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Liula [17]
3 years ago
5

Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She

buys 8 units of Alpha and 12 units of Beta. The marginal utility of Alpha is 40 and the marginal utility of Beta is 20. This indicates that:_______.
A. Ellie should make no change in consumption
B. Given another dollar, Ellie should buy an additional unit of Beta
C. In order to maximize utility, Ellie should buy more of Beta and less of Alpha
D. In order to maximize utility, Ellie should buy more of Alpha and less of Beta
Business
1 answer:
alexira [117]3 years ago
8 0

Answer:

D.

Explanation:

Marginal Utility puts a numerical value on the amount of satisfaction that a consumer gets from buying an additional unit of a product or service. Therefore based on this information it can be said that the information provided in the question indicates that in order to maximize utility, Ellie should buy more of Alpha and less of Beta, mainly due to the fact that the marginal cost of Alpha is double that of Beta and both cost the same price.

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Answer:

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3 years ago
Following are interest rates (annual percentage rates) for a 30-year-fixed-rate mortgage from a sample of lenders in a certain c
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Hey There!:

Sample Mean = 4.4823

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Standard Error (SE) = SD/root(n) = 0.0703

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t(a/2, n-1 ) =  3.7074

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99% confidence interval is given by:

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5 0
3 years ago
It is estimated the national cost of overweight and obesity combined each year is:________
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It is estimated the national cost of overweight and obesity combined each year is <u>113 billion dollars</u>

<u></u>

<h3>What are Obesity and overweight?</h3>

According to the definition of obesity and overweight in the United States, these conditions are characterized by an increase in the size and number of fat cells in the body. Many things contribute to becoming overweight or obese, including habits including eating habits, lack of sleep or exercise, some medications, genetics, and family history.

Obesity is a long-term medical condition that increases the risk of heart disease, the number one killer in the US, and is associated with a wide range of other health issues, for example type 2 diabetes and cancer.

In the US, about a third of adults (20 and older) are either overweight or obese. Between the ages of 2 and 19, over 1 in 5 kids and teens are obese.

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zhannawk [14.2K]

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