Answer:
Paul is not maximizing his utility because MUd/Pd is greater than MUb/Pb
Explanation:
Marginal utility is the extra satisfaction derived from spending an additional unit of money on consuming a particular product or service.
In order to determine if he is maximizing his utility, we must calculate his utility per dollar, and this is done by dividing his Marginal Utility by the price.
Marginal Utility per dollar of DVDs is:
MUd/Pd = 23/11 = 2.09
Marginal Utility per dollar of books is:
MUb/Pb = 5/3 = 1.67
Utility is maximized when MUd/Pd is equal to MUb/Pb and Paul has exhausted his budget.
Answer: Marketing service
Explanation: Marketing services can be defined as those services involving activities like advertising and market research etc. The main focus of marketing is not on advertising the products but to make a demand in the market for the product offered.
In the given case writeon is new in the market hence they need promotion and customer base for selling the product. The advertising objectives that writeon needs can be achieved with the help of marketing activities.
Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Explanation:
- Q1.Can my eyes capture things within the normal distance?
- Q2. Am I feeling normal without any illness?
Answer for Q1: I would list down things that I could see from normal distance, objects on my left and right and would ask my family member to cross check.
Answer for Q2: Driving with heavy fever, or other illness sometimes make driving difficult. So it risks both passenger and driver's life.
Answer for Q3: I would self check with normal hands-free. I would check one ear at a time.
Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
