The answer is Serendipitous.
After data has been collected, researchers sometimes find unexpected but surprising and exciting patterns. These types of patterns are known as Serendipitous. Serendipitous patterns are happy and surprising patterns that seemingly occur due to opportunity and often occur when we are searching for something else. They give pleasure when it occurs in our everyday lives and has been reliable for many innovations and meaningful advancements in science and technology. Such types of events are also referred to as Serendipity.
Serendipity in research is often discovering the unpredictable, which, when identified, cheerfully alters the course of the research for good. It is often unrecognized what is discovered. It may appear strange to refer to opportunity when conferring science. Scientific research apparently functions in a very systematic, straightforward, and regulated way, with no space for a chance in any scope of the investigation. In fact, possibility plays an essential role in science and technology and has been accountable for some significant findings in history. In science, though, chance doesn't have quite the exact meaning as it accomplishes in day-to-day life.
Learn more about Serendipity:
https://brainly.com/question/24007556
#SPJ4
Luke has bought three video games so far this month. he has $50 left and decides to buy another. this illustrates the economic concept of:_______
Luke has bought three video games so far this month. he has $50 left and decides to buy another, this illustrates the economic concept of scarcity.
ScarcityOne of the fundamental term in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy. Understanding scarcity will help you better grasp how commodities and services are valued. Gold, diamonds, and specific types of knowledge are examples of scarce things that are more valuable due of their scarcity because sellers can charge more for them. These vendors are aware that they can find customers at a higher price since there is a greater demand for their product or service than there is supply.
To know more about ' Scarcity' , visit:https://brainly.com/question/24465766
#SPJ4
Forecasts projecting that resources such as oil, trees, and farm land will be depleted have been incorrect primarily because they have failed to account for?
Forecasts projecting that resources such as oil, trees, and farm land will be depleted have been incorrect primarily because they have failed to account for: The role of prices:
Briefing :If the supply of a resource decreases and it becomes more valuable, its price will rise, increasing the incentive to both conserve the resource and find more of it.
What is Forecasts Projecting?Forecasting is advantageous to businesses because it enables them to make more informed business decisions and implement data-driven initiatives.
Financial and operational decisions are made in light of current market conditions and anticipated future market conditions.
Many businesses interchange forecasts and projections; yet, these two financial estimations are not the same. In contrast to a projection, a forecast focuses on the most likely outcomes.
Forecasting lays the groundwork for collaborative work and improves coordination, cooperation, and control within the organization. Forecasting appropriately weighs and studies future prospects, stability, and disparities. This assists management in removing any impediments that may arise during management.
To learn more about Forecasts Projecting, visit:
https://brainly.com/question/15691475
#SPJ4
Rachel works for a furniture company in ireland. she is responsible for buying and selling goods at a profit to small retailers. rachel most likely operates in a ________ market.
Rachel very certainly serves a RESELLER market.
A reseller is what?
In the retail industry as well as the broader economy, resellers are essential since they operate as the middleman between producers and customers. Although resellers are in the business of making a profit, they also assist with product distribution, offer storage, and learn about client preferences.
A reseller buys goods with the intention of later reselling them for a profit. Resellers frequently earn discounts because they buy products and services in bulk from manufacturers. By reselling, resellers then establish a connection between producers and consumers and deliver goods and services to final customers. By reducing the cost of promoting and selling their goods, these experts help manufacturers save time, money, and effort.
To know more about reseller
https://brainly.com/question/25888151
#SPJ4
could a decline in the production of current ""consumption goods"" lead to higher economic growth in the future? explain why or why not? message
A decline in consumption goods result in, a decrease in production means businesses will lay off workers, leading to unemployment. Consumption thus helps determine the income and output in an economy.
Consumption is defined because the use of products and services by a household. it's a component within the calculation of the Gross Domestic Product (GDP). Macroeconomists typically use consumption as a proxy of the general economy. When valuing a business, a securities analyst would study the consumption trends within the business’ industry. it's a very important step, because it helps the analyst with the belief section of the financial model.
Learn more about Consumption goods.
https://brainly.com/question/504435
#SPJ4
The assumption that because the economy as a whole is better off as a result of a trade treaty, each individual industry must also be better off as a result of the treaty is an example of the:___.
The assumption that because the economy as a whole is better off as a result of a trade treaty, each individual industry must also be better off as a result of the treaty is an example of the: fallacy of division.
