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KengaRu [80]
1 year ago
13

Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Produc

t B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $48. How many units of Product B do you tell Amanda to purchase?

Business
1 answer:
Vilka [71]1 year ago
8 0

Answer:

Answer for the question:

Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Product B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $48. How many units of Product B do you tell Amanda to purchase?

is given in the attachment.

Explanation:

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The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previ
Alexxx [7]

Answer:

276 boxes

Explanation:

Given the following :

Cost price of lettuce = $9

Selling price of lettuce = $17

Selling price of old lettuce (Salvage value) =$5

Mean demand (m) = 258

Standard deviation(σ) = 41

The marginal profit = selling price - cost price

Marginal profit = $(17 - 9) = $8

Marginal loss ; old lettuce : cost price - salvage value $(9 - 5) = $4

Probability (p) = marginal profit /(marginal profit + marginal loss)

P = 8 / (8 + 4) ; 8 / 12 = 0.667

Using the InvNorm function of the T84 calculator :

InvNorm(prob, mean, standard deviation)

InvNorm(0.667, 258, 41) = 275.697 = 276 boxes

Number of lettuce boxes supermarket should purchase tomorrow = 276 boxes

6 0
1 year ago
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est
mel-nik [20]

Answer:

Over/under allocation= $11,900 underallocated

Explanation:

Giving the following information:

At the beginning of the year, Adams estimated total overhead of $358,700; and direct labor of $211,000. During the year Adams incurred $377,400 in overhead costs and $215,000 on direct labor costs.

<u>First, we need to calculate the estimated overhead rate. Then, allocate overhead based on actual direct labor dollars. Finally, determine the under/over allocation.</u>

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 358,700/211,00= $1.7 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.7*215,000= $365,500

Finally, we calculate the under/over allocation:

Over/under allocation= real MOH - allocated MOH

Over/under allocation=377,400 - 365,500= $11,900 underallocated

5 0
1 year ago
Three years ago, the U.S. dollar/euro exchange was 1.32 USD/EUR. Over the last three years, the price level in the United States
jeyben [28]

Answer:

A. increased, and Eurozone goods are now more expensive to U.S. customers

Explanation:

The exchange rate represents a link between domestic prices and foreign prices, so Three years ago, Price in the Eurozone was:

P1 (US)= 1.32 USD / EUR * P1 (Eurozone)

Now, after three years of inflation, the new prices are

P2 (US)= 1.18* P1 (US)

P2 (EUROZONE) = 1.12 *P1 (EUROZONE)

So, if we replace in the equation =

P2 (US)/1.18 = 1.32 * P2 ( EUROZONE)/1.12

P2 (US) = (1.32 * 1.18)/1.12 *P2 (EUROZONE)

P2 (US) = 1.39 P2 (EUROZONE)

As we can see, the teorical exchange rate should be 1.39 but we have a REAL exchange rate of 1.4, which is greater, the prices are now more expensive to US customers

6 0
1 year ago
You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur
Mashutka [201]

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

7 0
2 years ago
In some cases, it is safe to avoid insurance because
Brums [2.3K]
It may not be needed
8 0
2 years ago
Read 2 more answers
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