The local CVS sells two brands of laundry detergent: Myst™ and Breez™. Myst and Breez use the exact same formula to make their detergent, and are sold in very similar packaging. The only difference between Myst and Breez is that Myst is sold in 16 oz packages, while Breez is sold in 32 oz packages. Dennis (a local CVS shopper) is indifferent between Myst and Breez, and cares only about how much detergent he gets. Thus, his preferences over Myst (M) and Breeze (B) can be represented by: u(, B) = 16 + 32B

Suppose that the price of a bottle of Breez is $10, and the price of Myst is PM. Dennis has a budget of $30. Let’s try to determine Dennis’s demand curve for Myst as a function of its price, PM:

Required:
Suppose PM= $2. How many containers of Myst will Dennis purchase?

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince