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vovikov84 [41]
2 years ago
9

Jennifer gets 5 utils from consuming her first slice of pizza, 4 utils from the second slice, 3 utils from the third, etc. Each

slice of pizza costs $1. She also gets 4 utils from her first soda, 2 utils from the second, and 1 util from the third. Each soda costs $1. If Jennifer only has $4 to spend and spends it all on pizza and sodas, what is her total utility from the purchase if she wants to maximize her total utility?
Business
1 answer:
nata0808 [166]2 years ago
6 0

Answer:

The maximum utility is 16 utils

Explanation:

To maximize the utility we must choose the items that gave most utils.  

Each item cost $1 and we have $4 to spend.  

1 slice of pizza: 5 utils

2 slice of pizza: 4 utils

3 slice of pizza: 3 utils

1 soda:  4 utils

2 soda:  3 utils

3 soda: 2 utils

If we display them in a decrease order and we choose  the first four rows.

1 slice of pizza: 5 utils (1 dollar)

2 slice of pizza: 4 utils  (1 dollar)

1 soda:  4 utils (1 dollar)

3 slice of pizza: 3 utils  (1 dollar)

2 soda:  3 utils

3 soda: 2 utils

Highlighted are the ones we must get to get the maximum utility.

The maximum utility is 5 utils +4 utils+4 utils+3 utils= 16 utils

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3 years ago
Which pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are co
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Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.

<h3><u></u></h3><h3><u>What is decoy pricing?</u></h3>

A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.

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3 years ago
Jamal has owned his home for about 5 years. his refrigerator needs to be replaced and jamal is thinking about buying an energy s
ipn [44]

Answer - A (7 years)


WORKINGS

To calculate how long it would take for the new refrigerator to pay for itself in lower utility costs, the cost of new refrigerator will be divided by lower utility cost per year

 

Cost of new refrigerator = $598

 

TO CALCULATE LOWER UTILITY COST PER YEAR

At a cost of only 12 cents per day

Annual cost will be 12 X 365 = 4380 Cents ($43.8)

 

Cost saved annually = Cost of old refrigerator – Cost of new refrigerator.

Lower utility cost per year = $132 – $43.8

Lower utility cost per year = $88.2

 

How long would it take for the new refrigerator to pay for itself in lower utility costs?

$598 ÷ $88.2

= 6.78 years

Approximately 7 years

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7 0
3 years ago
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