Business, 10.10.2019 05:00 michaelmcgee99
Refer to the information in homework 2 question 2: ross derives utility from only two goods, chocolates (x) and donuts (y). his utility function is as follows: u(x, y) = 0.5xy. his marginal utility from chocolates (x) and donuts (y) are given as follows: mux = 0.5y and muy = 0.5x. ross has an income of $1440 and the price of chocolates (px) is $10 and donuts (py) is $9. b. suppose price of donuts (py) increase to $16, price of chocolates and income remain unchanged. how much is the total effect of this price change on ross's consumption of donuts? show your work. how much of this total effect is due to income effect and how much is due to substitution effect (round up your answer up to two decimal places)? show your work. (2+6+4+4 = 16 points)
Answers: 3
Business, 21.06.2019 20:20, help1572
After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.
Answers: 1
Business, 22.06.2019 08:40, Damagingawsomeness2
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
Business, 22.06.2019 09:50, niele123
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
Refer to the information in homework 2 question 2: ross derives utility from only two goods, chocol...
English, 13.07.2019 15:00
Mathematics, 13.07.2019 15:00
Mathematics, 13.07.2019 15:00
History, 13.07.2019 15:00