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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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Which of the following is a style trend?
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As the economy declines into recession, the collection of personal income tax revenues automatically falls. this phenomenon best
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This phenomenon best illustrates how a progressive income-tax system serves as an automatic stabilizer for the economy.

<h3>What is an automatic stabilizer?</h3>

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2 years ago
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Full Question:

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A) Tell his superiors as soon as he has decided whether or not to accept the offer.

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D) If he decides to reject the offer, remove himself permanently from the engagement.

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