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Licemer1 [7]
3 years ago
7

Assume a consumer has maximized her utility by buying two products: cupcakes and cheese. Her marginal utility for the last cupca

ke is 30. If the price of cupcakes is $3 and the price of cheese is $5, how much is her marginal utility for her last unit of cheese?
Business
1 answer:
ale4655 [162]3 years ago
8 0

Answer:

50

Explanation:

In maximizing utilty the ratio of marginal utilities of both goods, which is called the Marginal Rate of Substitution (MRS), must be equal to the prices ratio.

Here, the ratio of prices (cupcakes over cheese) is 3/5. So, the MRS (marginal utility of cupcakes (Ucc) over marginal utility of cheese(Uch))) must be 3/5.

As Ucc=30, then 30/Uch = 3/5. So, Uch = 50.

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Before lean approaches could be implemented successfully, many North American companies needed to make which changes
qwelly [4]

Answer:

C. Cultural and organizational changes

Explanation:

The many northern american companies required to make the cultural and organization changes prior to the approaches i.e. lean that implemented successfully as if we bring the changes like cultural and organizational one so it would become very challenging task

Therefore as per the given situation the option c is correct

And, the rest of the options are wrong

7 0
3 years ago
How has Chinese economic growth benefited the Australian economy?
Radda [10]

Answer:

First, rising wages and consumer demand will increase demand for more sophisticated manufactured goods (where Australia has some niches of excellence, for example, in medical devices) and for services such as tourism (where China is already an important market).

( I found this on a website called Aph.gov.au

full credit to them and their work. Check them out for more info on your topic)

8 0
4 years ago
which of the businesses below uses a periodic inventory method? a grocery store a bookstore an auto parts store an art gallery
VladimirAG [237]

An art gallery can be a type of business that uses a periodic inventory method.

<h3>What is a periodic inventory method?</h3>

It corresponds to a system used by companies to control and evaluate their stock. In this periodic system, the inventory account would be closed only after an accounting period, such as 1 month or 1 year for example.

In the periodic inventory, the stock accounts would not be updated after each sale and purchase, and the company would be able to analyze and track its stock only after the end of the stipulated accounting period.

Therefore, an art gallery would probably be a company that would use the periodic inventory system because it offers works of art that are generally unique and do not have more than one piece in stock, and sell few units per month.

Find out more about periodic inventory on:

brainly.com/question/25887081

#SPJ1

3 0
1 year ago
Due to ____, market forces should realign the relationship between the interest rate differential of two currencies and the forw
dalvyx [7]

Taxed market forces are destroying the industries

3 0
4 years ago
Completing team evaluations relies upon ____________ to be in place before the project begins.
alexandr1967 [171]
<span>Before entering the next project, a review must be in place to capture lessons that have been learned from the recent project. Management requires this to maintain quality output and further improve. A project profile is also done to document all that has transpired including costs, contracts, and customer feedbacks.  

Source: Project Management for Instructional Designers</span>
7 0
3 years ago
Read 2 more answers
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