in course project ENGG522 ME subject is : Engineering
Economy
Please answer all questions seperately and in clear way
Project/Case Study: Solve the given problems completely. 1. Use Microsoft Excel or manual calculation to solve the question. The initial cost of an asset is BD100,000. It has useful life of 9 years. T
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The annual depreciation for the asset is approximately BD11,111.11. After 5 years, the remaining value is approximately BD45,555.55.
To compute the devaluation of Microsoft project is a resource over its valuable life, we can utilize the straight-line strategy. The straight-line technique accepts that the resource devalues equally over its valuable life.
For this situation, the underlying expense of the resource is BD100,000, and it has a valuable existence of 9 years. To find the yearly devaluation, we partition the underlying expense by the helpful life:
Yearly Devaluation = Introductory Expense/Helpful Life
Yearly Deterioration = BD100,000/9
Yearly Deterioration ≈ BD11,111.11
The yearly deterioration for the resource is roughly BD11,111.11. This implies that every year, the worth of the resource diminishes by BD11,111.11.
To find the excess worth of the resource following a specific number of years, we increase the yearly deterioration by the quantity of years:
Remaining Worth = Beginning Expense - (Yearly Deterioration * Number of Years)
Suppose we need to track down the excess worth following 5 years:
Remaining Worth = BD100,000 - (BD11,111.11 * 5)
Remaining Worth ≈ BD45,555.55
Following 5 years, the leftover worth of the resource is around BD45,555.55.
Utilizing this technique, you can work out the excess worth of the resource for some random number of years. Simply substitute the suitable qualities into the recipe.
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The complete question is:
1. Use Microsoft Excel or manual calculation to solve the question. The initial cost of an asset is BD100,000. It has useful life of 9 years. The estimated salvage value of the asset at the end of useful life is zero. Calculate the annual depreciation and book value using double-declining balance method and find out the year in which the switching is done from doubledeclining balance method to straight-line method. 2. Theory related to switching Switching between different depreciation methods: - Switching from one depreciation method to another is done to accelerate the depreciation of book value of the asset and thus to have tax benefits. Switching is generally done when depreciation amount for a given year by the currently used method is less than that by the new method. The most commonly used switch is from double declining balance (DDB) method to straight-line (SL) method. In double declining balance method, the book value never reaches zero. In addition, the calculated book value at the end of useful life does not match with the salvage value. Switching from double-declining balance method to straight-line method ensures that the book value does not fall below the estimated salvage value of the asset. A. Identify why the switching is desired in the above case study. B. How an amount is generated from Sinking Fund Method. 3. Use manual calculation to solve the question Some seed cleaning equipment was purchased in 2009 for BD 8,500 for an expected life of 12 years. What is the book value of the equipment at the end of 2021 ? Original salvage value was estimated to be BD2,500 at the end of 12 years. Compute using: A. DDB B. DB 4. Four mutually exclusive alternatives are available for purchasing a piece of construction equipment by a construction firm. The useful life of each alternative is 10 years. The cash flow details of alternatives are presented in Table 1. If the construction firm's minimum attractive rate of return (MARR) is 10% per year, select the best alternative using the present worth method.
Related Questions
What is a Product? (Give me one example)
Answers
Which law tried to make getting a government job competitive through test taking as opposed to getting a job for political suppport?.
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According to the Pendleton Act, positions in the federal government must be given based on qualifications, and candidates for these positions must pass competitive exams. Additionally, the measure forbade firing or demoting employees who were covered by the statute for political purposes.
The Pendleton Civil Service Reform Act made it illegal to terminate or demote some government employees for political reasons and required that some government employees be chosen through competitive exams rather than connections to politicians.
What is the Pendleton Act?
The 47th United States Congress enacted the Pendleton Civil Service Reform Act, which President Chester A. Arthur then signed into law on January 16, 1883. The majority of jobs within the federal government must be filled on the basis of merit rather than political favoritism, according to the statute.The Pendleton Civil Service Act mandated that some government officials be chosen through competitive examinations rather than through political connections or association. The United States Civil Service Commission was established to uphold the merit system, and it also made it unlawful to remove or demote these government employees for political reasons.The majority of federal employees are now covered by the act, which at first only applied to around 10% of personnel. The majority of federal government employees are no longer hired through competitive examinations as a result of the legal case Luévano v. Campbell.To learn more about the Pendleton Act visit:https://brainly.com/question/2174923
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Who is a more senior creditor, a bondholder or stockholder?
sample answer:
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A bondholder is generally considered a more senior creditor than a stockholder. This debt obligation takes priority over the claims of stockholders on the company's assets and profits.
This is because bonds represent a debt obligation that a company has to repay, typically with a fixed interest rate, while stocks represent ownership in the company and do not have a guaranteed return. In the event of a company's bankruptcy or liquidation, bondholders have a higher priority to receive payment from the company's assets before stockholders. However, the specific terms and conditions of the bonds and stocks in question, as well as applicable laws and regulations, can also impact the seniority of creditors in different situations. To elaborate further, when a company issues bonds, it is essentially borrowing money from investors with the promise of paying it back with interest over a specified period of time.
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Question 3 (1 point)
Brett is interviewing candidates for a position that will deal directly with customers
who have questions or concerns. What would be the BEST question for him to ask to
assess a candidate?
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Can you give an example of a time when you successfully addressed a client's problem or concern. would be the finest query Brett might use to evaluate a candidate for a customer service role.
What does the interview process entail when a candidate is asked questions?According to Lumen Learning, the interviewee is the one that participates in the conversation and spends the entire time answering questions. The interviewer, on the other hand, always poses the questions.
Which type of interviewing is most frequently conducted today as the initial interview?Frequently, the first interview you have with a company is a screening interview. A screening interview is conducted to see whether potential employees fit the fundamental requirements for a certain employment.
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if a company like nike wants to enter a foreign market by making an agreement with a licensee in that foreign market, what is this called?
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If a company like nike wants to enter a foreign market by making an agreement with a licensee in that foreign market, this type of agreement is called licensing.
What do we mean by license agreement?When a company like Nike wants to enter a foreign market, they can make an agreement with a licensee in that foreign market. This allows the company to sell their products or services in that foreign market without having to set up their own operations there.
The licensee is responsible for manufacturing, distributing, and marketing the company's products or services in that foreign market, and in return, the company receives a percentage of the profits or a fee. This can be a cost-effective way for a company to enter a foreign market, as it allows them to avoid the costs and risks associated with setting up their own operations in that market.
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help asap will mark brainlieast
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Answer:
a
b
b
a
Explanation:
When consolidating a subsidiary that was acquired on a date OTHER THAN THE FIRST DAY OF THE FISCAL YEAR, which of the following statements is correct in the presentation of consolidated financial statements?
A. Preacquisition earnings are excluded from the parent's consolidated statements.
B. Preacquisition earnings are shown as an addition to consolidated revenues and expenses
C. Preacquisition earnings are shown as a deduction from the beginning
D.Preacquisition earnings are shown as a deduction from consolidated revenues and expenses.
Explain your answer in the space provided below for full credit
Answers
When consolidating a subsidiary that was acquired on a date other than the first day of the fiscal year, the correct statement regarding the presentation of consolidated financial statements is that pre-acquisition earnings are excluded from the parent's consolidated statements (Option A).
Consolidation is the process of merging financial data from two or more firms into one set of financial statements. It is the procedure of combining the financial statements of a parent company and its subsidiary businesses into a single set of financial statements.
A parent company is a corporation that has control over one or more other businesses. A subsidiary is a business in which another firm holds a controlling stake. There are different techniques for preparing consolidated financial statements, and the appropriate technique depends on the nature of the companies that have been consolidated.
A parent corporation can acquire a controlling interest in a subsidiary at any point in the subsidiary's fiscal year. However, the issue of how to deal with the subsidiary's pre-acquisition income arises when the subsidiary's fiscal year differs from that of the parent firm. Pre-acquisition income is any income or loss generated by the subsidiary before it was acquired by the parent corporation.
When a subsidiary is consolidated and has a fiscal year that differs from the parent corporation's fiscal year, the issue of pre-acquisition income arises. Since this income is not under the parent company's control, it is excluded from the parent company's consolidated financial statements. Therefore, option A: Pre-acquisition earnings are excluded from the parent's consolidated statements is correct in the presentation of consolidated financial statements.