This is further explained below.
What is a trade treaty,?Generally, An investment guarantee is often included in the scope of a trade agreement, which is a comprehensive tax, tariff, and trade pact.
In conclusion, It comes into being when two or more nations reach an agreement on conditions that facilitate their commercial interactions with one another.
Read more about the trade treaty,
https://brainly.com/question/1487679
#SPJ1
The ______ of an organization consist of all those who can claim it as their legal property.
The owners of an organization consist of all those who can claim it as their legal property.
Who is an owner?An owner can be defined as someone who own something or someone whose something belongs to.
A person can tend to claim ownership of a property if the person is the real owner or when the property was legally transfer to the person which is called transfer of ownership.
Therefore the owners of an organization consist of all those who can claim it as their legal property.
Learn more about ownership here:https://brainly.com/question/25734244
#SPJ1
If the amount in supplies expense is the january 31 adjusting entry, and $ 850 of supplies was purchased in january, what was the balance in supplies on january 1?
The balance in supplies on January 1 will be $1070.
What is an adjusting entry?A general ledger entry known as an adjustment journal entry" is made at the conclusion of an accounting period to report any unrealized income or costs during the time. Adjusting entries are modifications to previously written entries in your diary. They specifically ensure that the data you have recorded corresponds to the proper accounting periods.
The cost of consumables utilized during a reporting period is referred to as supplies expense. Until they are consumed, supplies are typically regarded as current assets. Supplies become expenses once they have been consumed. If supplies have a large financial worth, they may qualify as current assets.
Here, the amount of $850 of supplies was purchased in January. The balance will be:
Supplies expense = $950
Add: Ending supplies = $970
Less: Supplies purchased = $850
Beginning supplies = $1070
Therefore, the balance is $1070.
In conclusion, the balance in supplies on January 1 will be $1070.
Learn more about adjusting entry on:
https://brainly.com/question/13933471
#SPJ1
An income statement reflects activity that occurs _____ while a balance sheet reflects values ____.
An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.
The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.
The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.
Income statement and balance sheet both constitute the financial statement of a company.
To learn more about balance sheets: brainly.com/question/14847079
#SPJ4
What is the maximum amount you would pay for an asset that generates an income of $150,000 at the end of each of five years, if the opportunity cost of using funds is 6 percent?
The opportunity cost of using funds is 6 percent will be $ 14305
What is meant by opportunity cost?When an amount of money is allocated to another type of investment or expense, an opportunity cost is said to have been foregone.
Given,
income = 150000
percentage = 6
number of years = 5
Present value = Future value [tex](\frac{1}{1 + r})^{n}[/tex]
r = rate of return
n = number of years
Present value = [tex]150000(\frac{1}{1 + 0.6})^{5}[/tex]
= 150000 × (1/1.6)⁵
= $ 14305
So, Opportunity cost = $ 14305
To learn more about opportunity cost from given link
https://brainly.com/question/14473676
#SPJ4
Sales forecasting, economic forecasting, and environmental analysis are examples of the control of?
Sales forecasting, economic forecasting, and environmental analysis are examples of the control of information resources
What is environmental analysis?
By conducting an environmental analysis, organisations can identify internal and external elements that could have either a favourable or negative impact on their business. By considering factors like the economy and technology, businesses can anticipate potential possibilities and difficulties. By knowing how to do an environmental analysis, you may develop a profitable marketing strategy for your business. In this article, we define environmental analyses, describe their applications, outline their methodology, and discuss the PESTLE analysis.
To learn more about Environmental Analysis
https://brainly.com/question/21680038
#SPJ4
An investor is in a 35% combined federal plus state tax bracket. If corporate bonds offer 8.50% yields, what yield must municipals offer for the investor to prefer them to corporate bonds?
If the municipals offer a yield greater than 5.53%, they would be preferred by the investors compared to the corporate bonds.
What is the equivalent tax-free municipal yield that makes investors indifferent?
