1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
julia-pushkina [17]
3 years ago
11

Which of the following is an assumption of the decision-making process followed by consumers to maximize utility? rev: 04_09_201

8 Multiple Choice The consumer oftentimes is not sure about her preferences. Marginal utility always increases as more units of a good are consumed. The consumer’s income increases as prices of goods increase. The consumer considers the prices of the products.
Business
1 answer:
kari74 [83]3 years ago
7 0

Answer:

The correct answer is: The consumer considers the prices of the products.

Explanation:

When taking the decision regarding how to maximize utility the consumers will consider the prices of the products. The consumer will be able to maximize utility at the point where the marginal utility of money spent on each commodity is equal.

We can represent it as,

\frac{MU\ of\ good\ A}{Price\ of\ good\ A} = \frac{MU\ of\ good\ B}{Price\ of\ good\ B}

You might be interested in
1.2 Which of the following is not a nominal account?
bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0
3 years ago
Some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obta
Norma-Jean [14]

Answer:

Masters

Explanation:

A Bachelor's degree refers to an academic degree (certificate) awarded to a student by a tertiary institution (university or college) after the completion of his or her educational programme. Bachelor's degree is generally being referred to as first degree because it is the first certification to be acquired by an undergraduate student after the completion of his or her course of study. Mostly, a bachelor’s degree program lasts for four (4) years and in some cases it is typically for five (5) years.

The second (next) degree a graduate obtains after the acquisition of a first degree (bachelor degree) is the master's degree. The advantage of a master degree is that, it can be obtained in a different academic field such as science, engineering, education etc.

Hence, some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obtain a masters in a different degree like marketing.

5 0
2 years ago
Read 2 more answers
1-Elmer invested, P250,000- cash in his new business.<br> analysis <br> debit is - <br> credit is -
castortr0y [4]

Answer:

debit is P250,000

credit is 0

Explanation:

hope it helps:)

4 0
2 years ago
Management career skills include managing _____.
Svetllana [295]

Answer:

the correct answer is finances

3 0
3 years ago
In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumption, $40 billio
Masteriza [31]

Answer:

The correct answer is A. increase tax rates and/or reduce government spending.

Explanation:

Increasing the tax burden is an easy way for the state to increase its income temporarily and subject matter, but it turns out that increasing the tax burden affects productivity and consumption, so in the end the income of the productive sector is diminished, and more taxes on a lower taxable base does not imply increasing revenues.

When a government decides to reduce public spending for a fiscal balance, it is limited to reducing the social assistance and social security, but not to reduce the bureaucratic apparatus that curiously is usually high in countries with economic crisis, and also Be a source of corruption corruption.

7 0
3 years ago
Other questions:
  • Eastman Kodak reported that the cost of its PPE on December 31, 2010 was $6,805 million. On January 1, 2010, it had been $7,327
    8·1 answer
  • What are the 5 types of insurance
    8·1 answer
  • How does the federal government spend its income?
    11·1 answer
  • Over the years, O'Brien Corporation's stockholders have provided $20,000,000 of capital, when they purchased new issues of stock
    12·1 answer
  • _____ _____ is a way to see if your product is meeting the needs of your customers.
    12·1 answer
  • Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of materi
    12·2 answers
  • Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analy
    12·1 answer
  • Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the
    6·1 answer
  • Which statement best explains the law of demand?
    10·2 answers
  • As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!