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pshichka [43]
3 years ago
9

You go to an all-you-can-eat buffet. Once you pay the price to enter the buffet, you can fill your plate as much as you want at

no additional cost. If you maximize utility, the marginal utility of the last bite that you eat will be _______
Business
1 answer:
Snowcat [4.5K]3 years ago
3 0

Answer:

<u>Zero</u>

Explanation:

Marginal utility refers to the extra satisfaction derived, which is expressed in utils, when an additional unit of a commodity is consumed.

Total utility reaches it's maximum point when marginal utility is zero. As total utility begins to fall, the marginal utility becomes negative.

Alfred Marshall cited the law of diminishing marginal utility, which states, as more and more units of a commodity are consumed, the successive utility derived must fall.

In the given case, if utility is maximized, the marginal utility derived from the last bite eaten would be zero.

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Net present value: Select one: is the best method of analyzing mutually exclusive projects. is less useful than the internal rat
Leto [7]

Answer:

Is the best method of analyzing mutually exclusive projects.

Explanation:

Net present value is equal to the present value of all the future cash flows of a project, less the initial outlay of project.

Net present value analysis simply concluded about a project to be worth doing when it finds the present value of future cash flows greater than the initial investment and vice versa.

We just have to see which is higher, the present value of future cash flows or the initial investment.

It is assumed that an investment with a positive NPV will be profitable, and an investment with a negative NPV will result in a net loss.

3 0
3 years ago
A metallurgist has one alloy containing 26%26% copper and another containing 69%69% copper. How many pounds of each alloy must h
Brilliant_brown [7]

Answer:

Ans. He must use 2,987.76 pounds of alloy X (Cu=69%) and 2,365.24 pounds of alloy Y (26%=Cu)

Explanation:

Hi, let´s call alloy X the alloy that contains 69% of Cu and alloy Y the one containing 26% of Cu. Since he needs to produce 5,353 pounds of alloy, the first equation that we need to use is the following.

X+Y=5,353

Now, we need this 5,353 pounds of the new alloy to be 50% Cu, therefore, we have to use a portion of alloy X and alloy Y. This is as follows.

0.69X+0.26Y=0.5(X+Y)

And we have already established that X+Y is equal to 5,353, therefore this equation should look like this.

0.69X+0.26Y=5,353*0.5

0.69X+0.26Y=2,676.5

And we solve for X this equation, this as follows.

0.69X=2,676.5-0.26Y

X=\frac{2,676.5-0.26Y}{0.69}

X=3,878.98-0.3768Y

Now, we use this result and substitute this for X in the first equation like this.

3,878.98-0.3768Y+Y=5,353

and then, we solve for Y

0.6232Y=5,353-3,878.98

Y=\frac{1,474.02}{0.6232} =2,365.24

So, he needs to use 2,365.24 pounds of alloy that contains 26% of Cu, this means that the rest (2,987.76 pounds) must come from the alloy that contains 69% of Cu.

We can check this result by finding the overall Cu obtained by this amounts of alloy, that is

Coppper FromX=2,987.76*0.69=2,061.55

Coppper FromY=2,365.24*0.26=614.96

That adds up to 2,676.51 pounds of pure Cu, and since the total weight of the new alloy is 5,353, this amount of copper makes up for:

PercentCu=\frac{2,676.51}{5,353} =0.5

50% of the total weight.

Best of luck.

7 0
3 years ago
You are depositing $1,234 in a saving account now and two years from now you deposit another $2,345 into the same savings accoun
Softa [21]

Answer:

4,494.68

Explanation:

Formula

Fc = Ic (1+i) ^ n

Where;

Fc= Final Capital

Ic= Inicial Capital

i= interest rate

n= period

In this particular case:

Fc = 1234 (1+0.034556) ^ 8 + 2345 (1+0.03456) ^ 6

Fc = 4,494.68

4 0
3 years ago
Lakers Company produces two products. The following information is available: Product X Product Y Selling price per unit $46 $36
never [62]

Answer:

A) Contribution margin : Product X: $8; Product Y: $12

B)The expected net income: $18,000

C) Break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) Break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

Explanation:

A) Contribution margin for each product:

Product X = Selling price of X - Variable cost of X = 46 - 38 = $8

Product Y = Selling price of Y - Variable cost of Y = 36 - 24 = $12

B) The expected net income:

Expected net income = Contribution margin of product X x Units of Product X sold + Contribution margin of product Y x Units of Product Y sold  - Fixed cost = 8 x 21,000 + 12 x 7,000 - 234,000 = $18,000

C) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 1 unit of Product Y:

Denote a is the number of Y BEP (in units) => 3a is the number of X in BEP (in units)

We have 3a x 8 + a x 12 = 234,000 <=> 36a = 234,000 <=> a = $6,500 <=> 3a = 19,500

Thus,  break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 2 units of Product Y:

Denote b is the number of Y BEP (in units) => 3b/2 is the number of X in BEP (in units)

We have 3b/2 x 8 + b x 12 = 234,000 <=> 24b = 234,000 <=> b = $9,750 <=> 3b/2 = 14,625

Thus,  break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

3 0
3 years ago
A trade deficit is determined by measuring the difference between a nation’s ________ and its ________.
Brrunno [24]

<span>After thorough researching, a trade deficit is determined by measuring the difference between a nation’s inflation rate and its unemployment rate. The correct answer to the following given statement or question above is with the letter E which is the inflation rate and unemployment rate.</span>

8 0
3 years ago
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