1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
evablogger [386]
3 years ago
8

Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 10 utils and the

price is $5. He also tries a new product (Y) and the marginal utility of the last unit he consumes is 8 utils and the price is $1. The equal marginal principle suggests that Oscar shoulda. increase his consumption of product X and increase his consumption of product Y.b. increase his consumption of product X and decrease his consumption of product Y.c. increase his consumption of product Y and decrease his consumption of product X.d. decrease his consumption of product Y and decrease his consumption of product X.
Business
1 answer:
Dmitry [639]3 years ago
5 0

Answer:

The answer is: C) Increase his consumption of product Y and decrease his consumption of product X.

Explanation:

The equi-marginal utility principle states that a consumer will spend his money buying different goods that provide him or her the maximum possible satisfaction.

In Oscar's case, each extra unit of product X delivers 10 units of satisfaction, but product X costs $5. Instead he should buy product Y, which costs $1, and gives him 8 units of satisfaction. By consuming product Y, Oscar is getting 8 units of satisfaction per dollar spent, while he only gets 2 unit of satisfaction per dollar spent with product X.

You might be interested in
Sonoma county passed a law making it legal to drive 65 mph on freeways inside the county. A state law limited all vehicles in th
Julli [10]

Answer:

70mph

Explanation:

5 0
2 years ago
In the marketplace, there are different types of fundamental drivers of social media engagement. The Wheel of Social Media Engag
olganol [36]

Answer: True

Explanation:

Social media engagement refers to the measurement of likes, comments, and shares. It should be noted that the greatest measure of social media success is simply the engagement of the audience.

It is vital for marketers to recognise how important engaging customers is. It should be noted that social media engagement and s a important and profitable way to engage ones customers as their current behavior can be taken into account and this is then used for making future references and behavior.

8 0
3 years ago
What are sales transactions posted to the accounts receivable subsidiary ledger? Why?
Eduardwww [97]

Answer: Transactions and Payment History.

Explanation:

The general ledger records the transactions and payment history of each customer to whom the business provides credit. The balance in each client account is periodically adjusted to the stability of accounts receivable in the general ledger, to ensure accuracy. It also provides details of these sales, showing dates and account numbers, credit, payments made against credit sales, discounts and refunds and fees.

8 0
3 years ago
After surviving an ischemic stroke, a 79-year-old male has demonstrated significant changes in his emotional behavior, with his
zepelin [54]

Answer: Option (D)

Explanation:

The individual has shown significant alteration in his emotional attitude, he has been going through mood swings. Therefore his immediate response is empathy , anger and sadness. This when analyzed by his care team , they would most likely attribute such changes to ischemic alteration in elements of the individual's limbic system. Since the limbic system controls the rudimentary emotions such as fear, anger and pleasure.

4 0
2 years ago
Nirav, Samantha, and Nev want to incorporate their small skateboard business. To do so, they must file legal documents with the
Sophie [7]

Based on the fact that the legal documents in question are to be used to incorporate the skateboard business, these are<u> Articles of Incorporation. </u>

<h3>What are Articles of Incorporation?</h3>

When a company needs to be created and registered with the government, it will need to supply certain documents that lead to its creation.

These are the Articles of Incorporation which serve as proof that a company has been registered / incorporated in a certain state.

Find out more on Articles of Incorporation at brainly.com/question/1198900.

5 0
1 year ago
Other questions:
  • On January 1, 2013, Deuce Inc. acquired 15% of Wiz Co.'s outstanding common stock for $62,400 and categorized the investment as
    9·1 answer
  • When a nation is under-allocating resources to the production of a good, then the:_________.
    8·1 answer
  • Which of the following is an incorrect way to avoid struck-by rolling hazards?
    12·2 answers
  • A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
    11·1 answer
  • Some reasons that counselors may not be interested in working with older adults are ________.
    8·1 answer
  • The common stock of Detroit Engines has a beta of 1.34 and a standard deviation of 11.4 percent. The market rate of return is 11
    13·1 answer
  • People decide to save 20 percent of their incomes. The value of the marginal propensity to consume is ________ and the value of
    5·1 answer
  • Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples an
    13·1 answer
  • Golf Digest Companies marketing research department used focus groups, consumer diaries, purchase protocols and in-depth intervi
    9·1 answer
  • La Tortilla is the only producer of tortillas in Santa Teresa. The firm produces 10,000 tortillas each day and has the capacity
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!