Consumers in California pay half as much for avacados as they do for peaches. However, avacados and peaches are the same price in Georgia. If consumers in both states maximize utility, will the marginal rate of substitution of peaches for avacados be the same for consumers in both states? If not, which will be higher? The marginal rate of substitution of peaches for avacados will be
Answers
The marginal rate of substitution (MRS) is the amount of one good that a consumer is willing to give up to obtain an additional unit of another good while maintaining the same level of utility.
Assuming that consumers in both states have the same preferences for avocados and peaches, and that they face the same budget constraints, then the MRS of peaches for avocados should be the same for consumers in both California and Georgia.
However, if we assume that consumers in California have a preference for avocados over peaches, then their MRS of peaches for avocados will be lower than that of consumers in Georgia. This is because in California, consumers need to give up fewer avocados to obtain an additional peach, whereas in Georgia, consumers are indifferent between giving up either avocados or peaches to obtain more of the other.
In summary, if consumers in both states have the same preferences and budget constraints, then their MRS of peaches for avocados should be the same. But if consumers in California have a greater preference for avocados, then their MRS of peaches for avocados will be lower than that of consumers in Georgia.
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Related Questions
pegasus airlines. pegasus airlines uses 500 taillights per year. each time an order for taillights is placed, an ordering cost of $5 is incurred. each light costs 40 cents and the holding cost is 8 cents/light/year. assume that demand occurs at a constant rate and shortages are not allowed. what order quantity should pegasus use to make replenishments? how many orders will be placed each year? how much time elapse between the placements of orders?
Answers
To make replenishments, Pegasus Airlines should order approximately 250 taillights per order. They will place 2 orders each year with approximately 182.5 days between the placements. To determine the order quantity, we can use the Economic Order Quantity (EOQ) formula. The EOQ formula is given by the square root of [(2DS) / H], where D is the annual demand, S is the ordering cost per order, and H is the holding cost per unit per year.
1. D: The annual demand is given as 500 taillights per year.
2. S: The ordering cost per order is $5.
3. H: The holding cost per unit per year is 8 cents/light/year.
Now let's calculate the order quantity using the EOQ formula:
EOQ = √[(2DS) / H]
EOQ = √[(2 * 500 * $5) / $0.08]
Simplifying the equation:
EOQ = √[(1000 * $5) / $0.08]
EOQ = √[5000 / $0.08]
EOQ = √62500
EOQ ≈ 250
Therefore, the order quantity Pegasus Airlines should use to make replenishments is approximately 250 taillights per order.
To find the number of orders placed each year, we can divide the annual demand by the order quantity:
Number of orders = Annual demand / Order quantity
Number of orders = 500 / 250
Number of orders = 2
Hence, Pegasus Airlines will place 2 orders each year.
To determine the time elapsed between the placements of orders, we can divide the number of working days in a year by the number of orders placed:
Time elapsed = Number of working days in a year / Number of orders
Assuming there are 365 working days in a year:
Time elapsed = 365 / 2
Time elapsed = 182.5 days
Therefore, the time elapsed between the placements of orders will be approximately 182.5 days.
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4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
Answers
Basically just subtract, 3,678.89-1514 = 2,164.89
We can hire the best economist in the country, give them enough resources to find the best point of production on a PPC. True False
Answers
False. Hiring the best economist and providing resources can help in analyzing production possibilities, but determining the best point on a production possibilities curve (PPC) involves trade-offs and subjective factors that go beyond expertise and resources.
While hiring the best economist in the country and allocating resources can contribute to analyzing production possibilities, identifying the "best" point on a production possibilities curve (PPC) is not solely dependent on their expertise and resources.
PPC illustrates the maximum combinations of two goods that can be produced with limited resources and technology . Determining the optimal point on the PPC involves considering various factors such as consumer preferences, market demand, opportunity costs, efficiency, and external factors like government policies and technological advancements.
