Answer:
pat should drive if saving half an hour is worth $0.50 or more
Explanation:
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal cost of taking the bus = 1 / 2 = 0.50
Marginal utility is the additional utility derived from consuming one more unit of a good
Marginal utility per good = marginal utility / price of the good
Pat should take the action that would yield him the highest utility given the marginal cost
So,pat should drive if saving half an hour is worth $0.50 or more
Answer:
Total revenue rises immedately after the fare increase, since demand over the immediate period is price Inelastic.
Explanation:
Elasticity in the price demand measures the porcentage in the change of the quantity demanded as a response to a change in the price. If the elasticity is more than 0 but less than 1 it means that the price demand is inelastic. So when the price is rised the quantity demand will decrease in a minor porcentage than the rise in the price so it will represent a bigger revenue.
The function that is best suited in handling the task that
will help you in seeking the information needed such as the total sales
generated in January is the SUMIFS. This function will help in summing the
values in the cells base on the dates or numbers provided.
<span>The defendant seeks to offer into
evidence the fact that the mayor was convicted two years ago of taking a bribe
to award a city contract for solid waste disposal. Yes, this is a documentary evidence
and is admissible because the mayor is already proven convicted of corruption.</span>