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According to the digital disconnect and the lecture, the global digital divide is the result of _____.
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According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about
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Answer:
wikis technological tool
Explanation:
As regards to the case above, the technology tool Cindy told Tom about is wikis technological tool . A wiki can be regarded as collaborative tool that provides students with enablement to make contribution and to perform modifications on one or more than one pages of course related materials. This tool is collaborative in nature, as a result of this, it facilitate community-building within a course. a wiki can be regarded as a web page and a collaborative software that has an open-editing system. It was set up to
the lexicon by Ward Cunningham who was a programmer
Explain how the ‘managing of risk’ is applied in your organisation. Include relevant examples to support your answer.
Describe the difference between transactional vs relationship marketing.
Briefly discuss how ‘globalisation’ has impacted on purchasing and total cost management.
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Risk management is an essential aspect of any organization, and my organization recognizes its significance in mitigating potential risks. We implement various strategies and processes to manage risks effectively.
On the other hand, transactional marketing focuses on individual transactions, while relationship marketing emphasizes building long-term customer relationships. Globalization has had a significant impact on purchasing and total cost management, bringing both opportunities and challenges.
In my organization, risk management is a critical function that involves identifying, assessing, and mitigating risks to protect the organization's interests. We have implemented risk management frameworks and procedures to ensure that potential risks are proactively addressed. For example, we conduct regular risk assessments to identify potential threats and vulnerabilities, and develop mitigation strategies to minimize their impact. We also have contingency plans in place to address unexpected events or crises.
Transactional marketing focuses on individual transactions, where the primary goal is to make a sale. It typically involves one-off interactions with customers and emphasizes price, promotions, and product features. In contrast, relationship marketing aims to build long-term customer relationships by focusing on customer satisfaction, loyalty, and retention. Relationship marketing involves personalized communication, after-sales support, and understanding customer needs to provide tailored solutions.
Globalization has had a profound impact on purchasing and total cost management. It has opened up new markets and supply chain opportunities, allowing organizations to access a wider range of products and services at competitive prices. However, it has also increased competition and complexity in managing global supply chains. Organizations now need to consider factors such as currency fluctuations, political stability, and cultural differences when making purchasing decisions. Total cost management has become more challenging due to the need to optimize costs across global operations while maintaining quality and customer satisfaction.
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Fill in the table for a perfectly competitive firm
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The table for a perfectly competitive firm is given below:
How to solveWorking notes:
(1) Fixed cost is TC when Q (output) = 0, so FC = TC(Q = 0) = 100
(2) VC = TC - FC [TC = VC + FC]
(3) AVC = VC / Q [VC = Q x AVC]
(4) AFC = FC / Q = 100 / Q
(5) ATC = TC / Q [TC = ATC x Q] = AFC + AVC
(6) MC = Change in TC / Change in Q
(7) TR = P x Q = 50 x Q
(8) Profit = TR - TC
Therefore:
Q VC TC = VC + 100 AVC AFC = 100/Q ATC MC P TR Profit
0 0.0 100.0 50.0 0.0 -100.0
1 25.0 125.0 25.0 100.0 125.0 25.0 50.0 50.0 -75.0
2 45.0 145.0 22.5 50.0 72.5 20.0 50.0 100.0 -45.0
3 59.9 159.9 20.0 33.3 53.3 14.9 50.0 150.0 -9.9
4 70.0 170.0 17.5 25.0 42.5 10.1 50.0 200.0 30.0
5 90.0 190.0 18.0 20.0 38.0 20.0 50.0 250.0 60.0
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Multiple Choice Question A change in demand is represented by a ______ the demand curve while a change in quantity demanded is represented by a _______ the demand curve.
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Based on the question above, the correct answer goes thus:
shift of, movement alongA change in demand is represented by a shift of the demand curve while a change in quantity demanded is represented by a movement along the demand curve.
Change in demandA change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price.
In conclusion, we can conclude that the correct answer is shift of and movement along respectively.
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In the solow model with technological progress, capital's share of income is increasing , and labor's share of income is?
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The first increase in output and investment in the Solow model with technological advancement is caused by productivity change.
