Use this information for Rusty Co. to answer the questions that follow.
Rusty Co. sells two products, X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows:
-What was Rusty Co.'s weighted average unit contribution margin?
Definitions:
Wealth
The total value of all financial and non-financial assets owned by an individual, company, sector, or nation minus any liabilities.
Expected Utility Function
A mathematical representation of an individual's preference for certain outcomes over others, considering the uncertainty of those outcomes.
Utility Function
A mathematical representation of a consumer’s preference ordering over a choice set, used to describe how consumers allocate their income to maximize their satisfaction.
Risk Neutral
An attitude or preference indicating indifference between choices with uncertain outcomes, focusing instead on the expected values.
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