John consumes two goods, X and Y. The total utility function is as follows: The price of X is $9, and the price of Y is $12. a. Write an expression for John's MRS. b. What is the optimal mix between X and Y in John's market basket
Answers
Johns MRS (Marginal Rate of Substitution) is given as: | MRS\(_{xy}\) | = dy/dx = MUy/MUx'.
What is Marginal Rate of Substitution?
The marginal rate of substitution (MRS) is an economic indices that evaluates the units of good X that John is willing to give up for another unit of good Y. The assumption here, is that both goods provide John with the same amount of utility.
What is the expression for John's MRS?The expression of John's MRS is given below:
Johns MRS Expression is given as:
| MRS\(_{xy}\) | = dy/dx = MUy/MUx'
Where X and Y refers to the two goods that John consumes
d'y/d'x = derivates of y as regards x
MU = Marginal utility of two goods, that is goods Y and goods X.
MRS = Px/Py
Y/X = 9/12
= 0.75
It is therefore recommended that John consume 0.75 Ys in relation to X.
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Related Questions
what do you believe to be the most common or important thing is that shifts demand?
Answers
what type of innovation is a response to need, economic conditions, and burning problems such as labor shortages, drought, and energy crises?
Answers
The type of innovation that is a response to need, economic conditions, and burning problems such as labor shortages, drought, and energy crises is known as responsive innovation.
Responsive innovation is a type of innovation that is driven by external needs, such as economic conditions, societal challenges, or pressing environmental or human needs. It is a form of innovation that responds to significant problems, needs, or issues by generating new solutions or improving existing ones that can help address them.The aim of responsive innovation is to make the most of the opportunities that arise from specific societal, environmental, or technological problems and to find ways of generating benefits from them. It is seen as a way of providing a more effective and efficient response to particular problems or needs than other forms of innovation.Responsive innovation is also sometimes referred to as 'social innovation' because it aims to address social or environmental issues that are of pressing concern. It is focused on developing solutions that are relevant and meaningful to those who are directly affected by the issue or challenge at hand.Responsive innovation can be driven by various factors, such as the need for new products, the need for new processes or services, the need to improve the efficiency of existing systems, or the need to address emerging environmental or social challenges. Whatever the driving force behind it, the aim of responsive innovation is always to provide a relevant and effective solution to a specific need or problem.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answers
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
c.Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?
Answers
Answer:
1.Annual discount for dead-bolts $22.50
Recovery period 4.44 years
2.Annual discount for smoke alarms $9.00
Recovery period 1.5 years
3. Yes
Explanation:
1. Calculation for the years it will take Dave and Ellen to earn back the cost of the dead-bolts
a. We were going to calculate for the Annual discount for dead-bolts using this formula Annual discount for dead bolts =Discount percent × Annual premium
Let plug in the formula
Annual discount for dead-bolts =0.05 × $450
Annual discount for dead-bolts =$22.50
b. We are to find Recovery period using this formula Recovery period=Cost of dead bolts / Annual discount for dead-bolts
Let plug in the formula
Recovery period= (2 × $50) / $22.50
Recovery period=100/$22.50
Recovery period= 4.44years
2. Calculation for the years it will take Dave and Ellen to earn back the cost of the smoke detectors
a. We are going to calculate for the Annual discount for smoke alarms using this formula Annual discount for smoke alarms =Discount percent × Annual premium
Let plug in the formula
Annual discount for smoke alarms =0.02 × $450
Annual discount for smoke alarms =$9.00
b. We are going to find the Recovery period using this formula Recovery period=Cost of smoke alarms / Annual discount for smoke alarms
Let plug in the formula
Recovery period=(2 × $7) / $9.00
Recovery period=14/$9.00
Recovery period= 1.5 years
3. Yes I Would recommend both Dave and Ellen to invest in the safety items, if they plan to stay in that house for about 5 years as they should recover most of their costs within the planned tenancy of the house and for their personal safety they should install the items regardless of all the recovery time period.
which statement best summarizes the economic theories of adam smith
Answers
Answer: Economies work best when government leave businesses alone.
Explanation:
Question 15 Multiple Choice Worth 5 points)
(03.03 MC)
Martha received her credit report and sees that her FICO score is 350. Which factor could be the cause?
She filed for bankruptcy last year.
O She has two credits cards with low balances.
She has a long credit history.
She has used several types of credit.
Answers
She filled for bankruptcy last year.
The reason why Martha's credit report has such a low FICO score could be because She filed for bankruptcy last year.
What happens to credit scores when bankruptcy is filed?When a person files for bankruptcy as Martha did last year, they are protected from their creditors and often pay back less than they owe.
