Answer:
INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger
Explanation:
Based on the information given we were told that Bill uses his whole budget to purchase the following :
5 cans of Pepsi
3 Hamburgers per week
And the following were the price:
Pepsi costs $1 per can
Hamburger cost $2
Bill marginal utility:
Pepsi 4
Hamburgers 6
Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.
Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.
Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.
Answer:
Yes because Janine cannot void the contract
Around <span>+$2 billion. would be the answer!</span>
Answer:
a. continue with the project provided that the additional solar electricity is worth more than $10 million.
Explanation:
It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.
Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.
Therefore, such cost is ignored.
Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,
Rational choice will be for solar electricity worth $10 million.
Therefore, correct statement is
a. continue with the project provided that the additional solar electricity is worth more than $10 million.
The behavior of the United States to block China's chip research was to encourage its industries to develop theirs.
<h3>What led to U.S. decision?</h3>
Aftermath of the ban of United states platform in China has led to numerous backlashes from the U.S. authorities as well.
For instance, there have been strict restriction on imported goods from China into the United states.
Hence, the behavior of the United States to block China's chip research was to encourage its industries to develop theirs.
Read more about chip research
<em>brainly.com/question/5154911</em>
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