Answer: Another reason people might travel is maybe for a vacation or get away or people also might travel for their work.
Explanation:
Answer:
Yes.
Explanation:
Given that,
Price of low-quality apples = $1 per pound
Price of high-quality apples = $4 per pound
Marginal utility of low-quality apples = 3 utils
Marginal utility of high-quality apples = 12 utils
Equimarginal:
(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)
(3 utils ÷ $1) = (12 utils ÷ $4)
3 = 3
Yes, Timmy is maximizing his utility as his equimarginal utility is same for both the goods as shown above.
Answer: Sensory sorts
Explanation:
Sensory Sort is claimed to be easy for assessors to do out as what the brains do naturally. The techniques require every sample to be presented and evaluated at one time, hence, memory and sensory fatigue have a major influence, especially if flavour and aroma assessment are required.
The effectiveness of sensory sorting is measured by the recovering of the sensory space gotten by descriptive sensory profiling. In sensory sorts, the participants may be given cards consisting of various textures, sounds and scents and told to arrange using a specified criteria.
Answer:
C. Public goods must be provided to secure a high standard of living.
Explanation:
Public goods refer to commodity or service that cannot be avoided by individuals and is unprofitable to be produced and sold by firms. The government is the sole provider of such services. For example roads and security are better provided by government.