Even with the best economist and abundant resources, determining the "best" point on the PPC requires subjective judgments and trade-offs. It may involve considering factors like maximizing output, minimizing costs, achieving sustainability, or meeting specific goals and objectives. Different stakeholders may have different perspectives on what constitutes the "best" point on the PPC, based on their priorities and objectives.
, while economists and resources can contribute to analyzing production possibilities, the determination of the best point on a PPC involves subjective factors and trade-offs that go beyond expertise and resources alone.
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to arrive at the accurate balance on a bank reconciliation statement, it is necessary to deduct an nsf check from the bank statement balance.
Answers
An NSF (not-sufficient-funds) check is one that the bank returns because there isn't enough money in the account it was drawn on to cover it, hence the given statement is false.
The bank will deduct the check's value from the account holder's balance when an NSF check is returned.
This is because the NSF check should not be reflected in the account balance because it was not really deposited into the account. Instead, the book balance on the bank reconciliation statement should be increased by the amount of the NSF check.
The NSF check has already been noted in the company's records, and the book balance represents the account's balance as it appears in its records.
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___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
Answers
D. elective requrement are courses that build knowledge and skills in a specific field
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn Diamonds
United States
60 10
Congo
20 5
Which fraction represents the opportunity cost for the United States to produce corn?
A. 60⁄10
B. 10⁄60
C. 20⁄5
D. 5⁄20
Answers
Based on the units of corn and diamonds produced by the United States, the opportunity cost of producing corn is B. 10⁄60.
What is the opportunity cost of producing corn?The opportunity cost of producing corn to the United States would be the number of diamonds that are given up to make one unit of corn.
This can be found as:
= Units of diamonds / Units of corn
= 10 / 60 diamonds
In conclusion, option B is correct.
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Answer:
B. 10⁄60
Explanation:
Took the test and got it right.
Have a nice day!
Converse, Hollister and more have been accused of using child labor so they can
increase profit. It's more expensive to produce items in North America or other
developed countries than elsewhere because they have higher minimum wages. For
example, instead of paying $10 to someone making clothes in Canada per hour,
companies can pay workers 10 cents (Canadian money) each week in India. It's easy
to replace workers if they like, it's also dependable because workers in India are
forced to work and they'd be abused if they refuse or disobey their orders. What is
this?
A. Trade Deficit
B. Sweatshop
C. Countertrade
D. Strategic Alliance
Answers
Answer:
B. Sweatshop
Explanation:
let me know if I'm wrong
Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Eli? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% b. 30 year fixed, 5% down at a fixed rate of 6. 25% c. 30 year fixed, 6. 5% down at a fixed rate of 5. 75% d. 30 year fixed, 10% down at a fixed rate of 5%.
Answers
The loan option which I would recommend to Eli is which there are 30 years fixed, 10% down at a fixed rate of 5%.
What is the interest rate?The quotient of a loan, that is charged as interest to the receiver, is typically expressed as an annual percentage of the loan outstanding.
Given data are:
Cost of buying a townhouse = $276,650
Savings = $28,000
Earns per month = $4,475
computation:When we take 10% down, fix rate than a cover for the down payment is:
cover for the down payment :
\(\text{Cover for the down payment}=\text{10\%}\times\text{Cost of House}\\\\\text{Cover for the down payment}=\dfrac{10}{100} \times\$276,650\\\\\text{Cover for the down payment}=\$27,665.\)
And, here monthly income is $4,475
So, the mortgage will be :
\(\text{Mortgage}=30\%\times\$4,475\\\\\text{Mortgage}= \$1,342.50.\)
So, by the balance of the mortgage is:
\(\$276,650 - \$27,665= \$248,985.\)
Hence, the total monthly repayment is:
Total monthly repayment:
\(\$248,985\times\dfrac{0.05}{12}+\dfrac{348985}{30\times12}\\\\=\$1729.08.\)
Therefore, option D is correct.
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gagliardi way corporation has an expected roe of 15%. if it pays out 30% of it earnings as dividends, its growth rate will be .
Answers
The growth rate of gagliardi way corporation will be 10.5%.
