Answer:
$1600
Explanation:
32,000 x .075 = 2400, and since 4000 exceeds 2400 by $1600, $1600 will be deducted
Answer:
false
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
the consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per good = marginal utility / price of the good
gasoline = 5 / 1 = 5
hamburger = 8/4 = 2
gasoline gives a higher utility per good. Thus, more of gasoline should be purchased
I think it would be people like us...