Why does this occur?Because of the rise in productivity, employees now create more at every level of capital per worker. This also implies that more is invested at a given pace of saving. As a result, the first increase in output and investment is brought on by the productivity change.
How has technology advanced according to the Solow model?In essence, the Solow-Swan model asserts that, regardless of where an economy starts, it will eventually reach a state of balanced growth. In this case, the rate of technical development alone determines how much output per worker will increase.
How do population growth and technology affect the Solow model?According to the Solow model, a rise in the population growth rate will hasten the growth of total output but have no long-term consequences on the growth of output per person. The amount of output per person decreases as the population growth rate remains constant.
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OJT is best for large groups.
True
False
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I think this is right
The United States uses mostly free enterprise principles in our economy; but the
government is involved in some decisions. This means the United States has a
economy
-Mixed
-Formal
-Communist
-Socialist
Answers
I hope this helps
Explanation:
Mixed
Assume you are a brand manager of Jif Peanut Butter; a brand that is loved and consumed by all Americans (African-Americans, Caucasians, Hispanics, Asians, and others).
You are considering running an extended advertising campaign on prime-time television that uses Latino actors and appeals to Latino consumers. Aside from cost considerations, what reservations might you have about this type of campaign?
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One of the reservations I might have about running an extended advertising campaign on prime-time television that uses Latino actors and appeals to Latino consumers is that it could come off as pandering or tokenizing to the non-Latino consumers.
If non-Hispanic customers perceive that the product is being "sold" only to Latino customers or that the product is being portrayed as unique to the Latino market, it could potentially alienate them.
In addition, I want to guarantee that the campaign's theme embraces diversity among all customers rather than fostering a "us vs. them" mentality.
Any campaign I design must be respectful and celebrate diversity rather than supporting prejudice or stereotyping.
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A customer asks about or expresses concern that the rogue vc-turbo has three cylinders. What are some ways to respond?.
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As a car dealer, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.
What is a three cylinders engine?A three cylinders engine is a type of vehicle engine that have a three column chamber for combustion which is different from the popular 4 cylinders engines.
In conclusion, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.
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Answer:
.Share that 3-cylinder engines are available from other manufacturers, including Ford, BMW, and MINI.
.Have your customer forcefully accelerate during the Demonstration Drive to experience the power.
.Explain that the technology allows the 3-cylinder VC-Turbo to produce excellent power and outstanding fuel economy.
Explanation:
7. Which one of the five generic competitive strategies
discussed in Chapter 5 most closely approximates the competitive
approach that Papa John’s is employing?
Answers
One of the five generic competitive strategies discussed in Chapter 5 most closely approximates the competitive
approach that Papa John’s is employing is the differentiation strategy.
A differentiation strategy is a competitive strategy that involves creating a product or service that is distinct from others in the market. It involves creating a unique product that sets a company apart from its competitors and creates customer loyalty. Papa John's has adopted this strategy to differentiate its products from those of its competitors. Papa John's offers high-quality pizza and uses fresh ingredients, which is one of the ways it differentiates its products. The company has also invested heavily in its technology to provide a unique and user-friendly experience for its customers.
Papa John's strategy has enabled it to build a strong brand and develop customer loyalty. Its differentiation strategy has also helped it to command a premium price for its products and maintain a competitive edge. In summary, the differentiation strategy is the most appropriate strategy for Papa John's as it differentiates its products from those of its competitors and creates customer loyalty.
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Which of the following has built its reputation on matching nonprofits and government agencies with top communication companies to produce high-quality campaigns across multiple platforms? O Advertising Council Media Council O Production Council Campaign Council
Answers
The Advertising Council has built its reputation on matching nonprofits and government agencies with top communication companies to produce high-quality campaigns across multiple platforms.
Which organization is known for connecting nonprofits and government agencies?The Advertising Council has established itself as a reputable organization specializing in connecting nonprofits and government agencies with leading communication companies. They have built their reputation on facilitating partnerships that result in high-quality campaigns spanning various platforms.
By bringing together the expertise of nonprofits and government agencies with the creative and strategic capabilities of communication companies, the Advertising Council plays a crucial role in producing impactful campaigns that aim to address important social issues and raise public awareness. These campaigns often utilize a wide range of media channels, including television, radio, print, digital, and social media, to effectively reach and engage audiences.