The annual percentage rate of rise in dividend yield for a specific company is known as the dividend growth rate. A lot of respectable businesses strive to raise the regular dividends provided to shareholders. When valuing companies with a dividend discount model, the dividend growth rate must be calculated.
Significant dividend increase in the past could be an indicator of future dividend growth, which might indicate long-term profitability.
The following is the formula to calculate the dividend growth rate (DGR):
DGR = ROE×(1-payout ratio)
DGR=15%x(1-30%)
DGR=0.15x(0.70)
DGR=0.105x100
DGR=10.5%
The dividend payout ratio is 10.50% as a result.
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True or False?
Social workers work at both the state and national level.
Answers
Explanation: because true
When checking you tires, it’s most important to check their BLANK..
Answers
Answer:
to take a look at their tread. If the tread is beginning to wear down, then your tires will lose traction and won't grip the road as well when driving through bad weather.
Explanation:
what is the law of demand and supply
Answers
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
information that you have provided to an organization that has the right to share it with other organizations is called
Answers
information that you have provided to an organization that has the right to share it with other organizations is called Public information.
Any information that an agency discloses disseminates, or otherwise makes accessible to the public is referred to as "public information," regardless of its shape or format.
Public information is a public relations strategy that tries to build trust between parties by being completely transparent and honest when sharing information about a business with its target audience. which offered a fresh perspective on corporate and commercial communication strategies.
Public information officers, also known as public relations officers, work for government agencies and major corporations to enhance their public image in the media or to offer crucial information in times of emergency.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.
Answers
Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.
Product costs are expensed when they are incurred. This statement is.
Answers
The statement that product costs are expensed when they are incurred is False.
What are product costs?
In managerial accounting, product cost is any expense associated with the creation of a product, whether direct or indirect.
The expenses of product costs are:
Direct materials,Direct labor, and Manufacturing overhead.These costs are not expensed till the product is completely sold, then they are displayed on the income statement as the cost of goods sold.
Therefore, we can conclude that product costs are expensed when inventory is sold to customers.
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What should you do when the job you interviewed for is not what you wanted? a. Accept the position b. Reject the position c. Ignore all offers d. None of the above Please select the best answer from the choices provided A B C D Mark this and return
Answers
I will Reject the position when the job you interviewed for is not what you wanted.
Hence, Option B is correct.
A job interview is a meeting between a job candidate and a representative of the company that is used to determine whether the candidate should be recruited. One of the most widely utilized methods for choosing employees is the utilization of interviews.A job interview is a discussion that takes place between a candidate for employment and a potential employer. Employers get the chance to evaluate applicants' credentials, appearance, and overall suitability for the position during the job interview.To know more about Job here
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How can I save on insurance?.
Answers
A life insurance policy, on the other hand, enables you to amass usable wealth while you're still alive and offers your loved ones financial security in the event of your passing.
Does life insurance work like a savings account?Most people consider life insurance to be protection for their cherished ones in the event that they pass away. In addition to doing just that, life insurance also offers a number of advantages while you're still alive, such as serving as an investment vehicle that allows you to accumulate wealth and increase your savings.You can access something called "cash value" with a permanent life insurance policy, which functions similarly to a savings account. The death benefit and cash value of permanent life insurance are essentially divided into two parts. Both of these pots will be funded by your policy contributions.Your death benefit and cash value increase over time as a result. Similar to a savings account, you can later withdraw the money you've accumulated and spend it however you like. Of course, there is also a growing death benefit that you can leave to your beneficiaries after you pass away.To Learn more About life insurance policy refer To:
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58:50
Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for
$46 and is offering a $10 off coupon. The sales tax is 6% on either purchase. If Shona only has $40 to spend, which
store will she purchase the rug from, and how much will she have left over?
Answers
Answer:
Shona can afford the rug in store B. She will have $1.84 left over.
Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant
Answers
Explanation:
The Placeholders is the basis of all slides in a presentation.
The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc
The Placeholder allows the user to format their slides easily and consistently.
Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.
