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
Roman55 [17]
3 years ago
5

It is a hot day at the beach. Ice water costs $1 per bottle and this is your only option. Your marginal benefit for water follow

s the equation MB = $10 - $x.x is represents the number of bottles of ice water you have had. So, for example, the marginal benefit of the first bottle is $10 - $1 = $9. The MB of the 2nd bottle is $8 .. and so on.Assuming you are an economically rational consumer how many bottles of water will you buy?
Mathematics
1 answer:
Trava [24]3 years ago
5 0

Answer:

9 bottles of water

Step-by-step explanation:

Marginal benefit is a microeconomic concept that explains how much the consumer adds satisfaction to each unit consumed of a given product. Usually, the marginal benefit is decreasing, which makes logical sense, the more a customer consumes a particular good, the smaller the benefit of the next unit.

At first, the first bottle of water has a high benefit as mentioned in the exercise:  9

In the second, you are a little less thirsty, so the benefit will be 10 - 1x2 = $8

In the ninth bottle, you will have very little thirst and the benefit will be 10 - 1x9 = $1

In the tenth bottle there is no benefit, the consumer is indifferent. As a rational consumer, you will buy until the bottle is still usable, even if minimal, for 9 bottles when your benefit is $1.

You might be interested in
there are 657 lights on you set. on any given day 6 of them burn out and need to be replaced . if each light cost $45 how much d
Klio2033 [76]

Answer:

1890, total cost of lights per week

Step-by-step explanation:

The lights cost 45 dollars per bulb and 6 go out per day, 45×6=270

270 is the cost to replace the bulbs of one day.

270×7=1890.  1890 is the cost for a whole weeks worth of replacing these bulbs.

6 0
3 years ago
The local cable company charges $90 per month for basic and $12 per month for each additional premium cable channel.The function
Alika [10]

Answer:

2 additional premium channels

Step-by-step explanation:

Using the given function, we substitute c(x) = 114 and solve for x:

114 =90 + 12x

Subtract 90 from both sides:

24=12x

Divide both sides by 12:

2=x

So you have ordered 2 additional premium channels.

5 0
3 years ago
(-2+4i)+(3-9i)<br> Pls i need this today
kumpel [21]

Answer:

1 - 5i

Step-by-step explanation:

(-2 + 4i) + ( 3 -9i) = -2 + 4i + 3 - 9i

                          = -2 + 3 + 4i - 9i

                           = 1 - 5i

7 0
3 years ago
Read 2 more answers
Add the two expressions.<br><br> 3z−4 and 2z + 5<br><br> Enter your answer in the box.
Ainat [17]

Answer:

5z+1

Step-by-step explanation:

(3z-4)+(2z+5)

3z-4+2z+5

3z+2z-4+5

5z-4+5

5z+1

6 0
3 years ago
Read 2 more answers
There are 12 eggs in 1 dozen eggs.
spin [16.1K]

Answer:

2 dozen eggs are 24 eggs

8 0
3 years ago
Read 2 more answers
Other questions:
  • How to write seventeen thousand and one hundred six thousandths in standard form
    9·2 answers
  • Witch is bigger-3.71 or -3.7
    15·2 answers
  • F(x) = -(x+2)(x-4) use the equation to find f(4)​
    11·1 answer
  • What is the solution to this expression?
    9·1 answer
  • Can you create a verbal situation for y=x+5
    10·1 answer
  • Which equations are correct? Select each correct answer.
    6·1 answer
  • Could anyone give me some quick help with this?
    10·1 answer
  • Alice sells slices of pie and cheesecake at her bakery, for $3.90 per slice. During the lunch rush, she sold all of the slices f
    15·1 answer
  • Find the exact value of sin 15 degrees
    12·1 answer
  • Chris lost $8.59 playing poker in one week. If this continued, what would be his net
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!