In order to maximize total utility for a selection of products, each time we should select the product with a MU/P ratio that is

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Answer 1

In order to maximize the total utility we get from a product, we should select products that have a MU/P ratio that is higher.

How can we maximize utility?

Utility can be maximized when we pick products that give us a higher utility per price.

The MU/P ratio shows the marginal utility we get from an item per the amount we spend on it. We should therefore pick products that have a higher ratio.

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Related Questions

Parsa’s organics currently has $56 in debt for every $100 in equity. If the company were to use some of its cash to decrease its debt, while maintaining its current equity and net income, which one of the following would decrease?.

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If Persa's Organics was to use cash to decrease debt, the figure that would decrease is E. Equity Multiplier.

Why would the equity multiplier decrease?

The Equity multiplier is calculated as:

= Total assets / Shareholder's equity

Total assets will decrease because cash is decreasing from being used to pay off debt. Shareholder's equity is remaining the same on the other hand. This would therefore lead to the whole measure decreasing.

Options include:

a. Total asset turnover

b. Return on equity

c. Return on assets

d. Net profit margin

e. Equity multiplier

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The __________________ is the nominal interest rate minus the rate of inflation.

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the answer should be real interest rate

Assume that the promissory note from Vexnet to Onyx Advertising was payable on a date certain (and all other requirements were met) so that it was a valid negotiable instrument. How would the instrument be negotiated

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The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

What is  negotiable instrument?

A negotiable instrument is known to be a kind of a signed document that tells or promises a  given amount of payment to a particular individual or the assignee.

Note that in the case above, The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

See options below

Since it is an order instrument, it is negotiated by delivery only.

Since it is a bearer instrument, it is negotiated by delivery and indorsement.

Since it is a bearer instrument, it is negotiated by delivery only.

Since it is an order instrument, it is negotiated by delivery and indorsement.

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An investment adviser representative has been reviewing the likelihood that an equity investment will produce the desired return. He has determined that the mean return on the investment is 15%, with a 12% standard deviation, and a 95% probability of occurrence. This means that he would expect the range of returns to be approximately:

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The investment adviser would expect the range of returns on the equity investment to be between 5% and 35%.

What is the range of the desired return?

The lower bound of the range is:

= Mean return - Standard deviation

= 20% - 15%

= 5%

The upper bound of the range is:

= Mean return + Standard deviation

= 20% + 15%

= 35%

The range is therefore 5% to 35%.

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The range of returns to be approximately 3.00% - 27.00%

What is investment?

An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.

A 12% standard deviation means that the investment return can vary plus or minus 12% from the mean (average) return over the course of a year. With a 15% average (mean) return, it might fall as low as 3% (15% - 12% deviation); or it might rise as high as 27% (15% + 12% deviation).

The probability of the return falling in this range is 95%. This has nothing to do with the actual calculation of the range of returns.

As a result, 3.00% - 27.00% is correct.

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The Plume and Fabric manufacturing company abides by a strict code of providing the best in equipment, lighting, and overall working conditions for its 350 employees who create costumes for Broadway shows. While the company could save money by hiring less-skilled or underage labor to do the job, it knows that decision is not acceptable. This scenario demonstrates how a(n) _____ plays a role in the company's decisions. Multiple choice question.

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This scenario in the company demonstrates how an Ethical strategy plays a role in the company's decisions.

What is an Ethical strategy?

This strategy is one that analyzes the target markets and the items that customers are more likely to buy.

However, as the firm abides by its strict code of providing the best in equipment, lighting and overall working conditions, its shows that Ethical strategy plays a role in the company's decisions.

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When a drone manufacturer decides to shift from producing and selling high-quality, high-end drones to producing drones at the lowest possible cost, it is changing its __________.

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Such a switch from selling high quality drones to making drones at the lowest cost is a change in competitive strategy.

What is competitive strategy?

This refers to the pricing method that a company uses to gain an edge in the market over its competitors.

Some companies decide to charge high prices but produce high quality goods while other companies produce cheaper goods at the lowest cost.

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(Scenario: Assets and Liabilities of the Banking System) According to the Scenario: Assets and Liabilities of the Banking System, suppose that the reserve ratio is 10 percent when the Federal Reserve sells $25,000 worth of U.S. Treasury bills to the banking system. If the banking system does NOT want to hold any excess reserves, _______ will be _______ the money supply.

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If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

What is an excess reserves?

Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.

Since there is  $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000

Therefore,  If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

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Sara was faced with a decision to complete a skill herself or delegate to a staff member. Watch both examples and think about your reading about the three-skill approach. Explain which skill was used in each example and how it ultimately affected patient and staff outcomes. If you don’t agree with either example, can you think of a better decision for sara? explain which skill you would have focused on and why.

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Answer:

Complete a skill herself.

