Lisa consumes only two goods, pizzas and burritos. In equilibrium, her marginal utility per slice of pizza is 26 and her marginal utility per burrito is 13. Instructions: Enter your answer rounded to two decimal places. If a slice of pizza costs $3, then the price of a burrito must be $ [
Answers
In equilibrium, her marginal utility per slice of pizza is 26 and her marginal utility per burrito is 13. If a slice of pizza costs $3, the price of a burrito must be $1.50.
To determine the price of a burrito, we can use the concept of marginal utility and the principle of equating marginal utilities to prices.
Given that Lisa's marginal utility per slice of pizza is 26 and her marginal utility per burrito is 13, we can assume that she consumes the two goods in such a way that the marginal utility per dollar spent on each good is equal.
Let's assume the price of a slice of pizza is $3. To find the price of a burrito, we divide the marginal utility of a burrito (13) by the marginal utility of a slice of pizza (26) and multiply the result by the price of a slice of pizza:
Price of a burrito = (Marginal utility of a burrito / Marginal utility of a slice of pizza) * Price of a slice of pizza
Price of a burrito = (13 / 26) * $3
Price of a burrito = $1.50
Therefore, if a slice of pizza costs $3, the price of a burrito must be $1.50.
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Related Questions
Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.
Answers
Answer:
C. Unlimited liability for all partners.
Explanation:
A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.
A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.
Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:
Answers
Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500.
Prepare Buttercup’s journal entry.
Answers
When a company issues common stock for more than its par value, it records the excess as additional paid-in capital. This transaction increases both cash and equity on the balance sheet, and represents a financing activity for the company.
The journal entry for Buttercup Corporation issuing 300 shares of $10 par value common stock for $4,500 would be:
Debit: Cash - $4,500
Credit: Common Stock - $3,000
Credit: Additional Paid-In Capital - $1,500
The debit to cash represents the cash received from the issuance of the shares. The credit to common stock represents the par value of the shares issued ($10 per share x 300 shares = $3,000).
The credit to additional paid-in capital represents the excess of the cash received over the par value of the shares issued ($4,500 - $3,000 = $1,500). This transaction represents a financing activity for Buttercup Corporation.
By issuing common stock, the company is raising capital to fund its operations and growth. The par value represents the legal capital of the company, which cannot be returned to shareholders as dividends or repurchases.
The additional paid-in capital represents the excess over the par value, which can be used for dividends or other corporate purposes.
In summary, when a company issues common stock for more than its par value, it records the excess as additional paid-in capital. This transaction increases both cash and equity on the balance sheet and represents a financing activity for the company.
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1. Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
Answers
Answer:
What is the wholesaling industry?
Explanation:
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
Your answer
All economies are technically mixed.
A. True
B. False
Answers
Answer:
True
Explanation:
Every economy in the real world regardless of their common designation (such as capitalism, socialism, or communism) make use of both markets and governments and is technically a mixed economy. ... Governments force allocation through involuntary taxes, laws, restrictions, and regulations.
Answer:
yes
Explanation:
I just know it hope it helps bro
San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance was $1.98. Assume that San Mateo is a not-for-profit organization. What was its net income?
Answers
San Mateo Healthcare’s net income for the year was $600,000. This increase in equity was the result of positive changes in net assets, as the organization’s expenses were less than its revenues.
This is because not-for-profit organizations are not taxed, so all of the income they generate is kept as net assets. Furthermore, since San Mateo is a not-for-profit organization, any donations or grants it receives are added to the equity balance.
Therefore, the $600,000 increase in equity over the course of the year was the result of income from operations, such as patient care services, as well as additional donations or grants.
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Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but crítical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answers
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
How can expectations about the future change consumer behavior?
Answers
Expectations about the future can significantly impact consumer behavior, which can in turn impact the overall economy.
Future expectations can have a significant impact on consumer behaviour in a variety of ways:
Purchasing decisions: Consumers' purchasing decisions may be influenced by their future expectations. For example, if they anticipate future price increases, they may buy more goods and services now to avoid paying higher prices later.Saving and investing: Consumers' saving and investing behaviour may be influenced by their future expectations. If they anticipate an improvement in economic conditions, they may be more likely to save and invest for future opportunities.Borrowing and lending: Future expectations can also influence borrowing and lending behaviour. For example, if consumers anticipate rising interest rates in the future, they may be more willing to borrow money now to take advantage of lower rates.Economic activity: Future expectations can have an impact on overall economic activity. Consumers may be more cautious with their spending if they expect economic growth to slow in the future, which could lead to a decrease in economic activity.Overall, future expectations can have a significant impact on consumer behaviour, which in turn can have an impact on the overall economy.