As a result, it reduces their credit score because creditors would be less trusting of them in future.
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Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answers
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
It is important to strive for ____
memorization
balance
perpetual devotion
Answers
Answer: It is important to strive for a Balance
Explanation:
It is essential to strive for balance in various aspects of life. Striving for balance allows individuals to lead a well-rounded life, where they can manage their responsibilities and, pursue personal growth.
Striving for balance encompasses finding equilibrium in different areas of life, such as work and personal life, physical and mental well-being, and various roles and responsibilities. Here's why it is important:
Work-life balance: Balancing work commitments with personal time and relationships is essential for maintaining overall happiness and satisfaction. It helps prevent burnout, promotes better mental health, and allows individuals to devote time to their passions, hobbies, and relationships outside of work.
Physical and mental well-being: Striving for balance involves taking care of both physical and psychological health. This includes maintaining a healthy lifestyle, engaging in regular exercise, getting sufficient rest, and managing stress. Balancing physical and mental well-being contributes to overall vitality and productivity.
Personal growth and development: Striving for balance involves allocating time and energy to personal growth and development. This may include pursuing education, learning new skills, setting goals, and nurturing personal interests and passions. Balancing personal growth with other aspects of life allows for continuous self-improvement and fulfillment.
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Please help me with this question
Answers
Answer: Thats easy so its WHY ARE YOU IN PRE K KIDDDDD
Explanation::) SAD JUST SAD AND ALSO the awnser is 2.0
Sheila felt prepared to work after her one-day job orientation for new employees. When she got to work, however, she was shocked. She was not prepared for the fast pace, sophistication and skill level found in her new department. By noon that day, Sheila felt like she was not cut out for the job. She felt under-skilled and underprepared to meet her department's
challenges.
On her way to the company cafeteria, one of her co-workers, Tammy, caught up with her and they had lunch together. Sheila was glad that Tammy was so friendly to her and she was able to relax a little bit. During lunch Tammy talked about their manager, Mr. Smith. Sheila learned that Mr. Smith was in trouble with his superiors. Next, Tammy told her about James, the computer programmer.
She told Sheila that James spread rumors and was not to be trusted. She talked about Mrs. Tyler, the accountant. She said that Mrs. Tyler was an alcoholic and frequently took sips from a whisky bottle in her desk.
Tammy asked Sheila to join her for coffee after work. She said, "Trust me, Sheila. Once you come to understand how screwed up everyone is around here and get the feel of the place, you'll do fine."
Question: Why would Tammy be so friendly towards Sheila? What might happen if
Sheila gets close to Tammy? Have you ever been in a similar situation?
Answers
Tammy was probably friendly with Sheila because she was outgoing and made her feel comfortable at work. But Sheila should be careful about getting involved in rumors that can turn into negative conflicts.
What are organizational conflicts?These are situations where there are differences in the work environment, which may be personal or professional, such as rumors and disagreements about tasks.
Organizational conflicts arising from rumors, such as the gossip of other employees told by Thammy to Sheila, can be extremely negative, and consequently generate enmity, disintegration of teams and even dismissals.
Therefore, it is essential that there is conflict management in the organization through effective communication, interpersonal relationships based on ethics and respect for all employees.
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An organized view of the investment process involves analysing the basic nature of investment decisions and organising the activities in the decision process
Discuss TWO (2) fundamentals of investment decisions that could be made by an investor.
Answers
The two fundamentals of investment decisions that could be made by an investor are:
1. Risk Assessment: An investor must evaluate the potential risks associated with an investment before making a decision. This involves analyzing the potential for loss in the investment and determining if the potential return is worth the risk. An investor should consider the overall risk of the investment, including the potential for loss of principal, the volatility of the investment, and the potential for liquidity risk.
2. Return Expectations: An investor must also consider the potential return on an investment before making a decision. This involves analyzing the potential for growth or income from the investment, as well as the potential for capital gains.
An investor should consider the overall return potential of the investment, including the potential for dividend or interest income, the potential for appreciation in the value of the investment, and the potential for capital gains tax benefits.
In conclusion, an investor must consider both the potential risks and the potential return of an investment before making a decision. By analyzing these two fundamentals, an investor can make an informed decision about the potential for success of an investment.
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Describe one accountability issue of a business
Answers
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
steve's company has been told to keep costs down and take advantage of economies of scale in all purchasing, manufacturing, and transportation decisions. when a company must focus on cost reduction like this, it is beneficial to use a(n
Answers
Keeping prices low and utilizing economies of scale in all purchasing, production, and transportation choices are mandates for Steve's firm. It is advantageous to utilize a Push supply chain approach when a business has to concentrate on cost reduction in this manner.
