Walt consumes strawberries and cream but only in the xed ratio of three boxes of strawber-

ries to two cartons of cream. at any other ratio, the excess goods are totally useless to him. the

cost of a box of strawberries is 10 and the cost of a carton of cream is 10. walt's income is 200.

which of the following is true? ( show work or explain, i already know the answer, just need to know how to get there)

(a) walt demands 10 cartons of cream.

(b) walt demands 10 boxes of strawberries.

(c) walt considers strawberries and cartons of cream to be perfect substitutes.

(d) walt demands 12 boxes of strawberries.

(e) none of the above

The largest elements of community corrections are

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer