Business, 03.03.2020 22:52 23jazzy

A student buys only two goods pizza and books. The price of pizza is $5 and the price of books is $10. At the student's present level of consumption, her marginal utility of pizza is 4 and her marginal utility of books is 2. Currently, the student is spending all her income. A. Is this student currently in consumer equilibrium (maximizing utility)? Explain using a graph. B. What would this student have to do in order to increase her utility? Use the diagram from part (a) to explain your answer.

Answers: 2

Show answers

Answers

Answer from: Quest

Ibelieve it would be choice a ($24,630)

Answer from: Quest

Ok well you are not bhanu is the best way of a day of luck in which he i don't need yuu is the best way to get it to prove it is good for me is a name of girl then i know i know you are not bhanu is the best way to get it to prove it is good that the best way to get it to prove it is good for me is a 899hb of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people

Answer from: Quest

it's obviously d. it could be c though.

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Another question on Business

Business, 22.06.2019 02:30

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Answers: 1

Answer

Business, 22.06.2019 13:00

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

Answer

Business, 22.06.2019 13:30

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Answers: 3

Answer

Business, 22.06.2019 21:30

The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was

Answers: 1

Answer

You know the right answer?

A student buys only two goods pizza and books. The price of pizza is $5 and the price of books is $1...

Questions