The Advertising Council's commitment to fostering collaboration and producing meaningful campaigns has made them a trusted intermediary in the realm of nonprofit and government communications.
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medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income.
true/false
Answers
The statement medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income is false. Your AGI may occasionally be lower and will never exceed your gross total income on your tax return.
An agreement known as medical reimbursement allows employers to cover some of an employee's medical costs. The Income Tax Act permits a tax exemption of up to INR 15,000 for employer-paid medical expenses. Modified Adjusted Gross Income (MAGI) Medi-Cal is the most prevalent type of the programme. Non-MAGI Medical is Medi-Cal that determines eligibility using different criteria, such as property value, household size, and income.
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The complexity and challenges associated with planning for and executing an operation include.
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Answer:
One of the two equal sides of an isosceles triangle is 5.4cm . If the perimeter of the triangle is 15.4cm find the length of remaining side of the triangle.
write five safety measures that should followed while working at industrial business
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Answer:
The safety measures that we should follow while working at industrial business are:
1. wear Safety Equipment .
2. Prevent Slips and Trips.
3. Use Equipment and Tools properly.
4. Keep work areas clean.
5. Inform supervisor of unsafe conditions.
Explanation:
Thankyou ❤
How does debit resequencing work?
Answers
Explanation:
debit resequencing”; the bank processes the debits and credits to an account in a way that causes account balances to fall faster, thereby boosting potential overdraft fees.
Cost is 120.37 and selling price is 198.99 what's the markup, percent of the markup on cost, and percent of markup on selling price
Answers
Markup= 78.62
Percentage markup= 65.3 % increase
I WANT JUST PPT ON THIS TOPIC.
COMM13729 The Art of Technical Communication
Prepare an oral report with slides
Introductory information
You are to make a presentation to a panel of
decision-makers. Th
Answers
Presentation on effective technical communication, including definition, benefits, principles, tools, challenges, and best practices.
For your presentation on "The Art of Technical Communication," here is a suggested outline:
Slide 1: Title
- The Art of Technical Communication
Slide 2: Introduction
- Introduce yourself and the purpose of the presentation.
- Briefly explain the importance of effective technical communication in various industries.
Slide 3: Definition of Technical Communication
- Define technical communication and its role in conveying complex information to diverse audiences.
- Highlight the key components of effective technical communication: clarity, accuracy, and accessibility.
Slide 4: Benefits of Effective Technical Communication
- Discuss the advantages of effective technical communication, such as improved productivity, enhanced collaboration, and reduced errors or misunderstandings.
- Provide examples or case studies showcasing the positive impact of clear and concise communication.
Slide 5: Principles of Effective Technical Communication
- Present key principles for effective technical communication, such as audience analysis, organization, simplicity, and visual aids.
- Explain how these principles contribute to better understanding and engagement.
Slide 6: Tools and Techniques for Technical Communication
- Highlight various tools and techniques used in technical communication, such as documentation software, visual aids, diagrams, and multimedia.
- Discuss their benefits and provide examples of how they can be effectively utilized.
Slide 7: Challenges in Technical Communication
- Address common challenges in technical communication, such as jargon, language barriers, and complex concepts.
- Offer strategies for overcoming these challenges, such as using plain language, providing context, and incorporating visual elements.
Slide 8: Best Practices for Technical Communication
- Share best practices for effective technical communication, including clear and concise writing, user-centered approach, iterative feedback process, and documentation standards.
- Discuss the importance of continuous improvement and learning in the field of technical communication.
Slide 9: Conclusion
- Summarize the key points discussed.
- Reinforce the significance of technical communication in achieving successful outcomes in various domains.
Slide 10: Q&A Session
- Allocate time for questions and engage with the panel of decision-makers.
Remember to keep your slides visually appealing, using appropriate fonts, colors, and visuals to enhance understanding and engagement. Use concise bullet points and visuals to support your verbal presentation.
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Calculate the break-even point for a new toy that costs $12 to make and market and that will be sold for $15. The total quantity that will be sold at that price is 200,000.
