Answer:
The correct answer is option B.
Explanation:
Cathy spends all of her income on 20 units of good X and 25 units of good Y.
Cathy's marginal utility from the 20th unit of good X is 9 utils, and her marginal utility from the 25th unit of good Y is 17 utils.
The price of good X is $0.50 per unit and the price of good Y is $1.00 per unit.
The total utility from consumption of both the goods will be maximized when the ratio of the marginal utility derived and price of the good is equal for both the goods.
The ratio for good X
=
= 18
The ratio for good Y
=
= 17
Since the ratio is greater for good X, it means that Cathy should consume less of good X and more of good Y to increase total utility.
The market segment that is the focus of a firm’s marketing plan is the market mix
<h3>What is marketing plan?</h3>
Markets plan includes all activity that is involved in achieving a certainly goal as regarding market.
marketing mix contains a market plan as it include all actions in marketing a product.
Therefore, The market segment that is the focus of a firm’s marketing plan is the market mix
Learn more on marketing plan below
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Answer:
3 Sales people
Explanation:
The calculation of total cost per shift is shown below:-
1st sales 2nd sales 3rd sales 4th sales
person person person person
Average Waiting
Time 10 minutes 6 minutes 3 minutes 2 minutes
Total waiting
Cost $720 $432 $216 $144
(72 × $1 × 10) (72 × $1 × 6) (72 × $1 × 3) (72 × $1 × 2)
Add: Total labor
Cost 80 $160 $240 $320
($80 × 1) ($80 × 2) ($80 × 3) ($80 × 4)
Total cost $800 $592 $456 $464
Thus, 3 servers have the lowest cost, so that the overall cost per change with 3 Sales people is chosen.
Answer:
Investment trading
Explanation:
Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.
Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.
I
<span>above equilibrium.
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