Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes a
1 answer:
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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.
Answer:
The issues that arises between the Faraj and Siegel can be discussed by three different groups in resolving the contract agreement.
Note: Kindly find an attached copy of the complete question below.
Explanation:
Solution
In this case between Faraj and Siege'ls building contractors the following issue are discussed by three groups as follows:
(1) The contractor can increase the price of finishing construction based on inflation and the cost of raising materials during inflation prices for the materials increases or goes up and this will affect the customer gradually.
(2) Faraj will not pay the additional amount requested by Siegel because according to the contract the amount she has to pay is $153,000
(3) Issues or problems that might come up during construction is listed below:
- Poor communication
- Not feasible or impractical forecasting
- The unavailability of structure
