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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;

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If an economy is producing at a point on its production possibilities frontier, it is: a.efficient in production and allocation.
irinina [24]

Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.

- all points on the curve are points of maximum productive efficiency

- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.

8 0
3 years ago
Please check my answer. I picked A.
yawa3891 [41]
You're correct. Because the definition of a franchise business is "<span>A </span>franchise<span> is a </span>business system<span> in which </span>private<span> entrepreneurs </span>purchase the rights<span> to open and </span>run<span> a </span>location of a larger company<span>."</span>
7 0
3 years ago
One way that the world bank might experience an adverse selection in its own lending is if __________.
Sloan [31]

Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.

When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

To learn more on world bank

brainly.com/question/3520105

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6 0
1 year ago
The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate va
goldenfox [79]

Answer: uniqueness

Explanation:

8 0
2 years ago
A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200 tickets, they had a net
Arlecino [84]

Answer: y = 66x - 1200

Explanation: The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.

If we let b represent the sales earned from selling tickets, then:

Net profit = total sales - total costs

12,000 = 200b - 1,200

We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:

∴12000 + 1200 = 200b

13200 = 200b

To get the price of one single ticket, b, we need to divide both sides by 200.

∴ b = 66

This means that each ticket's selling price is $66.

So when when we take it back to the calculation of net profit then it becomes:

Net profit = total sales - total costs

y = 66x - 1200

To test:

y = 66x - 1200

= 66 (200 tickets) - 1200

= $12,000

4 0
3 years ago
Read 2 more answers
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