If buyers in this market have to wait in line to purchase this good after a $1 price ceiling is imposed, each buyer purchases only one unit of the good, and buyers in the market value their time at $8 per hour, how long will the wait have to be per remaining customer to clear the market

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The waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price. Therefore, making the full price equal to $5 for each buyer clears the market.

What is the price ceiling?

A price ceiling is a price control mechanism by the government to intervene in the market forces of demand and supply by setting a maximum price.

While price ceilings are imposed to make prices low for consumers, it may cause shortages in the quantities supplied.

Thus, the waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price.

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Which of the following is a reason the government can’t completely control the business cycle

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The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.

What is business cycle?

The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.

The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.

Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.

As a result, option (b) the government can't control interest rates is correct.

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The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Answers

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

What does law of supply states?

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

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A registered representative in your firm is about to retire and has asked a younger representative in the same branch office if she wants to buy his book of business. The younger representative is very interested and the two RRs have negotiated a sale price and have agreed in a written contract that continuing commissions will be paid to the retiring representative for a period of 5 years following retirement, based on the clients named as of the date of retirement. Which statement is TRUE about such an arrangement

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The statement that is  TRUE about such an arrangement is: Such an arrangement is a permitted private contract as long as the contract is executed prior to the retirement date,

What is private contract?

Private contract  is a type of written or oral  agreement between two parties or between two or more people.

Since the registered representative intent is to get an income after retirement  through the commission earn by selling his book of business the contract is valid in as far as the contract was executed before the registered representative retire date.

Therefore the arrangement is a permitted private contract.

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If you're using a 50/30/20 budget,
what percentage of your monthly
income should you spend on savings
and paying off debt?

A: 30%
B: 20%
C: 0%

Answers

Answer:

B: 20%

Explanation:

you spend 50% of your after-tax pay on needs

30% on wants, and 

20% on savings or paying off debt.

So its B 20%

Frictional unemployment is most closely associated with: Group of answer choices people who are unemployable due to alcohol or drug addictions. a general downturn in the economy. people quitting a job just long enough to look for and find another one. people losing a job when their skills become obsolete due to technological innovations.

Answers

Frictional unemployment is most closely associated with people quitting a job just long enough to look for and find another one.

What is frictional unemployment?

A person who consciously quits one job to pursue another is said to be experiencing frictional unemployment, which most frequently happens in a strong economy.

Causes of tense working relationships can include a worker quitting to be nearer to a spouse's new job, going back to school, or having the money to take time off work to hunt for another job.

Employers can lessen frictional employment by enhancing job flexibility and providing relocation support, among other things.

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What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?

Answers

Answer:

21080.28.

Explanation:

PLEASE HELP ME!! sos

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The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.

What Is a Blank Endorsement?

A blank endorsement refers to a signature on a financial instrument together with a check. No payee is specified, so any holder of the instrument ought to declare payment. The signature basically turns the instrument right into bearer security.

That is, it isn't registered to any individual however is payable to the individual that possesses it.

Therefore, The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.

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Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. why is it important for her to check the information recorded on her
credit report?
to verity that her report reflects accurate on-time payment history
to confirm that her report has the correct car brand and model
to check that her report includes the appropriate maintenance schedule
to ensure that her report shows the correct license registration

Answers

It is important for her to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.

What is credit report?

This refers to the list that shows a client data about their credit activity such as loan paying history, status of credit accounts etc

Hence, Sophia needed to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.

Therefore, the Option A is correct.

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Answer:

A. to verity that her report reflects accurate on-time payment history

Explanation:

True or false: a large, simple design is best used in situations where baseline measurements are complex and require special equipment.

Answers

The given statement is FALSE because if the baseline measurements are complex and need special equipment, then a large, simple design would NOT be needed.

What is a Design?

This refers to the framework that is used to show a blueprint for a thing and can also mean the construction of a thing.

Hence, we can see that the given statement is false because, in a case of a complex measurement that would require special equipment, a special design would be needed.

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complete the following analogy. disobedience : punishment :: unemployment : ___________

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The Analogy of unemployment is Penury

Analogy can be described as when two objects are compared together, it could also mean the similarities between two things.

Unemployment is a state of having no job or something doing tp bring money. In a state of unemployment, the individual us said to be struggling and poor

Penury means lack of essential resources and having no money


Hence unemployment and penury are similar in meaning

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In july, lane co. Sells merchandise to avery co. On account. In august, avery pays the balance in full. The entry that lane will make to record the receipt of cash will include a credit to the _______ account.

Answers

The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.

What is Accounts Receivable?

Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.

It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.

For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.

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A gold standard ensures a long-run tendency toward price stability because

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A gold standard ensures a long-run tendency toward price stability because the cost of producing an ounce of gold stays relatively constant overtime.

