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irina1246 [14]
4 years ago
8

In spending all his income on beer and pizza, Fred finds that the marginal utility of the last pizza he consumed is 8, and the m

arginal utility of the last bottle of beer is 4. The price of a bottle of beer is $1.50. If Fred has maximized his utility, the price of pizza must be:________.
A. S0.75
B. $1.00
C. $3.00
D. $4.50 98.
Business
2 answers:
bagirrra123 [75]4 years ago
6 0

Answer:

C) $3.00

Explanation:

since Fred has been able to maximize his utility by consuming both pizza and beer, the marginal utility per dollar of pizza and beer must be equal.

The price of a bottle of beer is $1.50 and Fred obtains 4 utils from consuming it. If the marginal utility of pizza is 8 units, it is equivalent to 2 beers. So the price of pizza must equal $1.50 x 2 = $3

maksim [4K]4 years ago
6 0

Answer:

C) $3.00

Explanation:

Utility Maximization can be mathematically illustrated as Marginal Utility of product X ÷ price of product X = Marginal Utility of product Y ÷ price of product Y. Utility maximization involves maximizing utility according to one's income. Here, the products are beer and pizza. The marginal utility of pizza is 8 and its price is unknown which we will assume as "a" while the marginal utility of beer is 4 and its price is $1.50. Using our formula, we replaced the words with figures hence, 4 ÷ $1.50 = 8 ÷ a. We crossmultiply the figures are left with 4a = $12.00. A is then, $1.200 ÷ 4 = $3.00. Therefore, the price of pizza is $3.00

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The basis for the resistance to change mounted by Stella and Dani includes <u>E. Different perceptions</u>.

<h3>What causes resistance to changes?</h3>

Some of the reasons that employees resist adapting to the workplace changes and prefer clinging to the pre-existing customs and methods are mostly due to:

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<h3>Answer Options:</h3>

A. Feelings of loss

B. Lack of participation

C. Risk propensity

D. Threatened self-interests

E. Different perceptions

Thus, the basis for the resistance to change mounted by Stella and Dani includes <u>E. Different perceptions</u>.

Learn more about resistance to change at brainly.com/question/25997303

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True or False a lateral electrical is run from a pole to a dwelling.
Elodia [21]
The correct answer would be False
5 0
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torisob [31]

Answer:

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Explanation:

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Investing activities: Cash used for investing in assets like securities, bonds, equipment, or proceeds from these assets.

Financing activities: Cash generated from loan and/or payments made to reduce loan balances

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IRISSAK [1]

Answer:

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Explanation:

There have been several studies about human evolution as a species. It is inevitable to relate this topic to the prominent findings of Charles Darwin (1809-1882) in his book "<em>On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life</em>" or simply known as the <em>Origin of species</em>. Mainly, Darwin sustained that, in general, <em>species' evolution happens thanks to environmental adaptations that are transmitted from one generation of a species to another in their genetics.</em>

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3 years ago
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
igomit [66]

Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

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