Answers
The break-even point for new toy that costs $12 to make and the market and that will be sold for $15 is 2%.
What is break-even point?The break-even point is a critical concept in business that indicates the level of sales or revenue necessary to cover all the costs associated with a product or service. It is the point at which the total revenue earned equals the total cost of producing and delivering the product or service. At this point, there is no profit or loss, and the business is said to be "breaking even." The break-even point is calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin is the difference between the price of the product and the variable cost of producing it. Understanding the break-even point helps businesses make informed decisions about pricing, production, and marketing strategies to achieve profitability.
Variable costs = Price - Fixed costs = $15 - $12 = $3 (per unit)
Break-even point = $12 / ($15 - $12) = $12 / $3 = 4,000 units
Break-even point will be reached when= 4,000 units / 200,000 units = 0.02 or 2%
Therefore, break-even point for new toy is 2% of total quantity sold, which is equivalent to 4,000 units.
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Facts about the chip category obtained from AC Nielsen are?
syndicated data.
survey data.
questionnaire data.
primary data.
experimental data.
Answers
Answer:
Explanation:
Then what is the question
Explain,using PED,why a company might introduce a policy of raising travel fares at peak times and lowering travel fares at non peak time ?
Answers
Using Price Elasticity of demand or (PED) a company might introduce a policy of raising travel fares at peak times because :-
Understanding the 'elasticity of demand' that is pertinent in this situation. Applying price elasticity of demand demonstrates the relationship between the impact of raising fares during busy periods and changes in total revenue, as well as the impact of reducing fares during less busy periods and changes in total revenue.
The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.To learn more about Price Elasticity of demand, click the links
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if your income is $9 and the prices of x and y are $2 and $1, respectively, what quantities of each will you purchase to maximize utility?
Answers
The quantities of each will you purchase to maximize utility are 1.5 units of X and 6 units of Y
What is marginal utility?Marginal utility is the additional satisfaction gained from consuming one more unit of a good, while marginal utility per dollar is the additional satisfaction gained per dollar spent on a good.
To determine the quantities of X and Y that will maximize utility, we need to use the concept of marginal utility and marginal utility per dollar.
Let's assume that the marginal utility of the last unit of X consumed is 6, and the marginal utility of the last unit of Y consumed is 8. The prices of X and Y are $2 and $1, respectively.
To determine the optimal quantities of X and Y, we need to calculate the marginal utility per dollar of each good:
Marginal utility per dollar of X = Marginal utility of X / Price of X = 6 / 2 = 3
Marginal utility per dollar of Y = Marginal utility of Y / Price of Y = 8 / 1 = 8
Since the marginal utility per dollar of Y is greater than that of X, we should consume more of Y and less of X.
To maximize utility with an income of $9, we should allocate our spending between X and Y in a way that makes their marginal utility per dollar equal.
If we spend $6 on Y (6 units) and $3 on X (1.5 units), we will have spent our entire income and reached the point where the marginal utility per dollar of both goods is equal:
Marginal utility per dollar of X = 6 / 1.5 = 4
Marginal utility per dollar of Y = 8 / 6 = 4/3
Therefore, the optimal quantities of X and Y to maximize utility with an income of $9 and prices of $2 and $1 are 1.5 units of X and 6 units of Y.
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Based on the maximization of utility concept and the context of the question, the quantities of x and y that should be purchased to maximize utility are 2 units and 5 units respectively.
What is Maximum Utility?Maximum Utility is a term that is used to describe utility maximization, whereby individuals and organizations seek to achieve the highest level of satisfaction from their economic decisions.
Generally, the utility function assesses the intensity to which an individual's fulfillment is met
In this case, If the income is $9 and the prices of X and Y are $2 and $1, respectively, then a buyer should purchase 2 units of X and 5 units of Y to maximize utility and satisfy the equation MUx/Px = MUy/Py.
Therefore, the total utility of 45 units will be realized.
Hence, If the price of X falls to $1, then 4 units of X and 5 units of Y will now be purchased.
The demand schedule for X is:
p1 = 2, q1 = 2,
p2 = 1, q2 = 4.
Therefore, in this case, it is concluded that the correct answer is x and y which should be purchased to maximize utility are 2 units and 5 units respectively.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.