Caroline lives in miami and loves to eat desserts. she spends her entire weekly allowance on jello and pie. a bowl of jello is priced at $1.75, and a piece of apple pie is priced at $7.00. at her current consumption point, caroline's marginal rate of substitution (mrs) of jello for pie is 4. this means that caroline is willing to trade four bowls of jello per week for one piece of pie per week. does caroline's current bundle maximize her utilit.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.

What role do business cycles play in a market economy