Business, 15.10.2020 07:01, victoriakraus3497

The local CVS sells two brands of laundry detergent: Myst™ and Breez™. Myst and Breez use the exact same formula to make their detergent, and are sold in very similar packaging. The only difference between Myst and Breez is that Myst is sold in 16 oz packages, while Breez is sold in 32 oz packages. Dennis (a local CVS shopper) is indifferent between Myst and Breez, and cares only about how much detergent he gets. Thus, his preferences over Myst (M) and Breeze (B) can be represented by: u(, B) = 16 + 32B

Suppose that the price of a bottle of Breez is $10, and the price of Myst is PM. Dennis has a budget of $30. Let’s try to determine Dennis’s demand curve for Myst as a function of its price, PM:

Required:
Suppose PM= $2. How many containers of Myst will Dennis purchase?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:10, xojade

Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.

Answers: 3

continue

Business, 22.06.2019 20:50, ineedhelpireallydo

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity. d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3

Answers: 2

continue

Business, 22.06.2019 23:30, cici170

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.

Answers: 1

continue

Business, 22.06.2019 23:30, Kdub4evaa

Sports leave thousands of college athletes with little time for their studies. this is an example of

Answers: 1

continue

Do you know the correct answer?

The local CVS sells two brands of laundry detergent: Myst™ and Breez™. Myst and Breez use the exact...