The tax-free equivalent of municipal bond can be determined as the corporate bond yield multiplied by 1 minus the combined federal plus stated tax bracket for the taxpayer
Equivalent yield on municipal bond=8.50%*(1-35%)
Equivalent yield on municipal bond=5.53%
In for the investor to prefer municipals to corporate bonds, the municipals need to offer a yield that is greater than the equivalent yield of 5.53%, in short, such municipal bonds are issued by the counties or local government areas in order to fund specific projects or their operations, it is different from the ones issued by the national treasury which is back by the full faith of the country's currency
Find out more about equivalent tax yield on:https://brainly.com/question/15177095
#SPJ1
A firm has a net working capital of 420, net fixed assets of 2166 sales of 5300 and currrent liabilityes of 730 how many dollars worth of sales are generated from every 1$ in total asstest?
1.69 times of sales are generated from every 1$ in total assest. The net working capital is $470, and the current liabilities are $800.
Current liabilities
Current liabilities are generally referred to in accounting as all liabilities of the firm that must be settled in cash within the fiscal year or the operating cycle of a particular company, whichever is longer. According to a more thorough definition, current liabilities are obligations that will be paid off by current assets or by the creation of new current liabilities. Accounts payable are due and payable within 30 days, however under particular situations, they frequently take longer than 30 or 60 days.
Current assets - current debts = gross working capital.
Current assets - 800= 470
Current assets = $1,270
Net fixed assets is given as $2,287.
Total assets = Net fixed assets + Current assets
Total assets = 2,287 + 1,270
= $3,557
Total assets turnover ratio = Sales / Total assets
= 6,000 / 3,557
= 1.69 times.
To learn more about Current liabilities
https://brainly.com/question/28039459
#SPJ4
Incomplete Question
If+mortgage+rates+rise+from+5%+to+10%+but+the+expected+rate+of+increase+in+housing+prices+rises+from+2%+to+9%,+are+people+more+or+less+likely+to+buy+houses?
People are more likely to buy houses
compute real interest rates (r = i - π) in both periods:
Before r = 5% - 2% = 3%
After r = 10% - 9% = 1%
Because the real interest rate that must be paid has decreased from 3% to 1%, more people are now likely to buy homes. The amount of money that people are paying back may be increasing, but because property prices have increased so quickly, the actual cost of financing homes has decreased. The real interest rate for acquiring a home has decreased from 3% (=5% -2%) to 1% (=10% 9%), which has increased the likelihood that people will do so. Thus, even if mortgage rates have increased, the actual cost of financing a home is reduced. (If tax deductions for interest payments are permitted, then the likelihood that individuals will purchase homes increases.)
To know more about interest rate refer to https://brainly.com/question/16555286
If+martha+invests+$500+today+in+an+account+that+earns+12.30%+per+year+in+compound+interest,+how+much+will+she+have+in+13+years?(round+the+value+to+100th+decimal)
Interest Rate The amount a lender charges a borrower for the use of an asset is referred to as the interest rate in the field of finance. Therefore, the interest rate is the cost of the debt for the borrower while it is the rate of return for the lender.
What is the compound interest ?
Compound interest is generally understood to be interest that is earned on both the original investment and any subsequent interest. Compound interest is, thus, the interest earned on both the initial principal and the interest that has already been accrued on this principal. As a result, the key feature of compound interest is that interest generates interest. This idea of including a carrying charge causes a deposit or loan to grow more quickly.
Compounding is done on a monthly basis (12/Yr) compounding, an annual (1/Yr) compounding, a quarterly (4/Yr) compounding, and an annual (1/Yr) compounding basis.
FV = P (1+ r/m)^mt
FV, or the future value of the investment, is the total sum in our calculator.
The starting balance is P. (the value of the investment)
the yearly interest rate, or r. (in decimal)
m is the number of times per year that interest is compounded (compounding frequency)
t - the length of time that the funds are invested for
To learn more about Interest Rate from the given link.
https://brainly.com/question/25793394
#SPJ4
According to objective theorists, once a principle is discovered and validated, it will continue to hold true as long as _____.
According to objective theorists Once a principle is found and proven, it will hold true for as long as "conditions remain relatively the same."
What is communication theory?
A concept that has been established and proven to be accurate will continue to stay true as long as "conditions remain relatively the same."
A hypothesized explanation of communication phenomena, their connections, a narrative outlining these connections, and a justification for these three components make up communication theory. A framework for discussing and analyzing the crucial commitments, procedures, and events that make up communication is provided by communication theory. Communication theory equips us with the means to respond to concerns about communication that are empirical, intellectual, or practical. Theory can be thought of as a technique to map the world and make it navigable.
