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Reika [66]
2 years ago
9

Assume that Joe has​ $80 to spend on books and movies each month and that both goods must be purchased whole​ (no fractional​ un

its). Movies cost​ $8 each, and books cost​ $20 each.​ Joe's preferences for movies and books are summarized by the following information.No. per Month Movies TU Movies MU Movies MU/$ No. per Month Books TU Books MU Books MU/$ 1 50 1 22 2 80 2 42 3 100 3 52 4 110 4 57 5 116 5 60 6 121 6 62 7 123 7 63 a. Fill in the figures for marginal utility and marginal utility per dollar for both movies and books.b. Are these preferences consistent with the law of diminishing marginal utility? Explain briefly. c. Given the budget of $80, what quantity of books and what quantity of movies will maximize Joe’s level of satisfaction? Explain briefly.e. Now suppose the price of books falls to $10. Which of the columns in the table must be recalculated? Do the required recalculations. f

Business
1 answer:
vovangra [49]2 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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8 0
2 years ago
Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $33,400 in the refund liability account. Sales duri
kompoz [17]

Answer:

$54,400

Explanation:

The balance in the refund liability account would be calculated as;

Ending balance of sales return allowance = Opening balance of allowance + Expected sales return - Actual sales return

Given that;

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Actual return = $30,800

Therefore,

Ending balance of sales returns = $33,400 +$51,800 - $30,800 = $54,400

The balance in the refund liability account at the end of 2021 is $54,400

5 0
2 years ago
Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.
Elis [28]
The correct answer here would be 
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It states in the question Sam has the same amount of customers he did when he had a smaller business. This leads me to believe, for the time being, his profit will decrease after he pays the expenses of his new building wing and employees.  </span>
5 0
2 years ago
It is sometimes advantageous to hire from within because it ________. is less costly, and helps maintain employee morale elimina
Mashcka [7]
<span>It is sometimes advantageous to hire from within because it is less costly, and helps maintain employee morale.

When you hire from within your company for a promotion or different position, it is often less costly because the employees are already trained in how the organization works. They won't have to spend money on her hirer information and ground level training. It also keeps the employees happy because they are able to see that there is potential for growth and by working hard in their current position they have a way to change positions and receive promotions.  </span>
3 0
2 years ago
Chris has been newly appointed as the head of the HR team at Cuffington Corp. In an attempt to establish a more efficient and re
pentagon [3]

Answer:

KSAOs play a significant role in interviews and selection decisions

Explanation:

According to the given situation, Chris has been hired as an HR team at C Corp. and he took the responsibility of developing job descriptions and specialization for the vacancy of engineers.

Here Chris collects relevant data about the KSAO's so that he can choose a specialized engineer for an organization.

So, in the above case,  the relevant answer is KSAOs play a significant role in interviews and selection decisions.

8 0
2 years ago
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