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Answers
Charles Adams deposited $1,000 in a savings account that earns 4%
interest compounded monthly. He made no other deposits or
withdrawals. What was the amount in the account at the end of 2
months? How much is the compound interest?
$1,006.67 and $6.67
$1,013.67 and $13.67
О. $1,020.10 and $20.10
$1,040.40 and $40.40
Answers
Answer:
$1,013.67 and $13.67
Explanation:
The formula for calculating compound interest is as follows
FV = PV × (1+r)^n
Where Fv is the future value
Pv is the present value, $1000
r is the interest rate 4%
n is number of periods= 2 months
Since time is in months, applicable interest rates will be 4% per year divided by 12 months multiplied by 2
=4/12 x 2 =0.67%
Fv = $1000 x (1 + 0.67/100)^2
Fv = $1000 x (1.0067)^2
Fv = $1000 x 1.01344489
Fv= $1,013.44
The amount will be $1,013.44.
Interest will be $1,013.44 - $1000 = $13.44
PLEASE ANSWER FAST (15 POINTS)
One of the most important things you can do for yourself before you apply for a job is take a(n) ________ of your skills and experiences.
A. mental picture
B. photograph
C. inventory
D. memory
Answers
Before applying for employment, one have an inventory of the personal skills and experiences.
What are personal skills?The skills, which are generally unique to an individual or are a representative of the capabilities of individuals, are referred to as personal skills.
Whenever someone applies for a job, it must be ensured that such person has an inventory of the skills, as they will be playing a huge role in determining the position of such individual's employment.
Hence, option C is a representative of important things regarding personal skills and experiences to be taken into consideration before job application.
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Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answers
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
yall anyone give me a mission statement to use please !!!!!
Answers
Answer:
need to know what its about?
Explanation:
2 Consider Figure 2.11. Undertake a similar exercise for different markets (e.g. Germany, United
States, China) and reflect on the implications of the brand positioning in terms of facilities and
services on board.
Answers
Brand positioning gives customers the reasons to buy one product over another.
How is branding important?It should be noted that brand positioning can be affected by aspects such ad style and, brand personality, customer types, and company reputation
A brand positioning statement is the description of your target market that includes a holistic picture of how you will like your brand to be perceived by customers.
You can use brand positioning to influence what a consumer thinks of your product or brand. Then the resulting consumer mental image has an impact on purchasing decisions.
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The _____ shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.
Answers
The graduation rate shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.
A graduation rate is an indicator of the proportion of students who started in the same batch and completed their studies in six years for four-year programs or three years for two-year programs. This statistic reveals the proportion of students who enrol who eventually complete their degrees. By using an annual cohort of students or, for underage students with disabilities, by the age of 21, the graduation rate is calculated as the proportion of students who graduated from high school within four years of their first admission into the ninth grade. Graduation rates of 90% are frequently maintained by elite universities. As an illustration, Harvard's graduation rate is 98%, whereas Yale's is 97%.
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Why is network business is risky?
Answers
Answer:
because small business have compitator
your coin collection contains 48 1949 silver dollars. if your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2056, assuming they appreciate at an annual rate of 7 percent?
Answers
If your collection grows at a 7% annual rate, it will be worth $33999.11 when you retire in 2056.
What is the face value?In the financial world, face value refers to the nominal or monetary value of a security as stated by its issuer. Stocks are worth what they were purchased for, as stated on the certificate, which is their face value. It is the amount that is given to the bondholder at maturity, typically in $1,000 increments.
The terms "par value" or simply "par" are frequently used to describe bond face values. Face value also referred to as par value, is the amount that, in the event that the bond issuer does not default, is paid to a bondholder when the bond matures. Bonds sold on the secondary market, however, are subject to interest rate changes.
Calculation:
Face value is considered as $1
Rate = r = 7%
Time = 2056 - 1949 = 97 years
Price = $45
value = Price(1+r)^n
= $48(1 + 0.07)^97
= $33999.11
So the value of coins at retirement is $33999.11.
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A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan
Answers
Answer:
C and D
Explanation:
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