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2 years ago

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:

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A lag is minimum amount of time that is required for a dependent activity have to be delayed to either start or end.

If testing cannot be completed any earlier than four days after the prototype has been built, the type of lag that exists is finish to finish.

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3 years ago

Reasons for unequal distribution of income in developing countries

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Answer: consumers acting as brand advocates

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3 years ago

Assume you had determined that John Firestone, vice president of Pierce Chemicals, was a prospect for your paper and metal conta

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Answer: Please refer to Explanation.

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3 years ago

A stock will have a loss of 13.6 percent in a recession, a return of 12.3 percent in a normal economy, and a return of 27 percen

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Answer:

Standard deviation =21.34

Explanation:

Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .

Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios

Expected return (r) = (13.6% × 0.33 ) + (12.3% × 0.36) + (27%× 0.31)=17.3%

Outcome R (R- r )^2 P×(R- r )^2

Recession 13.6 13.6 4.5

Normal 12.3 24.9 8.9

Boom 27% 94.4 29.3

Total 42.7

Standard deviation = √42.7 = 21.34

Standard deviation =21.34

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3 years ago