Business, 01.07.2020 15:01 juana18

Dennis, who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $100 to spend on food. He is currently consuming 20 grilled chicken sandwiches per week, at a price of $3 each, and 20 salads per week, at a price of $2 each. If the last sandwich and the last salad both added 40 units to Dennis's total utility, he should:. 1. buy more salads and fewer sandwiches.
2. is making the utility-maximizing choice.
3. obtains more additional utility per dollar from sandwiches than from salads.
4. should buy more sandwiches and fewer salads.

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Answer from: sallonquarts

1. buy more salads and fewer sandwiches.

Explanation:

As we know that

$\textup{MU}_{S}=\textup{Marginal utility of Sadwitches}$

$\textup{MU}_{SA}=\textup{Marginal utility of Salad}$

$\textup{P}_{S}=\textup{Price of Sanswithches}$

$\textup{P}_{SA}=\textup{Price of Salads}$

Therefore

$\frac{MU_{S}}{MU_{SA}}=\frac{P_{S}}{P_{SA}}$

$\frac{MU_{S}}{MU_{SA}}=\frac{\$40}{\$40}=1$

Now the price ratio is

$\frac{P_{S}}{P_{SA}}=\frac{\$3}{\$2}=1.5$

It is probable if you rising marginal utility numbering and reduce denominator marginal utility. If you reduce their intake, the MU of a food item will raise. Such decrease in the composition would make the quantity of the food element scarce. And its usefulness goes up. The Numerator here is sandwich MU. And to increase their marginal utility, you can reduce sandwich consumption.

Salad should need just the reverse. You raise salad intake so the MU reduces. Therefore you have to eat more salads and less chicken sandwiches to maximise the utility. So, salad is replaced by sandwiches for chicken.

Answer from: Quest

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

Answer from: Quest

whats the

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