What is a gold standard?

A gold standard is the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.

Therefore, the correct answer is the cost of producing an ounce of gold stays relatively constant overtime.

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Fyllor Inc., a manufacturer of office equipment such as fax machines and printers, regularly imports component parts and then assembles them to make finished products. A recent increase in the import duty on component parts has led to an increase in the price of the firm's products, and this in turn has led to a drop in sales. In this scenario, the drop in sales for Fyllor Inc. can be attributed to its:

Answers

In this scenario, the drop in sales for Fyllor Inc. can be attributed to its general environment.

What does the general environment refer to?

A business's general environment refers to the external influences that shape business activities.

Some of the general environment or external influences include the environment, technology, political factors, economic conditions, demographics, and socio-cultural forces (PESTEL).

Thus, in this scenario, the drop in sales for Fyllor Inc. can be attributed to its general environment.

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What is Amazon's WACC? Note: Amazon does not have r preferred stock. Apply the CAPM to estimate the cost of equity using the expected market return and risk-free rate from the Walmart WACC estimate. Answer to 2 decimal places in % format w/o % sign.

Answers

Hence, 0.21 is the amount of taxes that were mentioned in the Walmart example, in addition to 0.66 percent and 12.70 percent.

What is Amazon's WACC?

1.1634= bond from line

Generally, the cost of equity is  mathematically given as

Using the CAPM to estimate the cost of equity using the expected market return and risk-free rate from the Walmart WACC we have

C.E=R+[tex]\beta[/tex] (ER-R)

Where

R=risk free rate

[tex]\beta[/tex] = beta of the investment

(ER-R)=market risk premium

Therefore, from the Walmart WACC

CE=0.66%+1.1634*(12.7%-0.66%)

CE=14.68%

Generally, the Market value is  mathematically given as

MV= 1,215,500,000,000

Generally, the cost of debt is  mathematically given as

CD= 37,855,403,701.28

Hence

Total value= 1,215,500,000,000+37,855,403,701.28

Total value= 1,253,355,404,000

[tex]Weight of equity= \frac{1,215,500,000,000}{1,253,355,404,000}*100[/tex]

Weight of equity= 96.98%

[tex]Weight of debt= \frac{37,855,403,701.28}{1,253,355,404,000} *100[/tex]

Weight of debt=3.02%

Therefore

0.969814*0.68+0.03020.014*(1-0.21) = 14.27%

Hence, 0.21 is the amount of taxes that were mentioned in the Walmart example, in addition to 0.66 percent and 12.7 percent.

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When the project may be completed early with some parts of the project eliminated this is considered to be

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A premature closure occurs when the project may be completed early with some parts of the project eliminated.

What is a premature closure?

This refers to a situation whereby the project is of strategic importance and must be delivered earlier than expected.

Hence, this also occurs when the project may be completed early with some parts of the project eliminated.

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when the money market is drawn with the value of money on the vertical axis, if money demand shifts leftward, then initially there is an:

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if money demand shifts leftward, then initially there is an excess supply of money which causes the price level to rise.

What is excess money supply?

Excess money supply occurs when the supply of money in an economy is greater than the money demand or the level of the total output of an economy.

When there is an excess money supply, its effect is to result into inflation or causes the price level to rise.

Therefore, when the money market is depicted with the value of the currency on the vertical axis, if money demand shifts leftward, then initially there is an excess supply of money which causes the price level to rise.

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What actions would the fomc likely take if it were to pursue contractionary monetary policy using open market operations?.

Answers

The key movements via are to increase the economy consist of a decreased bargain fee, buying government securities, and a decreased reserve ratio.

When the Fed makes use of contractionary policy?

When GDP in a kingdom is growing too fast, inflicting inflation to grow past a suited charge of two%, central banks will put in force a contractionary economic coverage. The Federal Reserve, or any principal financial institution, has three primary pieces of equipment to reduce the money supply.

A direct advantage of contractionary economic coverage is that it strengthens government budgets. As an instance, whilst the Fed's bargain price increases, the government earns extra cash from the banks that borrow budget from the Fed's cut price window. The government can use this supply of sales to offset spending and decrease price range deficits.

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Most bonds require par value to be repaid _______ and interest to be paid _________.

Answers

Most bonds require par value to be repaid at maturity and interest to be paid semi-annually.

What is a bond?

A bond is a debt instrument used by businesses to raise capital needed for business operations. Bondholders earn interest on the amount invested at predetermined intervals and at the maturity of the bond, they are paid back the amount invested.

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which points of the production possibilities curve show a level of production that would be achievable only through further growth in the company

Answers

Key model. The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.

when scrum team members meet and collaborate with each other to find the best way to build and deliver the software to the customer, which of the following agile values is being practiced?

