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2 years ago

If, when you consume another piece of candy, your marginal utility is zero, then?

1 answer:

meriva2 years ago

5 0

If, when you consume another piece of candy, your marginal utility is zero, then you have gotten the most out of eating candy overall.

<h3>What is marginal utility?</h3>

Utility in economics refers to the pleasure or advantage obtained from using a thing.
A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit.

You may purchase an iced doughnut, for instance. You consequently gain some degree of utility or satisfaction from it.

The general rule in economics is that marginal utility equals total utility change divided by change in quantity of goods.
The equation looks like this: Total utility difference divided by amount of commodities difference equals marginal utility.

Learn more about marginal utility here:

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The demand and supply functions for basic cable TV in the local market are given as: Calculate the consumer and producer surplus

lana [24]

Answer: Hello your question is poorly written attached below is the complete question

answer:

a) Cs = 800,000 , Ps = 1,500,000

b) Cs = 1437500, Ps = 525,000

Explanation:

Demand function ( Qd ) = 200,000 - 4000 P

supply function ( Qs ) = 20,000 + 2000 P

at equilibrium : 200,000 - 4000P = 20,000 + 2000P

therefore ; P = 180,000 / 6000 = 30

Q = 20,000 + 2000 ( 30 ) = 80,000

<u>a) Determine consumer and producer surplus in the market</u>

consumer surplus ( Cs ) This is the area above the price and below the demand curve = 1/2 * ( 50 - 30 ) 80,000 = 800,000

producer surplus ( Ps ) This is the area above supply and below price

= 30 * ( 80,000 ) - 1/2 (80,000 - 20,000 ) (30)

= 1,500,000

<u>b) Determine the new levels of consumer and producer surplus with a price ceiling of $15 </u>

Pc (ceiling price ) = $15

Qd = 200,000 - 4000 ( 15 ) = 140,000

Qs = 20,000 + 2000 ( 15 ) = 50,000

∴ New consumer surplus = area ( a , Pc, b, d )

= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)

= 1437500

New producer surplus = area ( Pc , b, e 0 )

= ( 15 ) ( 50000) - 1/2 ( 50,000 - 20,000 ) (15)

= 525,000

7 0

3 years ago

Layne wants to set up her PivotTable to show how her total sales were distributed across the

Sav [38]

The command that would help to show the total sales distributed in the month that she wants to see is the Show Field List.

<h3>What is the show field list?</h3>

This is the command that tells the spreadsheet that you want to view the values that are in a field.

This command would show the list after you carry out the action of right clicking on the pivot table.

Read more on the pivot table here:brainly.com/question/15214258

7 0

3 years ago

Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator

babymother [125]

This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions. The situation perfectly implies that costs will be incurred to ensure efficient and effective flow of processes. This theory also applies to all business strategies of companies.</span>

6 0

3 years ago

A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses.B) A significa

Zanzabum

Answer:

D) Project importance is enhanced by setting authority equal to that of functional departments.

Explanation:

A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.

Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.

Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.

During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.

Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.

8 0

3 years ago

What is it about incentive systems that makes them so attractive to leaders attempting to implement organizational change

sveticcg [70]

Answer:

Incentive systems are so attractive to leaders who attempt to implement organizational change because they are powerful tools that can influence and motivate workers to embrace organizational change.

Explanation:

Incentive systems promote and encourage specific workers' actions or behavior. They are particularly used in businesses to motivate employees to adopt certain behaviors during a change transition by management. Studies have shown that if correct incentive systems are correctly selected, implemented, and monitored, they can increase team performance by an average of 44 percent. This improved performance makes incentive systems attractive to leaders who are implementing organizational changes.

4 0

3 years ago