Business, 05.11.2019 06:31 4804174946
Ed's utility from vacations (v) and meals (m) is given by the function u(v, m) = v2m. last year, the price of vacations was $200 and the price of meals was $50. this year, the price of meals rose to $75, the price of vacations remained the same. both years, ed had an income of $1500.
a. calculate the change in consumer surplus from meals resulting from the change in meal prices.
b. what is the compensating variation for the price change in meals?
c. calculate the equivalent variation for the price change in meals.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 14:00, myiacoykendall
Jason day company had bonds outstanding with a maturity value of $300,000. on april 30, 2017, when these bonds has an unamortized discount of $10,000, they were called in at 104. to pay for these bonds, day had issued other bonds a month earlier bearing a lower interest rate. the newly issued bonds had a life of 10 years. the new bonds were issued at 103 (face value $300,000).
Answers: 2
Business, 22.06.2019 11:50, CheddaDsk
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
Business, 22.06.2019 17:10, alexwlodko
Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?
Answers: 1
Business, 22.06.2019 17:10, mikailah0988
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
You know the right answer?
Ed's utility from vacations (v) and meals (m) is given by the function u(v, m) = v2m. last year, the...
Questions in other subjects:
English, 21.06.2019 23:10