Businesses that opt for a push supply chain strategy must put up logistics systems that can handle big volumes of product if they want to benefit from the economies of scale that come with it. They will specifically profit from: -Transportation methods that can affordably handle massive quantities of cargo, such railroads and container ships.
Systems that control the physical flow of goods via warehouses and distribution centers to make sure that goods are delivered to the appropriate places as quickly as possible.
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Correct Question:
Steve's company has been told to keep costs down and take advantage of economies of scale in all purchasing, manufacturing, and transportation decisions. When a company must focus on cost reduction like this, it is beneficial to use a ___ supply chain strategy.
Business can handle risks through which of the following
Answers
Answer:
offering a wide range of products
Explanation:
Businesses handle international risks through offering a wide range of products. Also if you don't mind can you mark me as brainliest?? I need just one more to move up and become virtuoso on this site. Thank you!!
Natalie wants to deposit $2,000 into a savings account at a 1.25 percent interest rate. The interest is compounded every six months. How much interest will she earn over two years?
Answers
Answer:
Natalie will earn $50.31 in interest over two years assuming that the interest is compounded every 6 months.
Explanation:
Natalie will earn $50.31 in interest over two years, assuming that the interest is compounded every six months.
Here's how to calculate it:
- First, we need to figure out how many times the interest will be compounded over two years. Since the interest is compounded every six months, there will be four compounding periods per year, or a total of eight compounding periods over two years.
- Next, we can use the formula A = P(1 + r/n)^(nt) to calculate the amount of money Natalie will have in her account after two years, where:
- A is the amount of money in the account after two years
- P is the principal (the initial amount of money deposited)
- r is the annual interest rate (1.25%)
- n is the number of times the interest is compounded per year (4, since it's compounded every six months)
- t is the number of years (2)
Plugging in these values, we get:
A = 2000(1 + 0.0125/4)^(4*2)
= 2000(1.00625)^8
= 2100.31
- Finally, we can subtract the initial principal from the final amount to find the amount of interest earned:
Interest = A - P
= 2100.31 - 2000
= 100.31
Rounding to the nearest cent, Natalie will earn $50.31 in interest over two years.
Answer:
$4050.16
Explanation:
using the formula 2000(1+.0125/2)^2(2) to represent the 6 month period (A=P(1+r/n)^nt) you get 4050.15625 which rouned to the nearest tenth is 4050.16 to represent the change
Suppose that the British economy produces two goods: laptops and books. The quantity produced and the prices of these items for 2015 and 2016 are shown in the table below: Year Quantities Produced Price ($) Laptops = 50 Books = 1,000 Laptops = 200 Books = ? 2015 Laptops = 90 Books = ? Laptops = 170 Books 2016 8 Instructions: In part a, round your answer to two decimal places. In part b, enter your answer as a whole number. In part c, round your answer to one decimal place. a. Let's assume that the base year was 2015, so that real GDP in 2015 equals nominal GDP in 2015. If the real GDP in Britain was $15,000 in 2015, the price of books was: $______ b. Using your answer from part (a), if the growth rate in nominal GDP was 15%, ______ books must have been produced in 2016. c. Using your answers from parts (a) and (b), the growth rate in real GDP between 2015 and 2016 was: ________%.
Answers
a. To find the price of books in 2015, we can use the formula for nominal GDP:
Nominal GDP = (Price of Laptops x Quantity of Laptops) + (Price of Books x Quantity of Books)
$15,000 = ($200 x 50) + (Price of Books x 1,000)
$15,000 = $10,000 + (Price of Books x 1,000)
$5,000 = Price of Books x 1,000
Price of Books = $5
Therefore, the price of books in 2015 was $5.
b. To find the quantity of books produced in 2016, we can use the formula for nominal GDP growth:
Nominal GDP Growth = [(Nominal GDP in 2016 - Nominal GDP in 2015) / Nominal GDP in 2015] x 100
15% = [($170 x 90) + ($5 x Quantity of Books in 2016) - $15,000] / $15,000 x 100
$2,250 = $5 x Quantity of Books in 2016
Quantity of Books in 2016 = 450
Therefore, 450 books must have been produced in 2016.
c. To find the growth rate in real GDP between 2015 and 2016, we can use the formula for real GDP growth:
Real GDP Growth = [(Real GDP in 2016 - Real GDP in 2015) / Real GDP in 2015] x 100
Real GDP in 2016 = ($200 x 90) + ($5 x 450) = $18,250
Real GDP Growth = [($18,250 - $15,000) / $15,000] x 100 = 21.7%
Therefore, the growth rate in real GDP between 2015 and 2016 was 21.7%.
