Based on the number of yards of ribbon Raymond bought and the amount of ribbon used per bow, the number of complete bows that can be made is <u>23 bows. </u>
<h3>Number of Bows to be made </h3>
Each bow take 4 yards of ribbon to make. The number of complete bows to be made is:
= Number of yards available / Yards per bow
Solving gives:
= 94 / 4
= 23.5
= 23 complete bows
In conclusion, 23 complete bows can be made.
Find out more on yards per unit at brainly.com/question/5635021.
Answer:
B. The concept of utility.
Explanation:
Utility in economics refers to the amount of satisfaction that a consumer derives from consuming units of a commodity at a particular point in time.
The concept of utility is based on the assumption that the consumer is rational in the sense that he or she aims at maximising utility with limited income.
Also , marginal utility diminishes as a consumer consumes additional units of a commodity.
The correct choice is B