Common sense and academic definitions of communication are provided.
to know more about communication theory
https://brainly.com/question/6250501
#SPJ4
Project management is a must-have capability for every organization and a personal job skill that will only become more valuable in the years ahead. true/ false
The claim is true. Every organization needs to have the ability to manage projects, and project management is a personal job skill that will only grow in value over time.
In general, project managers who are refining their management techniques need must-have capability and expertise in three distinct areas:
project management that is industry-independentbusiness administration and basic accounting knowledgecomplexities and technicality of the entire management processIt has been said that project management is both an art and a science that will be more valuable in the years ahead. To practice this craft, one must first understand the fundamentals of project management. Industry-specific and versatile project managers are required for success, but project management must be independent of industry.
Learn more about project management knowledge areas that primarily involve generating, collecting, disseminating, and storing project information: https://brainly.com/question/17313957
#SPJ4
To affect economic variables such as real gdp or the price level, the monetary policy target the federal reserve has generally focused on is the?
To affect economic variables such as real GDP or the price level, the monetary policy target the federal reserve has generally focused on the Federal funds rate
What are federal reserves?The Federal Reserve System, also known as the Federal Reserve or just the Fed, is the United States of America's central banking system. Following a number of financial panics, notably the Panic of 1907, the Federal Reserve was founded with the passing of the Federal Reserve Act on December 23, 1913, in response to the necessity for centralized supervision of the monetary system to avert financial disasters. The tasks and responsibilities of the Federal Reserve System have grown over time due to incidents like the Great Depression in the 1930s and the Great Recession in the 2000s. There are multiple tiers to the Federal Reserve System. The Federal Reserve Board, comprised of governors selected by the president, oversees it (FRB). Twelve regional Federal Reserve Banks, dispersed across the country's cities, control and supervise independently held commercial banks. Commercial banks with national charters are required to own stock in the local Federal Reserve Bank and have some board member elections.
To know more about the Federal reserve visit:- https://brainly.com/question/23247429
#SPJ4
Within a diversified company, the responsibilities of corporate-level strategic managers include? a. maintaining records of transactions with suppliers
Within a diversified company, the responsibilities of corporate-level strategic managers include providing leadership for the entire organization and allocating resources among its different business areas. Option D
This is further explained below.
What are strategic managers?Generally, Strategic management is a subgenre of management that comprises the formulation and implementation of the key goals and initiatives made by the managers of an organization on behalf of the company's stakeholders.
This is done in accordance with the principles of strategic management.
After taking into account the resources of the business and doing an analysis of the internal as well as the external contexts in which the firm works, these choices are taken.
In conclusion, Corporate-level strategic managers of a diverse firm are tasked with a variety of duties, including but not limited to providing leadership for the whole organization and distributing resources across the many business divisions within the corporation. The D Option
Read more about strategic management.
https://brainly.com/question/28102251
#SPJ1
completed question
Within a diversified company, the responsibilities of corporate-level strategic managers include:
a. supervising production at the manufacturing units of the company.
b. compiling sales reports, company costs, employee productivity and calculating the employee turnover rate.
c. responding to employee complaints on a daily basis.
d. providing leadership for the entire organization and allocating resources among its different business areas.
e. maintaining records of transactions with suppliers.
The type of analysis that examines the relationship of items on the financial statements of one year is called?
The type of analysis that examines the relationship of items on the financial statements of one year is vertical analysis.
What is a vertical analysis?In accounting, this is the method of a financial statement analysis in which each line item is listed as a percentage of a base figure within the statement. The process is that the line items on an income statement is be stated as a percentage of gross sales and the line items on a balance sheet can be stated as a percentage of total assets or liabilities.
Therefore, the vertical analysis of a cash flow statement also shows how the cash inflow or outflow as a percentage of the total cash inflows.
Read more about vertical analysis
brainly.com/question/22530586
#SPJ1
If the fed lowers the reserve requirement:____.
a. fewer people get credit.
b. banks lose business.
c. more money is available to loan.
d. less money is available in the market.
So, correct option for your question is C. more money is available to loan
When the Federal Reserve cuts the reserve ratio, it lowers the amount of cash that banks are required to store in reserves, allowing them to make more loans to individuals and companies. This increases the nation's money supply and expands the economy.
