Given the following utility function: Upper U equals 100 Upper X Superscript 0.75 Baseline Upper Y Superscript 0.75 and marginal rate of substitution: MRS equals negative StartFraction 0.75 Upper Y Over 0.75 Upper X EndFraction A consumer facing the following prices: Px = $1, Py =$1 chooses to consume: 16 units of good X and 20 units of good Y. Given this consumption bundle, the marginal rate of substitution is equal to minus nothing (Round your answer to two decimal places. Note that the minus sign is already included.). Given this value, the consumer should consume more X and less Y more Y and less X the same amount of X and Y in order to maximize his/her utility.
Answers: 1
Business, 22.06.2019 04:10
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
Answers: 2
Business, 22.06.2019 11:40
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 22.06.2019 19:30
Each row in a database is a set of unique information called a(n) table. record. object. field.
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Business, 22.06.2019 20:00
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
Given the following utility function: Upper U equals 100 Upper X Superscript 0.75 Baseline Upper Y S...
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