1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivahew [28]
1 year ago
14

suppose that the marginal benefit per dollar spent on bicycles exceeds the marginal benefit per dollar spent on skateboards. the

consumer can always increase her utility by​ buying:
Business
1 answer:
torisob [31]1 year ago
4 0

More bicycles and fewer skateboards.

For example, consumers are willing to pay $5 for ice cream, so the marginal utility of eating ice cream is $5. However, consumers may be significantly less willing to buy additional ice cream at that price and will be tempted to buy another ice cream just by spending $2.

Limit Utility is the maximum amount a consumer will pay for an additional good or service. In general, marginal utility decreases as consumption increases. The marginal cost of production is the change in the cost of producing additional units of goods or services.

In general, marginal utility decreases as consumption increases. When consumers are willing to pay more for goods and services than the market price, this is known as consumer surplus. The marginal utility of some commodities such as B. Medications does not decrease over time.

Learn more about skateboards here;

brainly.com/question/1493930

#SPJ4

You might be interested in
The economy is initially in short-run equilibrium when incomes taxes decline and productivity rises. If the change in aggregate
Vikki [24]

Answer:

If the aggregate supply—also referred to as the short-run aggregate supply or SRAS—curve shifts to the right, then a greater quantity of real GDP is produced at every price level. If the aggregate supply curve shifts to the left, then a lower quantity of real GDP is produced at every price level.

Explanation:

A shift in aggregate supply can be attributed to many variables, including changes in the size and quality of labor, technological innovations, an increase in wages, an increase in production costs, changes in producer taxes, and subsidies and changes in inflation.

In summary, aggregate supply in the short run (SRAS) is best defined as the total production of goods and services available in an economy at different price levels while some resources to produce are fixed... As prices increase, quantity supplied increases along the curve.

3 0
3 years ago
Read 2 more answers
Supervisors who allow their rating in one area to influence their rating in another area on performanceappraisals are susceptibl
crimeas [40]

Answer:Supervisors who allow their rating in one area to influence their rating in another area on performance appraisals are susceptible to the <u><em>Halo effect.</em></u>

<em>Under halo effect the evaluator lets one or two feature of the appraisal or behavior of the worker unduly influence all other characteristic of the worker's performance. </em>

<u><em>Therefore in this case the correct option is (c).</em></u>

4 0
3 years ago
Bell Co. changed from a traditional manufacturing philosophy to a just-in-time philosophy. What are the expected effects of this
kotykmax [81]

Answer:

C. Increase, Decrease

Explanation:

Inventory turnover is increased because there are very low or almost nill Closing inventorya as we divide the cost of goods sold with a lower number. Inventory as a percentage to total asset will be decrease because there will be a lower value ofinventory in the balance sheet. Comparing it with total value of asset tells us the percentage of total asset.

7 0
3 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per
olga nikolaevna [1]

Answer:

feelsbad

Explanation:

8 0
3 years ago
Assume the real rate of return is 3.37% and the inflation rate is 1.47%. Find the nominal rate of return using the exact formula
Citrus2011 [14]

Answer:

4.89%

Explanation:

Real rate of return = 3.37%

Inflation rate = 1.47%

The nominal rate of return is computed as shown below:

= [ (1 + real rate of return) x (1 + inflation rate) ] - 1

= [ (1 + 0.0337) x (1 + 0.0147) ] - 1

= (1.0337 * 1.0147) - 1

= 1.04889539 - 1

= 0.04889539

= 4.889539%

= 4.89% approx.

7 0
3 years ago
Other questions:
  • Recently, the acme explosives company was sold to a new owner, roadrunner inc. the operations of the two organizations are going
    7·1 answer
  • Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f
    5·1 answer
  • So can a for profit business give someone the title of Executive Director?
    7·1 answer
  • Consider this case: Mildred’s Brewing Corp. needs to take out a one-year bank loan of $500,000 and has been offered loan terms b
    7·1 answer
  • Rework problem 3 in section 1 of Chapter 7 of your textbook, about the Natural Fertilizer Company, using the following data. Ass
    8·1 answer
  • Kerin is a business student interning at Benson and Hodgson, a firm specializing in exports of sophisticated equipment to other
    15·1 answer
  • Suppose that a city has 90,000 dwelling units, of which 35,000 are houses, 45,000 are apartments, and 10,000 are condominiums.
    9·1 answer
  • Self talk, our inner voice, can be negative or positive depending on the situation.
    10·1 answer
  • . In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extra
    11·1 answer
  • question 3 fill in the blank: using a(n) keeps a record of any inconsistencies from the initial requirements of a project.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!