Reserve Requirements:
Based on a portion of the cash that customers have on hand, banks lend them money. In exchange for this power, the government imposes one requirement on them: maintain a minimum balance of deposits to cover potential withdrawals. The reserve requirement is the amount that banks must hold in reserve and are not permitted to lend above. Both the requirement and the interest rate that banks are paid on excess reserves are established by the Board of Governors of the Federal Reserve. The Federal Reserve is authorised to pay interest on excess reserves under the Financial Services Regulatory Relief Act of 2006. The start date for interest payments to banks was October 1, 2011. As a stand-in for the federal funds rate, this interest rate is known as the interest rate on excess reserves.
To learn more about Reserve Requirements
https://brainly.com/question/25812353
#SPJ4
What does the phrase ""no taxation without representation"" mean? is it still relevant today?.
the required details "taxation without representation is mentioned below
DEFINITION
The phrase "taxation without representation" refers to being forced by a government to pay a tax without having a vote in its decisions, such as through an elected representative. The Stamp Act, which obliged colonies in what would become the United States to pay duties on printed literature, was approved by the British Parliament in 1765. The issue was that the colonists were denied the ability to choose their Parliamentary representatives. Taxation without representation was one of the colonists' first anti-British catchphrases. Additionally, they started to oppose arbitrary taxes, as seen in the Boston Tea Party.
The expression "taxation without representation" refers to the circumstance of being subject to taxes levied by a government without being included in the decision-making process.
to know more about taxation without representation
https://brainly.com/question/661556
#SPJ4
If martha were to add recycling containers inside her store for her customers, this would?
If martha were to add recycling containers inside her store for her customers, this would: Likely end up costing her more money and time but could lead to more satisfied customers and future profitability.
What is recycling?Recycling can be defined as the way in which waste product or waste item are turn in to new and useful product.
Recycling is important as it help to prevent litter of items in the environment and it help to conserve resources.
Adding recycle containers for her consumer will tend to cost her more money and time but the end result is that her customer will be satisfied with the service she rendered to them and it will inurn tend to lead to future profitability for her her.
Therefore If martha were to add recycling containers inside her store for her customers, this would: Likely end up costing her more money and time but could lead to more satisfied customers and future profitability.
Learn more about Recycling here:https://brainly.com/question/2055088
#SPJ1
Using the ob concepts and tools that best suit the situation is called a(n)____to management.
Using the OB concepts and tools that best suit the situation is called a contingency approach to management.
What is contingency approach?
The Situational Approach, also known as the Contingency Approach, is founded on the idea that all management is fundamentally situational in nature. The circumstances of a particular situation will have an impact on (if not control) all managerial decisions. There isn't just one effective technique to approach any decision.
Contingency approach to management refers to using the OB concepts and tools that are most appropriate for the circumstance.
To know more contingency approach, go to URL
https://brainly.com/question/1610360
#SPJ4
In the infrequent foreign marketing stage of international marketing involvement, firms?
International marketing This involves the business operating in multiple markets, where not only do the uncontrollable factors vary widely from one market to the next, but it is also likely that the controllable factors—such as cost and price structures, advertising opportunities, and distribution infrastructure—will also vary widely.
Global marketing With the aim of gaining a worldwide competitive edge, the entire organization focuses on the selection. The company's main goal is to develop operational synergy so that, by utilizing various exchange rates, tax rates, labor rates, skill levels, and market opportunities, the organization as a whole will be larger than the sum of its parts.
To learn more about International marketing from the given link.
https://brainly.com/question/20860719
#SPJ4
The accounting basis that records revenues in the period that goods and services are provided to customers is referred to as:_______
The accounting basis that records revenues in the period that goods and services are provided to customers is referred to as Accrual-Basis.
What do you mean by Accrual-Basis?The accounting system known as "accrual basis" can be characterized as one in which income, expenses, and other changes to assets, liabilities, and owner's equity are recorded in the period in which the economic event occurs rather than when cash flows in and out.
A corporation can use accrual accounting, a financial accounting technique, to record revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company.
In other words, regardless of when monetary transactions have taken place, the company's accounting records the revenue earned. One of two accounting techniques is accrual accounting; the other is cash accounting. Cash accounting only captures revenue once a cash transaction for the products or services has taken place.
To know more about Accrual Accounting, visit:
https://brainly.com/question/13464862?
