Business, 17.01.2020 09:31 sheazy3709
Suppose a consumer's utility function is given by u(x, y) = x*y. also the consumer has $288 to spend, and the price of x, px=16, and the price of y, py=1: a. how much x and y should the consumer purchase in order to maximize her utility? b. how much total utility does the consumer recieve? c. now suppose px decreases to 9. what is the new bundle of x and y that the consumer will demand? d. how much money would the consumer need in order to have the same utility level after the price chage as before the price change? e. of total change in the quantity demanded of x, how much is due to the substitution effect and how much is due to the income effect?
Answers: 3
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
Business, 22.06.2019 17:30
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Suppose a consumer's utility function is given by u(x, y) = x*y. also the consumer has $288 to spend...
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