Answers

When scrum team members meet and collaborate with each other to find the best way to build and deliver the software to the customer, the agile value being practiced is:

individuals and interactions over processes and tools;

What is the Agile value of collaboration?

The agile value of collaboration requires that team members should interact with one another to brainstorm over a matter and know the best methods to use in solving a problem.

So when the scrum team members engage in the interaction above, they are heed to the first Agile value.

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Decades ago, developing and implementing the "right" marketing strategy was all about _________________ . In today's economy, however that emphasis has shifted to developing strategies that attract and retain customers over the long term.

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In decades past, the development and implementation of marketing strategy was about b.creating a large number of transactions in order to maximize a firm's market share.

What was the focus of marketing strategy in the past?

Companies wanted to increase the number of sales transactions they had as they believed it would lead to a higher market share.

These days however, companies try to retain their customers over the long term so they can have a sustainable revenue base.

Options for this question are:

a.aggressive selling in order to maximize sales volume.

b.creating a large number of transactions in order to maximize a firm's market share.

c.making products of moderate quality that could be sold at the lowest price possible.

d.conducting extensive research to discover customer needs.

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Which type of decision maker over-analyzes a given piece of information? Kiki works in a furniture store. Her base salary is $150 per day, plus 8 percent commission on her sales. She sells several high-priced items.A 3-column table with 3 rows. Column 1 is labeled Day with entries 1, 2, 3. Column 2 is labeled Item with entries sofa chair, loveseat, couch. Column 3 is labeled Price with entries 350 dollars, 500 dollars, 1,200 dollars.What is the total amount she earned over these three days? Which sentence in this excerpt from a literary analysis essay is most likely the thesis statement Read the excerpt below from "Two Kinds" by Amy Tan and answer the question that follows.My mother believed you could be anything you wanted to be in America. You could open a restaurant. You could work for the government and get good retirement. You could buy a house with almost no money down. You could become rich. You could become instantly famous.Of course, you can be a prodigy, too, my mother told me when I was nine. You can be best anything. What does Auntie Lindo knMy mother believed you could be anything you wanted to be in America. You could open a restaurant. You could work for the government and get good retirement. You could buy a house with almost no money down. You could become rich. You could become instantly famous."Of course, you can be a prodigy, too," my mother told me when I was nine. "You can be best anything. What does Auntie Lindo know? Her daughter, she is only best tricky."Which type of narration is used in this excerpt?third-person omniscientthird-person limited first-personsecond-person Mitch needs to do his laundry. It takes him 75 minutes to do each loadwhen he washes and dries the load. It takes him 43 less minutes if hehangs up his laundry to dry. He decides to hang up one load of laundryto dry.Mitch writes the equation 75r -43 = 332, where x is the number of loadsof laundry he needs to do in order to determine how long it is going totake him.The next step Mitch wrote to solve the equation is shown here: 75r = 375Which property did he use to get to this step?Aaddition property of equalityBdistributive propertyCsubtraction property of equalityDcombining like-terms . In the counter-current heat exchanger, the liquid food is cooled from 73C to 38C at the rate of 2500 kg h', using water at 15C which leaves the heat exchanger at 40C. The pipework 2.5cm in diameter is constructed from stainless steel 3mm thick; the surface film heat transfer coefficients are 1200 WmK on the liquid food side and 3000WmK- on the water side of the pipe. Calculate the Overall heat transfer coefficient and the length of pipe required (Note: specific heat of water and liquid food is 4.18 kj/kgC and 3.17 kj/kg C respectively) (6marks). HELPPPPP PLSSSS I ONLY HAVE A FEW MINUTES LEFT The nth term of a sequence is given by 3n What is the position of the term in the sequence that is the first one with a value greater than 1000? What is the approximate value of x in the diagram below? (Hint: You will need to use one of the trigonometric ratios given in the table.) sin 40 cos 40 50 0.643 0.766 0.839 tan 40 90 Under what conditions was Germany reunified? In which century did Marco Polo leave Italy Every employee works 7 hours per day. Every employee works 5 days per week. Every employee works 49 weeks per year. how hours do the employee work per year Please I need help fast. Assignment is due soon.1) A ball is thrown from the top of a building with an initial speed of 8.0 m/s at an angle of 35 above the horizontal. 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Night driving is a special type of hazardous driving. to help your night vision when approaching an oncoming vehicle, you should direct your eyes to the ________ of the road. group of answer choices right side left side Write the Spanish conjugated 1 How did mining change over time? A Individual miners working independent claims took over claims abandoned by large corporations. B Large mines owned by corporations took over independent claims worked by individual miners. CAs barbed wire became available. mines were pushed into smaller and smaller areas until they went out of business. D Mining became more profitable after Native Americans were restricted to living on reservation what measuring basis where for dividing nepal into a federal state?write in five points