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You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Answers
Answer:
sweet
Explanation:
10)
How might a mission statement help Donna with her new
business?
Answers
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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What are the three ways through which a company tries to sell its products?
Answers
Answer:
Taking the time to talk about the quality of the product and explaining its purpose. And saying how it would be a good price for something like the product theyre selling hope this helped..... :)
Explanation:
In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answers
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
As Operations Manager, you attended an Aggregate Production Planning Meeting during which you discussed a number of different subjects. Which of the following was probably not discussed?
Answers:
1. Sales by product type during the next 18 months.
2. The number of people required to execute the plan.
3. The monthly inventory at the end of the planning period.
4. Raw material delivery problems.
5. All of the above items should be discussed.
Answers
During the Aggregate Production Planning Meeting of the items above must be discussed. It is because all of the items above are the most important things in the production and planning meeting.
Aggregate planning generally can be defined as a method for developing, analyzing, and also maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. Aggregate planning most often focused on targeted sales forecasts, production levels in the mid-term (3-to-18-month) future, and also inventory management. The items of that including sales by product, people who involved in the project, monthly inventory, and also delivery problems is the most important items during aggregate planning.
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Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?.
Answers
Financial markets are those in which a person purchases stock in a fast-food company.
What is Financial markets?A financial market is a market in which financial securities and derivatives are traded at low transaction costs. Stocks and bonds are examples of securities, as are raw materials and precious metals, which are known as commodities in the financial markets. Financial markets encompass any location or system that allows buyers and sellers to trade financial instruments such as bonds, equities, various international currencies, and derivatives. Financial markets facilitate the interaction of those in need of capital and those with capital to invest. Financial markets, in general, refer to any market where securities are bought and sold. The stock market, bond market, and commodities market are all examples of financial markets.To learn more about Financial markets, refer to:
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a buyer obtains a 90% institutional loan for $180,000 toward the purchase of a $200,000 house. the buyer does not have the necessary $20,000 for the downpayment, so the seller takes back a $10,000, ten-year mortgage and the buyer contributes the other $10,000 in cash. this is known as a/an:
Answers
The scenario described is an example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback." This type of arrangement can be beneficial for both the buyer and the seller.
A purchase money mortgage is a mortgage used to purchase real estate by the seller of the property rather than a third-party mortgage lender.
In the situation provided, a purchase money mortgage is utilized to cover the remaining $10,000 necessary to buy the property after the institutional loan was acquired, the buyer did not have enough money for a down payment, and the seller did not want to lower the price of the home.
This example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback."
The buyer may be able to secure the purchase of the property with a smaller down payment, while the seller can earn interest on the funds lent to the buyer and potentially sell the property more quickly.
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Where does a supply chain begin?
(2 Points)
at a factory
in a supermarket or store
with raw materials
with products that are for sale
Answers
Who among the following is responsible for developing operational plans?
a. Board of directors
b. Top managers
c. Shareholders
d. Middle managers
e. Lower-level managers
Answers
The responsibility of developing operational plans falls on the shoulders of middle managers (d).
Middle managers are responsible for developing operational plans. They create and implement plans to meet the strategic goals set by top managers and to oversee the work of lower-level managers.
Middle managers are responsible for developing operational plans within an organization. Operational plans are specific plans that outline how the overall strategic objectives set by top management will be achieved. These plans involve the day-to-day operations and activities of a department, division, or team.
Top managers and the board of directors are more involved in strategic planning and decision making, while shareholders are not directly involved in the day-to-day operations of the organization. Top managers, such as CEOs or executives, focus more on the overall strategic direction and decision-making of the organization rather than the detailed operational plans. They set the broad goals and objectives, provide guidance, and ensure alignment with the organization's mission and vision.
Therefore, the correct answer is option d. Middle managers.
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At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
Receivables not expected to be collected should Multiple choice question. not be counted in assets of the company. always be counted in assets of the company. initially be included as assets and then be written off when the customer does not pay.
Answers
Receivables not expected to be collected should not be counted in assets of the company.
Accounts Not ReceivableFor bookkeeping purposes, When a company confirms that it is likely not to receive payment, it should be written off in the journal entries as a debit to allowance for doubtful accounts and then credited to accounts receivable.
Account Not Receivable or collected is regarded as bad debt expense.
Therefore Receivables not expected to be collected are not to be counted in assets of the company.
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Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
Answers
Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
Answers
hope I could help goodluck
Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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