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
Lera25 [3.4K]
4 years ago
10

The marginal utilities associated with the first 5 units of consumption of good Y are 15, 15, 10, 7, and 3, respectively. What i

s the total utility associated with those 5 units?
Business
1 answer:
julsineya [31]4 years ago
6 0

Answer:

Total utility is 50

Explanation:

Mathematically;

TU = U1+MU2+MU3+MU4+MU5

TU = Total utility

U1= utility of 1st product of good Y

MU2= Marginal utility of 2nd product of good Y.............

MU5= Marginal utility of 5th product of good Y

Solution:

TUy= 15+15+10+7+3

TUy= 50.

You might be interested in
The portfolio manager of a pension plan is well known as a fan of the local NFL football team. The branch manager of a FINRA mem
diamong [38]

Answer:

C. The branch manager to invite the portfolio manager to accompany him to a game of his choice.

4 0
4 years ago
If you discover a near zero correlation between some firefighters' aptitude test scores and their actual performance on the job,
Ann [662]
Hmm, i'm not super sure about this one can I go and research it?
4 0
3 years ago
Which of the following is a situational characteristics that influences the choice of leadership style for a supervisor?
pav-90 [236]

Answer:

The correct answer is letter "D": Interest in solving a problem.

Explanation:

Situational leadership is exercised by managers when they need to adapt their method of working to the current situation their companies are facing. The key point is to get to the solution of the problem. Thus, the leader does not wait for the subordinates to adapt to his or her leadership style but is the leader who proactively takes a step towards a change.

3 0
4 years ago
Jules & Associates had the following information available related to revenues and expenses for the current period: Services
LiRa [457]

Answer:

Net income in cash = -$17,000

Net income of accounting= $ 198,000

Explanation:

 $123,000 service provided for cash

-$140,000 Expenses paid in Cash

= -$17,000 Net income in cash

$240,000  Services provided on account

-$42,000  Expenses on account

=$198.000 Net Income of accounting

5 0
3 years ago
Suppose consumers only hold checkable deposits. The demand for money for transactions by consumers is equal to Y*(0.3 - i), wher
Ksenya-84 [330]

Answer: 17.5%

Explanation:

The equilibrium will occur where the money demanded equals to the money supplied i.e Ms = Md

From the question, the supply of currency by the Central Bank = 40

Money Supply (Ms) = m × B

where m = Money multiplier = 2.5

Note that the money multiplier can also be equal to 1/rr in situations wherebt the consumers do not hold any currency.

rr = reserve ratio, = 0.4

B = monetary base = 40

Note that the monetary base here is 40.

Since reserve ratio = 0.4, therefore

m = 1/0.4 = 2.5

Therefore, Ms = m × B

= 2.5 × 40

= 100

Thus Money supply Ms = 100.

Money demand(Md) = Y(0.3 - i),

Y = income = 800

i = interest rate

Since (Md) = Y(0.3 - i),

Md = 800(0.3 - i)

Equate the equation for the money demand and money supply together.

Ms = Md

100 = 800(0.3 - i)

100 = 240 - 800i

800i = 240 - 100

800i = 140

i = 140/800

i= 0.175

= 17.5%

Therefore, the interest rate is 17.5%

5 0
3 years ago
Other questions:
  • Hjhbcdssjcfgjngxchuf CX xy
    7·1 answer
  • Technician A says that many oil pumps are driven directly off the front of the crankshaft. Technician B says that others are dri
    6·1 answer
  • Money managers:
    7·1 answer
  • The marginal cost curve crosses the average total cost curve at a. The efficient scale. b. The minimum point on the average tota
    8·1 answer
  • The ""Relevant Skills and Accomplishments"" section is typically included only in ______________ resumes.
    10·1 answer
  • In the social consumer decision journey, which of the following objectives involves the marketer being aware of what is being sa
    13·1 answer
  • ليش اخذنه ربعين احنه عدنه ثلاث ارباع
    8·2 answers
  • A claim that is sent for reimbursement that contains all the required data elements to process the claim is referred to as a:
    7·1 answer
  • The FDA cannot control the content of celebrity Tweets on prescription drugs.
    5·1 answer
  • Question 4(Multiple Choice Worth 4 points)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!