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
kaheart [24]
3 years ago
8

According to the inequality, the marginal utility per dollar spent on good X is less than the marginal utility per dollar spent

on good Y. According to the rule of equal marginal utility per dollar spent, what can a consumer do to increase total utility for a given budget from consumption of goods X and Y?
Business
1 answer:
polet [3.4K]3 years ago
8 0

Answer:

The answer is: Consume more good Y and less good X.

Explanation:

The marginal utility of good Y is greater than the marginal utility of good X. This means that an extra unit consumed of good Y will give the consumer a grater satisfaction than consuming an extra unit of good X. So if the consumer wants to increase his total utility (satisfaction) he should buy more units of good Y.

You might be interested in
A coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $785. The
jarptica [38.1K]

Answer:

Actual Yiel to maturity is 9.3%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 4% = $40

Selling price = P = $785

Number of payment = n = 5 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $40 + ( $1,000 - $785 ) / 5 ] / [ ( 1,000 + $785 ) / 2 ]

Yield to maturity = [ $40 + $43 ] / $892.5  = $83 /$892.5 = 0.0645 = 0.093%

3 0
3 years ago
At a price of $5, Sam buys 10 units of a product; when the price increases to $6, Sam buys 8 units. Martha says Sam's demand has
forsale [732]

Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.

<h3>What is demand?</h3>

Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time

In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.

Learn more about demand on:

brainly.com/question/1245771

5 0
2 years ago
Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert
Minchanka [31]

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

6 0
3 years ago
Why are labor unions able to negotiate effectively with companies where individual workers can't?
ra1l [238]

Answer:

Labor unions can use the power of collective bargaining and strikes to make management listen. Instead of using the power of one, easily replaced worker, the union uses the power of all workers for leverage.

Explanation:

5 0
2 years ago
Read 2 more answers
George is paid for holidays, sick days, vacation, personal days, and jury duty. these are his _____. paid leave benefits insuran
MariettaO [177]
I think the correct answer from the choices listed above is the first option. <span>George is paid for holidays, sick days, vacation, personal days, and jury duty. These are his paid leave benefits. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.
    15·1 answer
  • On Air Studios organizes its jobs by activity, such as production, marketing, accounting, and finance. On Air Studios applies __
    10·1 answer
  • The ________ theory states that firms undertake foreign direct investment when the features of a particular location combine wit
    11·2 answers
  • Earnings on pooled investments and changes in fair value of investments are allocated to the participants having an equity inter
    14·1 answer
  • The development policy based on encouraging economic growth via exports of goods and services, usually starting with light manuf
    6·1 answer
  • Armstrong Valley Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 40,000 parts is
    9·1 answer
  • BreeTek is a cybersecurity company. The company has set up offices in all the major countries in the world. Software developers
    6·1 answer
  • Enter the following transactions in the cash book of Sudhir &amp; sons
    15·1 answer
  • Will name brainleist and give 5 points and friend
    11·2 answers
  • The Berkshire Hathaway annual meeting, a famous yearly event, can be attended by any ________, which is someone who owns at leas
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!