Suppose tacos cost $3 each and hot dogs cost $2 each. The table below shows the marginal utility that Fred gets from consuming these two goods. Fill in the values in the marginal utility per dollar columns (MU/P) for each good. Marginal Utility Marginal Utility Marginal Utility Marginal Utility
of Tacos of Tacos per dollar Hot of Hot Dogs of Hot Dogs per
Tacos MU (P = $3) MU/P Dogs MUh Dollar (Ph = $2)
MUh/Ph
1 15 1 20
2 12 2 16
3 9 3 10
4 6 4 6
To maximize utility, if Fred has $12 to spend, he should consumetaco(s) andhot dog(s).

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

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.