Switch to chocolate ice cream

Assignment Help Business Management
Reference no: EM131258572

Joshua is a utility maximizer and likes ice cream. He likes vanilla ice cream, but would happily switch to chocolate ice cream if offered 1 scoop of chocolate ice cream for every scoop of vanilla ice cream he has to give up. He has $5 of income to spend on ice cream If vanilla ice cream costs $1 per scoop and chocolate ice cream costs $2.5 per scoop, Joshua will consume ______ scoops of chocolate and ______ scoops of vanilla ice cream per day.

A) 0; 5

B) 5; 0

C) 2; 0

D) 0; 2

E) None of the above

Reference no: EM131258572

Questions Cloud

What makes tcp-ip networking so popular : What makes TCP/IP networking so popular? Provide at least 2 examples (other than the Internet) for which TCP/IP networking is well-suited, and discuss reasons to support your answer.
What are the two regression coefficients : Is this equation a straight or curvilinear line, and why? Straight? Is this the equation for a simple linear equation or a multiple linear equation? What are the two regression coefficients?
How the team members are involved with compliance : Describe what policies, processes, standards, procedures and guideline are and how they each are involved with compliance. Why do you think they are important? How can you apply these to your project?
Compute the standard time for the bag packing task : Compute the standard time for the bag-packing task. - How many observations are necessary for 99% confidence, within {5% accuracy).
Switch to chocolate ice cream : Joshua is a utility maximizer and likes ice cream. He likes vanilla ice cream, but would happily switch to chocolate ice cream if offered 1 scoop of chocolate ice cream for every scoop of vanilla ice cream he has to give up.
Fixed cost of launching a new kind of pizza : Subject . Econ Major Assume there are two pizzerias, one delivers and the other one does not. Further assume that the fixed cost of launching a new kind of pizza F>0.
Why the kindle is bettter than the nook : Favoring why the Kindle is better than the nook. Dont forget to mention the featuresof the Kindle and the Features of the Nook also the benefits of Kindle and the benefits of Nook. Everything must be bullet point and the in the end explain in 1 pa..
Methods of stock valuation in material control : Explain the various methods of stock Valuation in material control in each case giving an example.
What is the concentration of calibration gas after mixing : what is the concentration of calibration gas after mixing (Cd/s)? (Assume that the concentration upstream of the mixing point is zero.)

Reviews

Write a Review

Business Management Questions & Answers

  Attribute employees most want to see in their managers

Research consistently indicates that the attribute employees most want to see in their managers is-freedom-honesty-passion-hard work-none of the above

  Traditional triple constraints of time

Traditional triple constraints of time - What are the triple constraints in a Traditional Project Management Framework?

  Write a business letter to achieve a certain purpose

Write a business letter to achieve a certain purpose - Writing assignment is to accompany Lesson 8020 Business Letters.

  Question regarding the diluted earnings per share

Net income for 2011 was $3,400,000 and the income tax rate was 40%. What would be the diluted earnings per share for 2011 (rounded to the nearest penny)? Please show all computations.

  How does the media affect criminal justice policies?

How does the media affect criminal justice policies?

  Create a work breakdown structure that includes all project

Create a Work Breakdown Structure (WBS) that includes all project tasks (hierarchically grouped) and durations. Establish task precedence relationships. Show milestones and deliverables.

  State the legal issue rule analysis of the rule to the facts

Claudia then disclaimed liability on the debt, asserting that she had not authorized her agent to enter into the loan agreement. Paul brought this action to collect on the loan. What is the decision? Please state the following: legal issue, legal rul..

  Consumers decision making can be reflective

After reading about the framing effect and preference reversals in the text, identify a product that is not a market leader and develop a marketing plan for which the framing effect could be used to encourage consumers to reverse their preferences. B..

  Illustrate direct also indirect approach for your message

Industry policy dictates which you must provide this information in writing. Illustrate what questions you should consider among the direct also indirect approach for your message.

  Prepare a sales letter addressed to carol wong and director

Use the Web to update your obesity statistics. Then prepare a sales letter addressed to Carol Wong, Director, Human Resources, Prophecy Financial Services, 790 Lafayette Boulevard, Bridgeport, CT 06604.

  Allocating overhead costs among products

Why is it sometimes important to allocate overhead costs among products, services or some other grouping? Other times the allocations should be disregarded as in this case - why?

  Draw a production possibility frontier with potatoes

What is the opportunity cost of increasing the annual output of potatoes from 600 to 800 pounds?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd