Every evening for dinner Phil A. Ofish has one serving of fish and two servings of mashed potatoes. The marginal utility of the last serving of fish is 200 utils and the price of fish is $5 per serving. If we assume that Phil is a utility-maximizer, what can we say about the marginal utility of the last serving of mashed potatoes if the price of each serving of mashed potatoes is $2?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

What talents or skills do u admire most in others

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?