Identify the independent and dependent variables.
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- 7. An individual's utility function is given by U =1000x, + 450x, +5x,x, – 2.x² – x where is the amount of leisure measured in hours per week and *is income earned measured in cedis per week. Determine the value of the marginal utilities, when *= 138 and *= 500. Hence estimate the change in utility if the individual works for an extra hour, which increases earned income by GH¢15 per week. Does the law of diminishing utility hold for this function?Given that i = 0.05, calculate the present value of the following series of payments: Time 0 1 2 3 4 5 6 7 8 ... 37 38 39 40 Payment 0 4 3 2 1 4 3 2 1 ... 4 3 2 1 Please write out an equation to get to the answer and provide explaination.An individual’s utility function is given by 1000x_(1)+450x_(2)+5x_(1)x_(2)-2x_(1)^2-x_(2)^2where 1is the amount of leisure measured in hours per week and 2 is income earnedmeasured in cedis per week.Determine the value of the marginal utilities, when x_(1)= 138 and x_(2) = 500. Henceestimate the change in utility if the individual works for an extra hour, whichincreases earned income by GH¢15 per week. Does the law of diminishing utility holdfor this function?
- In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,700 and variable costs were 75% of sales. Your answer is partially correct. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 10.50.) Contribution margin %24 41750.00 Contribution margin per unit 2. 10.00 25 Contribution margin ratio27.An example of a fixed cost is a. total indirect material cost. b. cost of electricity. c. factory insurance premium d. rent as a percentage of monthly salesCalculate the correct gross profit for 20xx
- Calculate the contribution margin per unit for this year. (Round Contribution margin per unit to 2 decimal places, e.g. 0.38.) Contribution margin per unit $9.-The operating cycle is measured in elapsed time by adding the average age of inventories and the average payoff period. True or false? Please double check your answer.Suppose the wage rate is $10 and the rental rate on capital is $20. Consider the total cost line associated with a total cost of $200. The intercept of this line on the Y-axis (capital axis) is _______ and its slope is_____. A. 10, -1/2 B. 20, -1/2 C. 10, -2 D. 20, -2
- 1. The manufacturing cycle efficiency is? Note: Round off to 2 decimal placesComplete the following table by calculating the missing amounts (indicated as A- E). Round to two decimals places and assume a VAT rate of 15%. Amount excluding VAT VAT Amount Amount Including VAT R1 304.04 A R1 499.65 R240.30 R2 203.35 E. BDetermine the weighted-average unit contribution margin. (Round answer to 2 decimal places, e.g. 10.25.) Weighted-average unit contribution margin $ 135,04