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which of the following might financial planning help you do? (select the best answer.) question 3 options: understand economic systems keep track of earning and spending tell the difference between competition types stay aware of inflation rates
Answers
Financial planning helps you keep track of earning and spending, and stay aware of inflation rates.
Financial planning involves creating a budget, tracking your expenses, and setting financial goals. It helps you understand how much money you are earning and where you are spending it, so you can make informed decisions about how to allocate your resources and reach your financial goals.
Financial planning also helps you stay informed about inflation rates, which can impact the purchasing power of your money and affect your ability to save and invest.
By staying aware of inflation rates, you can make adjustments to your financial plan to ensure that you are able to maintain your standard of living over time.
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Overall, the case demonstrates how changes in ________ affected lego's performance.
a) the marketplace
b) operational effectiveness
c) social responsibility
d) strategy competitive
e) advantage
Answers
Overall, the case demonstrates how changes in d) strategy competitive affected lego's performance.
What is the LEGO business plan?
The goal of the LEGO Group is to use play to inspire and nurture the future builders. With its base in LEGO bricks, the LEGO System in Play enables kids and fans to construct and deconstruct whatever they can think of.
As stated by the corporation, "we want to be the greatest, not the biggest," the LEGO Group is utilizing the differentiation strategy. The business is also concentrating on the creation of new products and innovation.
If Lego decides to invest in this improvement, it can use its reputation for quality to acquire a head start. Due of its well-known brand, Lego will find it to be easier than any other company.
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The current ratio of company x is 3. 0 times. company x has working capital of $20,000. total current assets for company x are:
Answers
The product of 3.0 and $20,000 is $60,000. Then, the total current assets for Company X are $60,000.
To find the total current assets for Company X, we can use the formula for the current ratio. The current ratio is calculated by dividing total current assets by total current liabilities.
Given that the current ratio of Company X is 3.0 times and the working capital is $20,000, we can set up the following equation:
3.0 = Total Current Assets / Total Current Liabilities
Since we only have the working capital and not the total current liabilities, we can't directly solve for the total current assets.
However, we can make an assumption that the total current liabilities are equal to the working capital. So, we can rewrite the equation as:
3.0 = Total Current Assets / $20,000
To solve for the total current assets, we can multiply both sides of the equation by $20,000: 3.0 * $20,000 = Total Current Assets
The product of 3.0 and $20,000 is $60,000. Therefore, the total current assets for Company X are $60,000.
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What does the value of collateral or down payment affect? Check all that apply.
the amount borrowed
the interest rate
the lender’s perceived risk
the repayment schedule
the credit cards available
Answers
Answer:
the value of collateral or down payment affect :
1. the amount borrowed
2. the repayment schedule
Explanation:
Only the amount borrowed and repayment schedule are affected by the value of collateral or down payment.
This is so because, the collateral or down payment instantly reduces the amount borrowed from the lender known as the Principle Amount.
Once the Principle amount is reduced, the instalments or repayment of interest and capital also reduces and some times the length of time for paying back the amount borrowed.
The value of collateral or down payment affects:
The amount borrowed The interest rate The lender’s perceived riskCollateral refers to an item of equal worth that is given to a lender to hold in case of a default in payment. The collateral or down payment that is deposited for a purchase will be equivalent to the amount borrowed.
A television set will not be equivalent collateral for a loan of $100,000. The collateral will also be measurable to the perceived risk of the lender.
The higher the perceived risk, the higher the collateral. The interest rate will also affect collateral. So, options 1, 2, and 3 are correct.
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robert obtained a $350,000 interest-only loan at a 4.5% interest rate. how much will robert pay in interest each year?
Answers
Robert will pay $15,750 in interest each year ($350,000 * 0.045).
Robert will pay $15,750 in interest each year on his $350,000 interest-only loan.
To calculate the annual interest payment, we multiply the loan amount by the interest rate. In this case, the loan amount is $350,000 and the interest rate is 4.5% (or 0.045 as a decimal).
Therefore, the calculation is $350,000 * 0.045 = $15,750. This means that Robert will need to make interest payments of $15,750 per year to the lender. It's important to note that with an interest-only loan, the borrower is only required to pay the interest portion for a specified period, typically a few years.
After the interest-only period ends, the borrower may be required to start making principal payments as well.
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Ryan, a foreign-exchange dealer, sold U.S. dollars for Swiss francs in the United States, then sold Swiss francs for Japanese yen in Switzerland, and then sold the Japanese yen for U.S. dollars in the United States. Ryan hopes that he will end up with more U.S. dollars than when he began. Which term best describes Ryan's actions
Answers
Answer: Arbitrage
Explanation:
Arbitrage occurs when an economic agent such as an individual buys and sells currencies, securities, or commodities in several markets simultaneously so that the individual can take advantage of the different prices that is charged for the same asset. This is the method that is being used by Ryan in the question.
When does potential gdp increase? question content area bottom part 1 potential gdp increases when _______.
Answers
An increase in potential GDP increases both long-run aggregate supply and short-run aggregate supply.
When does potential GDP increase?
That is, if more people join the labor force, more capital is added to the economy, or the present labor force and capital stock become more productive, potential GDP growth could accelerate.
possible GDP
Because there are so many employees and factories prepared to ramp up production, in this scenario, a relatively minor increase in the prices of the products that firms sell—with no increase in input prices—can promote a significant spike in the quantity of aggregate supply—real GDP.
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Ron and Jim are making sandwiches for a party. Ron makes 2 times as many sandwiches as Jim. Together they make a total of 42 sandwiches
Wich equation can be solved to find j the number of sandwiches jim makes.
Asking for little cousin
Answers
Answer:
42÷3=14
Explanation:
if jim makes 14 sandwiches then Ron makes 28 sandwiches
14+28=42
MY PROGRESS-36% Marketing Research LEO Decision Point: Choosing Your Research Topic You are now tasked with developing a research plan that would best support the research objectives you have just chosen. You consider your options and narrow them down to the following three. Select an option from the choices below and click Submit Research the attitudes that men under 35 have towards eSports Research the effect that increased advertising in women's magazines would have on women's attitudes towards eSports. Research the attitudes that U.S. women and consumers over 35 have towards the eSports Industry
Answers
The best course of action would be to investigate the attitudes that American women and consumers over 35 have toward the eSports Industry based on the research objectives that were selected.
The inclusion of a particular demographic (women and consumers over 35) that may help shed light on potential target audiences for the industry is in line with the research objective of understanding general attitudes toward the industry.
Researching the attitudes of men under 35 would not be in line with the chosen research objectives, whereas studying the impact of increased advertising in women's magazines on women's attitudes toward eSports would only reveal information about one possible marketing strategy.
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business do not maximise output from the given inputs
Answers
Answer:
Allocative inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
Basically, there are two (2) types of inefficiency associated with the production of goods and services to meet the unending requirements or needs of consumers, these includes;
1. Technical (productive) inefficiency: it occurs when a company or business firm produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
2. Allocative inefficiency: it occurs when a company or business firm do not maximise output from the given inputs such as raw materials, capital, etc. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
Hence, when a business do not maximise output from the given inputs, it is referred to as an allocative inefficiency.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
Strengths identified in a SWOT Analysis are new actions a business should implement.
Question 1 options:
True
False
Answers
The Strengths that a business identifies when it does a SWOT Analysis are not new actions to be implemented so this is False.
SWOT analysis help a company evaluate itself to know what it needs to do to improve past its competitors. It is an acronym that stands for:
Strengths - these are areas that a company already excels in. Weaknesses - these are areas a company needs to improve in Opportunities - these are potential events that can be leveraged on by a company to become successful Threats - these are anything that can affect a business in a negative manner such as competitor products or government regulationAs shown above, strengths are not a new action to implement but are rather areas and actions that a company is already well-versed at implementing.
In conclusion, it is false that strengths in a SWOT Analysis are new actions that should be implemented.
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The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
Answers
Act ii costumes has a quick ratio of 3.5:1, $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. What are its current liabilities?
Answers
Answer:
$40,000
Explanation:
Based on the given information, the current liabilities will be 40,000.
What are current liabilities?
Current liabilities are debts or obligations owed by a corporation to others that are due within one year or during the typical operating cycle of the business, whichever is longer.
To calculate the current liabilities, the formula used will be
Quick ratio = (cash + accounts receivable) / current liabilities
3.5 = Cash + accounts receivable/current liabilities
3.5 = $120,000 + $20,000 / current liabilities
current liabilities = $40,000
Therefore, the current liabilities in the given case are $40,000.
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According to the following table, which of these factors affects your credit
score the least?
Percent affects score
Max # of points
2973
Factor
wwarded
Payment history
Amount owed
Length of credit
history
New credit
Types of credit
30%
15%
1275
10%
10%
85
85
Answers
Answer: New credit
Explanation:
According to the following table, new credit, of these factors affects your credit score the least. Therefore, option (a) is correct.
What is credit score?Based on a thorough examination of a person's credit files, a credit score is a numerical representation that reflects their creditworthiness. Credit scores are determined by statistically analyzing a person's financial history, which includes their payment history, credit utilization, duration of credit history, categories of credit utilized, and most recent credit queries.
A person who has applied for new credit is said to have credit lines or loans that they did not previously have. One component of a person's credit report, it impacts whether their credit score will increase or decrease. Because it adds a hard query to their credit report, applying for new credit can temporarily lower a person's credit score.
As a result, the significance of the these factors impacts credit score the least are the aforementioned. Therefore, option (a) is correct.
