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Assoli18 [71]
2 years ago
12

The current price of a turkey sandwich is $6. If kyle is currently buying five turkey sandwiches a week, he:_______

Business
1 answer:
Vsevolod [243]2 years ago
4 0

The utility is not maximized since the  marginal utility gained from the fifth sandwich is greater.

In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.

In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or  the service. It computes utility once the first product is consumed (the marginal amount).

Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.

To know more about utility click here:

brainly.com/question/24848038

#SPJ4

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how goods are produced often affects an entire society. natural resources, we have learned, are limited. while some natural reso
vlada-n [284]

While overuse of fossil fuels will cause pollution, world without them is also difficult. A balance is required.

Explanation:

  • Without fossil fuels vehicle transport for conveyance does not happen, food won't be transported, and thus life may come to standstill. It will take sometimes, centuries for the alternative sources to replace fossil fuels.  
  • Overuse will cause pollution to happen and the fossil fuels getting depleted. We already found that if fossil fuels are not there, world will come to standstill. Therefore, cannot deplete them.
  • Balanced usage, usage with caution, and development of alternative sources are the ways to tackle the problem. These are the implications of the statements.
6 0
3 years ago
Read 2 more answers
A family buys a car for $25,000. The family pays $2,500 cash and takes out a loan for the rest at 8% simple interest.
Rom4ik [11]

Answer:

A. $150

Explanation:

Amount of car = $25,000

Initial payment = $2,500

If the family takes out a loan for the rest, the amount taken as loan

= $25,000-$2,500

= $22,500

If interest of 8% is charged on the loan for 5years, the interest charged for the 5years can be gotten using simple interest formula:

Simple interest = principal × rate × time/100

Simple interest = $22,500×8×5/100

Simple interest = $9,000

If total interest paid for 5years = $9,000

The family monthly payment will be:

= $9000/5×12 (since there are 12months in a year)

= $9,000/60

= $150

8 0
3 years ago
If Morton Company expects to sell VCR’s at $100 a unit with variable costs of $60 per unit and DVD’s at $200 per unit with varia
Thepotemich [5.8K]

Answer:

$72

Explanation:

To calculate the weighted contribution margin we can use the following formula:

[(sales price A - variable cost A) x proportional sales A] + [(sales price B - variable cost B) x proportional sales B]

= [($200 - $120) x 80%] + [($100 - $60) x 20%] = $64 + $8 = $72

7 0
3 years ago
Property rights are legally established titles to the​ ownership. True or False
kakasveta [241]

Answer:

True

Explanation:

The property rights are the rights that are given the authority to use or sell the property resources which fully depend upon the ownership criteria.

It should be legally owned by any person whether such a person is an individual or its a company or government.  

The example of the property rights would be intangible or tangible i.e building, patents, land, copyrights, and other intellectual properties.

8 0
3 years ago
A company with 108,000 authorized shares of $4 par common stock issued 33,000 shares at $12. Subsequently, the company declared
liq [111]

Answer:

$20,460

Explanation:

Data provided as per the question below:-

Common stock = 33,000 shares

Market price per share = $31

Stock dividend percentage = 2%

The computation of stock dividend is shown below:-

Price per share = Common stock × Market price per share

= 33,000 × $31

= $1,023,000

Stock dividend = Price per share × Stock dividend percentage

= $1,023,000 × 2%

= $20,460

8 0
3 years ago
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