subject
Business, 14.05.2020 03:57 michellestepp2001

Kevin lives in New York City and loves to eat desserts. He spends his entire weekly allowance on yogurt and pie. A bowl of yogurt is priced at $1.25, and a piece of pumpkin pie is priced at $5.00. At his current consumption point, Kevin's marginal rate of substitution (MRS) of yogurt for pie is 5. This means that Kevin is willing to trade five bowls of yogurt per week for one piece of pie per week.
Does Kevin's current bundle maximize his utility—in other words, make him as well off as possible? If not, how should he change it to maximize his utility?
A. Kevin's current bundle maximizes his utility, and he should keep it unchanged.
B. Kevin could increase his utility by buying more yogurt and less pie per week.
C. Kevin could increase his utility by buying less yogurt and more pie per week.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:00
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january
Answers: 1
question
Business, 22.06.2019 01:30
For each example identify the most appropriate ctso
Answers: 3
question
Business, 22.06.2019 03:00
50 points mark brainliest 1) the information in the interactive presentation suggests that people a) utilize the perception of others rather that out own perception b) learn more about the positive aspects of perception c) should monitor how perceptual barriers influence our relationship d) spend more times on our personal relationships rather than our professional relationships 2) you are about to take the dog out for a walk but pause to watch the news because you hear the name of your town being mentioned hearing your town being mentioned on the news is an example of a) stimulation b) interaction c) organization d) interpretation- evaluation 3) tamara thinks ivan is upset with her because hes been unusually quiet today to better interpret the situation and communicate appropriately tamara should a) ask ivan why hes quiet and explain that hes being inconsiderate b) leave ivan alone because hes obviously going through something c) ask her guidance counselor for tips on providing therapy to a friend d) examine her own perception and then check in with ivan about his behavior 4) of the following abilities which is the most important to the perceptual checking process a) critical thinking ability b) creative ability c) memorizing ability d) organizational ability
Answers: 2
question
Business, 22.06.2019 11:00
While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?
Answers: 1
You know the right answer?
Kevin lives in New York City and loves to eat desserts. He spends his entire weekly allowance on yog...
Questions
question
Mathematics, 11.10.2020 20:01
question
Mathematics, 11.10.2020 20:01
question
Social Studies, 11.10.2020 20:01
question
Chemistry, 11.10.2020 20:01
question
Mathematics, 11.10.2020 20:01
question
Mathematics, 11.10.2020 20:01
question
Spanish, 11.10.2020 20:01
question
Mathematics, 11.10.2020 20:01
question
Mathematics, 11.10.2020 20:01
Questions on the website: 13722362