Dennis, who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $100 to spend on food. He is currently consuming 20 grilled chicken sandwiches per week, at a price of $3 each, and 20 salads per week, at a price of $2 each. If the last sandwich and the last salad both added 40 units to Dennis's total utility, he should:. 1. buy more salads and fewer sandwiches.
2. is making the utility-maximizing choice.
3. obtains more additional utility per dollar from sandwiches than from salads.
4. should buy more sandwiches and fewer salads.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

In macroeconomics, to study the aggregate means to study blank