you should -create a financial plan -organize your financial documents -spend wisely -create a budget -manage your risks -spend more than you make -learn about services offered at your bank
Answers: 3
You know the right answer?
Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respect...
Questions
question
Computers and Technology, 29.08.2019 19:00
Questions on the website: 13722361