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Nikolay [14]
3 years ago
11

In May and June, Tammy spent all her clothing budget on bathing suits and beach bags. Each bathing suit cost $75. At Tammy’s opt

imal choice, her marginal utility from the last bathing suit purchased is 300 and her marginal utility from the last beach bag purchased is 200. This means that each handbag must cost:
$25

$100

$50
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

Each handbag must cost: $50

Explanation:

Goods :

Bathing suits – Price = $75

Beach bags – Price = ?

At the optimal choice (means equilibrium condition) ,

Marginal utility of last bathing suit purchased = 300

Marginal utility of last beach bag purchased = 200

Our equilibrium condition is marginal utility of money expenditure of both the goods must be equal.

MU of Bathing suits ÷ Price of Bathing suits = MU of Beach bags ÷ Price of Beach bags

300 ÷ $75 = 200 ÷ Price of Beach bags

4 = 200 ÷ Price of Beach bags

Price of Beach bags = 200 ÷4

                                  = $50

Each handbag must cost: $50

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You run a stop sign and hit another vehicle. Which type of insurance will pay for the repair of your vehicle
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This is further explained below.

<h3>What is collision insurance?</h3>

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2 years ago
The U.S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to
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Answer:

15 ounces.

Explanation:

The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.

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Zoe would like to be able to save for night courses at the local college. Which of these would be a good way for Zoe to make mor
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Answer:

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There are some expenses that you can lower that will not radically affect your lifestyle while other expenses should be more important.

For example, you shouldn't try to save money by eating less or going to live in an ugly place where you pay a very small rent.

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