The Utility Maximization rule states that as long as one good provides more utility per dollar than another, the consumer will buy more of that good.Marginal utility is t<span>he extra utility a consumer obtains from the consumption of one additional unit of a good or service. So, in our case the additional unit can be cherry or date. MUc is the marginal utility of cherry and MUd is the marginal utility of date:
MUc=2*MUd
The price of the cherries is Pc and of the dates Pd: Pc=2*Pd.
According the utility maximization: MUc/Pc=MUd/Pd
2*MUd/2*Pd=MUd/Pd
So, yes the </span><span>consumer is maximizing utility. </span>
Answer:
Yes that is true because revenue= price multiply by quantity so if price increases then revenue will increase. the total revenue for sellers will be greater in elastic curves because the quantity supplied is increased by a larger amount than the increase in price and they wil earn more revenue and vice versa will inelastic supply curve.
D: It is both a short run and long run decision.
Explanation:
Whether its a short run or long run decision, it is determined by when the benefit will accrue to the entity.
Thus employing 5 more workers in the short run is going to help the entity whiles in the long run also they are going to be a developed staff which will benefit the entity in the long run.
#learnwithbrainly
Answer:
c. $50,000.
Explanation:
Depreciation: The depreciation is a non-cash expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement.
The computation of the depreciation expense under the straight line method is shown below:
= (Original cost - expected salvage value) ÷ (estimated life of the equipment)
= ($360,000 - $60,000) ÷ (6 years)
= ($300,000) ÷ (6 years)
= $50,000
In this method, the depreciation is same for all the remaining useful life
