Business, 24.11.2021 02:50 multibeastpr
Miles is three years old and his grandparents have given him money to spend at the toy store as a birthday present. Miles' number one favorite thing to play with is building blocks. Assume that Miles' utility will increase by 100 units if he purchases a new set of building blocks and and it will cost him $50. His second favorite thing to play with is fire trucks. Fire trucks cost $20 and each new fire truck improves Miles' utility by 80 units. His third favorite toy is trains. Trains improve his utility by 15 units and cost $5 each.
Required:
a. If Miles buys only one toy, which should he buy to maximize his utility?
b. In general, which condition below indicates that a consumer is maximizing his or her utility regarding spending on two goods?
Answers: 1
Another question on Business
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
You know the right answer?
Miles is three years old and his grandparents have given him money to spend at the toy store as a bi...
Questions
Mathematics, 29.12.2019 02:31
Mathematics, 29.12.2019 02:31
Social Studies, 29.12.2019 02:31
Mathematics, 29.12.2019 02:31
Geography, 29.12.2019 02:31
Computers and Technology, 29.12.2019 02:31
Physics, 29.12.2019 02:31
Mathematics, 29.12.2019 02:31
Mathematics, 29.12.2019 02:31
Social Studies, 29.12.2019 02:31
Biology, 29.12.2019 02:31
