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Alinara [238K]
3 years ago
15

Assume Jack is a rational person and has reached the point where the marginal benefit of eating the 8th Krystal burger this week

is 30 utility points:___________.
Business
1 answer:
REY [17]3 years ago
5 0

Answer:

<u>Per additional unit of kystal burger</u>

Explanation:

Remember marginal utility is the additional satisfaction derived from consuming more of a product. A rational person (intelligent) may be defined as someone who uses clear thought and reasoning to make decisions.

However, there's a law called the law of diminishing marginal utility which states that at a particular point, Jack's marginal utility from additional consumption of Krystal burger will begin to decrease.

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BabaBlast [244]

Answer:

$9583.89

Explanation:

value of each payment (P): $2,100

interest rate per period (r): 12/100 = 0.12

number or periods (n): 7

present value of annuity (PV): ??

using the annuity formula: PV = P * \frac{1 - (1 + r )^{-n} }{r}

PV  =  $9583.89

7 0
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Supply chain management refers to Question 13 options: A) how the firm compensates the employees who work on the firm's internal
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Answer:

C

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Grocers in neighborhoods with a large Hispanic population typically carry more brands that Hispanic consumers prefer than grocer
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Answer:

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