The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is
1 answer:
Complete question:
The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium
a. $8 and $12
b. $6 and $4
c. $16 and $9
d. $4 and $6
Answer:
$6 and $4 set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Explanation:
Given,
The marginal utility of the last unit of apples consumed = 12
The marginal utility of the last unit of bananas consumed = 8
Now ,
To find :
The market level for apples and bananas, respectively, will be compatible with the consumer's equilibrium:
= = $6
= = $4
$6 and $4 set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
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Answer:
The budgeted amount of fixed costs for 19,000 units is $155,800
Explanation:
According to the Given Scenario the Following are Computation to find out the budgeted amount of fixed costs for 19,000 units.
Current Contribution Margin =$25,200 + $147,000/21,000
Current Contribution Margin = $172,200/21,000
Current Contribution Margin = $8.2 per Unit
The Contribution Margin for 19,000 units = $8.2 × 19,000
The Contribution Margin for 19,000 units = $155,800
Therefore, The budgeted amount of fixed costs for 19,000 units is $155,800