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Tamiku [17]
3 years ago
14

A buyer has $20 to spend on rice and beans. Rice costs $2 and beans cost $3 per pound. The buyer is buying the combination of 4

pounds of rice and 4 pounds of beans. At this combination, her marginal benefit from rice is $14 and her marginal benefit from beans is $18. This buyer should ________. a. buy less beans and more rice b. buy more rice and less beans c. buy more of both rice and beans d. not change his consumption
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer: Buy more of both rice and beans

             

Explanation: Marginal benefit refers to the additional benefit that a customer get by consuming one additional unit of a commodity.

In the given case, the marginal benefit for the customer is positive for both of the goods.  Also if he chooses to but one more unit of anything in place of other than he will not able to use his budget properly.

Thus, from the above we can conclude that the correct option is C.

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"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
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The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

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3 years ago
Which of the following is not part of the marketing, sales, and service cluster?
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4 years ago
Read 2 more answers
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d. $44,161

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