Complete question :
If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
Number of apples ____total utility
2__________________130
3__________________180
4__________________220
5__________________250
6__________________270
7__________________280
Answer:
60
Explanation:
The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.
Hence, the marginal utility of the fifth apple equals :
Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)
= (250 - 220) = 30
Hence, marginal utility per dollar :
Marginal utility / price per apple
Price per apple = $0.5
Marginal utility of 5th apple = 30
Therefore,
30 / 0.5
= 60
Answer:
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Answer:
Historians have identified several causes for the emergence of the Renaissance following the Middle Ages, such as: increased interaction between different cultures, the rediscovery of ancient Greek and Roman texts, the emergence of humanism, different artistic and technological innovations, and the impacts of conflict ...
Explanation:
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There are 2 cups in a pint, therefore to find the number of cups in 20 pints you would multiply 20 pints by 2.
20 pints = 40 cups (20 * 2)
There are 4 quarts in a gallon, so to find the number of <em>gallons </em>there are in 29 quarts you would divide 29 quarts by 4.
29 quarts = 7.25 gallons (29/4)
