Answer:
Yes, the Astrid maximizing her utility
Explanation:
Given that
Utils for the last quart = 30
Per quart = $3
Honey price = $0.75
Utils of Last jar = 7.5
The calculation of maximum utility is given below:-
Per dollar utility gained by milk
= 30 ÷ 3
= 10 utils
Milk utility for $0.75
= 30 ÷ 3 × $0.75
= 7.5 utils
Therefore from the last quart the utility was same and the dollars was spent in last jar. So, Astrid can maximizing her utility.
Answer:
Juanita should purchase the skirt at her local store because the total economic cost will be lowest
Explanation:
three options:
- local store 15 minutes away and a price of $104
- across town 30 minutes away and a price of $88
- neighboring city 1 hour away and a price of $63
Juanita makes $42 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
- local store = $104 + [1/4 hours x 2 (round trip) x $42] = $125
- across town = $88 + [1/2 hours x 2 (round trip) x $42] = $130
- neighboring city = $63 + [1 hour x 2 (round trip) x $42] = $147
Juanita should purchase the skirt at her local store because the total economic cost will be lowest ($125)
People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.
Answer:
past experience is a good guide for decision making, but so is information related to possible future outcomes.
Explanation:
The rational expectations theory refer to a concept and modeling technique that is applied widely in macroeconomics. In this the individual depend their decision on three main factors i.e. human rationality, available information and the past experience
As per the rational expectations theory the future should always be taken in expectation with regard to the decisions and it is vital for the same.
So as per the given situation, the above should be the answer
He starts to slowly realize what he's done and slip into madness and depression. He starts understanding how much evil he's committed and it doesn't suit him, and it all climaxes when he discovers who the man not born of a woman is and how the forest is moving.
