Complete question :
If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
Number of apples ____total utility
2__________________130
3__________________180
4__________________220
5__________________250
6__________________270
7__________________280
Answer:
60
Explanation:
The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.
Hence, the marginal utility of the fifth apple equals :
Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)
= (250 - 220) = 30
Hence, marginal utility per dollar :
Marginal utility / price per apple
Price per apple = $0.5
Marginal utility of 5th apple = 30
Therefore,
30 / 0.5
= 60
Answer:
Poor infrastructure that results in services that fall short of being adequate.
Famine often caused by bad crops or unfavorable weather conditions.
Lack of adequate medical care.
High levels of long-term unemployment.
Extreme poverty and lack of socio-economic upward mobility.
Take the average of the vectors degrees. So 112.5 degrees is the direction of the resultant.
Https://www.ecclesia.org/truth/covenants.html
Answer:
false
Explanation:
