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Umnica [9.8K]
1 year ago
6

Shannon, who has a job and no dependents, has two credit cards she uses for food and entertainment. All card balances are close

to the limit. What could be the best action for Shannon to take next? (5 points)
Request an extension of credit to her credit card company.

Pay off all her balances within the payment cycle.

Apply for a new credit card to increase her credit limit.

Cancel all her credit cards.
Business
1 answer:
IgorC [24]1 year ago
7 0

Answer:

Pay off all her balances within the payment cycle.

Explanation:

The other answers don't make sense.

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Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

The utility maximization point for a consumer is as follows:

\frac{MU_x}{P_x}=\frac{MU_y}{P_y}

It is given that,

price of Pepsi(x) =​ $1 per can

price of a hamburger(y) =​ $2

Marginal utility from Pepsi =​ 4

Marginal utility from hamburgers = 6

Hence,

\frac{4}{1}>\frac{6}{2}

4 > 3

Therefore, it can be seen that the consumer's utility is not maximized at this point.

Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.

So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.

6 0
2 years ago
Imagine that your friend is the CEO of a company, called Magna Clothes, that manufactures cool new clothing accessories for both
Ivanshal [37]

Answer:

a) & b) are true. c) & d) are false.

Explanation:

WTO is an international (intergovernmental) organisation, supervising international trade between countries.

a) is true. It seeks to establish impartial procedures for resolving trade disputes among its members.

It seeks to reduce remaining trade barriers through multilateral negotiations, b) is true

c) is false. It is headquartered in Geneva, Switzerland (not Belgium)

d) is false. Existence of the WTO has allowed most member countries to replace their local currencies with a universal currency beginning in 2002. It is an international trade organisation, not monetary policy organisation.

5 0
2 years ago
g The budgeted production of​ Capricorn, Inc. is 15 comma 000 units per month. Each unit requires 30 minutes of direct labor to
Bond [772]

Answer:

D. $525,000

Explanation:

budgeted production = 15,000 units/month

unit production time required = 30 minutes => 0.5 hours

direct labor rate = $70 per hour

Budgeted cost of direct labor for the month = 15,000 * 0.5 * 70

= $525,000

8 0
2 years ago
Caroline runs her own business selling horse related products (saddles, boots, bridles, etc.). She is considering investing $70,
Katyanochek1 [597]

Answer:

The present value the expected costs of the new security and data management system is $-75,062.5

Explanation:

Kindly check attached picture for explanation

6 0
2 years ago
Sal purchased a used toaster at a yard sale. The seller told Sal that although the toaster was more than 10 years old, she had n
inessss [21]

Answer:

<em><u>The manufacturer of the toaster would argue from the point of view of the warranty offered for the toaster.</u></em> In most electronic products, the manufacturer offers warranty ranging from 1 year to 5 years.

<em>For the toaster to have worked for more than 20 years without any problem shows that it was a good product. And, the warranty must have expired hence the need not to be held responsible for whatever happened to it.</em>

Explanation:

4 0
2 years ago
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