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Anna007 [38]
4 years ago
6

In making decisions about what to consume, a person's goal is toA) allocate her limited income among all the products she wishes

to buy so that she receives the highest total utility.B) buy low-priced goods rather than high-priced goods.C) maximize her marginal utility from the goods and services she wishes to buy using her limited income.D) consume as many necessities as possible and then, if there is money left over, to buy luxuries.
Business
1 answer:
elena55 [62]4 years ago
7 0

Answer: Option (C) is correct.

Explanation:

While making decisions about the consumption, a person wishes to maximize their marginal utility drive from every unit rather than total utility.

Marginal utility refers to the satisfaction that a consumer can get from the consumption of one additional unit of goods and services.

So, consumer wants to maximize marginal utility from the products that he/she is buying with the limited level of income. They want to utilize their limited income in a best possible manner.

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Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.

<h3>What is the cost of producing the switches?</h3>

This can be found as:

= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent

= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)

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If they bought the switches at $36, they would cost:

= 36 x 5,000

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Its cheaper to buy by:

= 205,900 - 180,000

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Find out more on total costs computation at brainly.com/question/5168855.

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Answer:

A. Money Market checking account

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Such accounts provide debit card and checks and allow a certain number of withdrawals every month. The rate of interest offered under these accounts is usually higher than the ordinary savings account.

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It is noteworthy that all other options specified are not as liquid as money market checking account since, those alternatives either require considerable time in redeeming and selling or do not provide immediate access to funds.

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