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10. Which type of utility do you believe has the greatest impact on price? Explain
Answers
Answer: Place utility
Explanation:
The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.
The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.
What certificate will we get if we become a teacher?
Answers
Answer:
You can get a teaching certificate or an alternative certification, but go for the nationally-recognized board certification when you're eligible. Use the best job sites. The best job sites, for teaching jobs, are the websites of the school and school district themselves.
BRAINLIEST PLS HELP!
How do "needs, wants, and demands" play into marketing? Explain each term.
Answers
needs: something you need to survive such as shelter, water and food
wants: something you would like to have such as entertainment
demands: the amount of people needing the item.
supply and demand are important for marketing so products you are selling can be managed.
like a Christmas tree in November and December the item has high demand and high supply
but in june and july there is no demand for christmas trees but supply is being created by growing them.
Organisational development (OD) interventions are structured programme designed to solve a problem, thus enabling an organisation to achieve the goal. Evaluate the FOUR (4) types of OD interventions, and its relationship with organisational culture, climate, and development.
Answers
Organisational development (OD) interventions are structured programmes designed to solve a problem, thus enabling an organisation to achieve its goal. The FOUR types of OD interventions are intergroup development, process consultation, team-building and survey feedback.
They have a significant relationship with organisational culture, climate, and development. Here's how each intervention relates to these terms:
1. Intergroup developmentIntergroup development Organisational development intervention brings together members of different departments or divisions to work on common goals and resolve interdepartmental conflicts.
This intervention creates a positive organisational climate and helps in breaking down the barriers that impede open communication between members of different groups. Intergroup development intervention is well suited for changing the organisational culture to enhance cooperation and collaboration among different teams.
2. Process consultation: Process consultation OD intervention involves an external consultant helping an organisation to diagnose the organisational problems and work out a suitable solution. This intervention is a good fit for organisations that lack internal resources for problem-solving. Process consultation can be used to change the organisational culture and enhance its development by strengthening internal problem-solving capacity.
3. Team-buildingTeam building OD intervention brings together members of a team to create a shared understanding of team goals and work together to improve teamwork. This intervention helps in creating a positive organisational climate that promotes open communication, collaboration and a sense of community among team members. Team building can be used to change the organisational culture by fostering a culture of teamwork, which is essential for organisational development.
4. Survey feedback: Survey feedback OD intervention involves collecting data from members of an organisation and using the data to identify areas of strengths and weaknesses. This intervention helps in creating a positive organisational climate by providing employees with the opportunity to express their opinions.
Survey feedback can be used to change the organisational culture by identifying areas that need improvement and creating a culture of continuous improvement that fosters organisational development.
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State and explain trends in modern in office management
Answers
Answer:
Modern office management has evolved rapidly over the past few decades due to technological advancements, globalization, and changing workforce demographics. Some of the significant trends in modern office management include:
Remote Work: With the widespread adoption of digital technology, many companies have started embracing remote work. Employees work from home or other locations outside of the traditional office setting.
Collaboration Tools: With the rise of remote work, collaboration tools such as video conferencing, project management software, and cloud-based document sharing have become increasingly important in managing remote teams.
Focus on Employee Wellness: Many companies are now prioritizing employee wellness by offering wellness programs, gym memberships, and other perks to promote work-life balance and reduce stress.
Sustainability: More and more businesses are adopting sustainable practices in office management. For example, they are reducing waste, using renewable energy, and implementing green initiatives.
Diversity and Inclusion: With a growing awareness of the importance of diversity and inclusion, many companies are actively working to create more inclusive work environments and to promote diversity in hiring and leadership.
Automation: With the increasing use of artificial intelligence and automation in the workplace, many routine tasks are now being automated. Automation allows employees to focus on higher-level tasks that require more complex skills and decision-making.
Agile Methodologies: Many companies are adopting agile methodologies in their office management. They emphasize flexibility, collaboration, and continuous improvement.
Overall, modern office management focusses on employee well-being, sustainability, diversity, and collaboration. It also relies on technology and automation to streamline processes and improve productivity.
Explanation:
If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answers
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
Elly &Frank Valdez are thinking about buying a new house and financing it
through their bank. If they get approved, what type of loan will it most likely
be?
A. Installment credit
B. Single payment loan
C. Revolving credit
D. Multipayment loan
Answers
Answer: A.) Installment Credit
Explanation: Subject to approval, the loan afforded to Elly and Frank Valdez by their bank will most likely be an installment credit. The installment credit is a type of loan which requires the loanee to repay a fixed amount which has been borrowed at a regular scheduled amount over an agreed period of time. The loan period may vary depending on the agreement and amount of initial loan, and the repayment schedule also needs to be stated as maybe monthly, bimonthly, quartely and so on.
Answer:
Installment Credit
Explanation:
AP3X
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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