#SPJ4
What does the demand curve in the graph above tell you about how consumer behavior changes if Beth’s Bagels raises the price from $.25 to $1.50?
Group of answer choices
Quantity demanded decreases
Demand shifts to the right.
Demand shifts to the left.
Quantity demanded increases.
if Beth’s Bagels raises the price from $.25 to $1.50 the quantity demanded decreases. (first option)
What happens if price increases?The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. On the graph of the demand curve, price is on the y-axis and quantity demanded is on the x-axis.
The demand curve slopes downward. This means that as price increases, the quantity demanded decreases and when price decreases, the quantity demanded increases.
This means that when Beth's bagels increase the price of bagels, the quantity demanded would decreases from 40 units to 10 units. If price decreased instead from $1.25 to $1, quantity demanded would increase from 10 units to 20 units.
Please find attached the graph used in answering this question. To learn more about the demand curve, please check: https://brainly.com/question/25140811
#SPJ1
Why would you only want to do business at a bank or credit union that is INSURED?
Credit score unions typically offer decreased fees, better savings quotes, and a more personalized approach to customer service for individuals. in addition, credit unions might also offer decreased hobby costs on loans. it can additionally be less complicated to attain a loan with a credit score union than with a bigger financial institution.
Less rigid eligibility requirements. lower interest fees. Deposits are insured in an identical manner as banks. more economic literacy sources.
A commercial business account permits less difficult rate monitoring and tax filing. enterprise money owed also lend credit union to your commercial enterprise, in view that carriers will obtain tests from the name of your enterprise, now not your private account. each of your non-public and commercial enterprise money owed may be controlled online via digital banking apps.
Learn more about business here:-https://brainly.com/question/24448358
#SPJ4
Assume there was $100,000 of rent when the company produced 1,000 units. what would be the cost per unit and in total to produce 2,000 units?
The cost per unit is $50. The total cost of producing 2,000 units is $100,000.
What is the cost per unit?Rent is an example of a fixed cost. Fixed cost do not vary with the level of output. The rent paid would be the same if the firm produces 0 units of output or 100,000 units of output.
Thus, the rent would be the same if the firm produces 2,000 units as it is when the firm produces 1,000 units.
The cost per unit also known as average cost can be determined by dividing the rent by the total unit of output.
Cost per unit = rent / total output
$100,000 / 2,000 = $50
To learn more about fixed cost, please check: https://brainly.com/question/17100497
#SPJ1
When individuals want to start a new venture, they may obtain many small amounts of money from many people. what is this type of financing called?
When individuals want to start a new venture, they may obtain many small amounts of money from many people. This type of financing is called Crowdfunding.
What is Crowdfunding?Using modest sums of money from a large number of people in a process known as crowdsourcing, a new business endeavor can be financed. With the potential to increase entrepreneurship by broadening the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists, crowdfunding makes use of the readily available, enormous networks of people through social media and crowdfunding websites.
The ability to fund a new business and the amount that individuals may contribute are both subject to restrictions in the majority of jurisdictions. Similar to the limitations on investing in hedge funds, these rules are meant to prevent novice or less wealthy investors from putting too much at risk.
Entrepreneurs now have the chance to raise hundreds of thousands or millions of dollars from anyone with money to invest thanks to crowdfunding. Anyone with an idea can use crowdfunding to present it to interested investors.
Thus, the mode of financing referred to in the question is crowdfunding.
For more information on Crowdfunding, refer to the given link:
https://brainly.com/question/17082867
#SPJ4
If lucinda has only $60 to spend and the price of kewpie dolls and the price of beanie babies are both $12, how many of each will lucinda buy if she is rational?
If she is rational, Lucinda will buy 5 of each artefacts which costs $12 each. See explanation below.
Who is a rational consumer?A rational consumer is an economic parlance that assumes that while making a decision, customers would always prioritize maximizing their own advantages.
When making a selection, rational consumers choose the alternative that will provide them with the maximum utility and satisfaction.
Hence, as a rational consumer, Lucinda will spend $60 to purchase 5 of each product.
Given that both dolls are $12, to max out or achieve maximum satisfaction, the entire $60 must be expended to the full.
Hence,
$60/ 12
Maximum Utility Spend = 5 of each product.
Learn more about rational consumer:
https://brainly.com/question/28089684
#SPJ1
