1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
adell [148]
3 years ago
12

If a consumer purchases a combination of coffee and football tickets such that Coffee/Coffee = 20 and MU Football tickets/PFootb

all tickets = 10, to maximize utility, the consumer should by:_________
a. more coffee and more football tickets
b. less coffee and more football tickets
c. less coffee and fewer football tickets
d. more coffee and fewer football tickets
Business
1 answer:
katen-ka-za [31]3 years ago
4 0

Answer: d. more coffee and fewer football tickets

Explanation:

MU/P refers to the marginal utility gained per dollar of an alternative and rationale consumers are always expected to maximise their utility by picking alternatives that give them more utility as opposed to less.

The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.

You might be interested in
The Johnson Family is looking to buy a new house on Belmont Road. Their insurance deductible is increased by $500 if they live m
user100 [1]

Answer:

a) Absolute Value Inequality => Absolute(0 + y) < 2

b) -2 < y < 2

Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

Explanation:

<u><em>Johnson Family has to live within the range of -2 to +2 from the fire department. </em></u>

<em>a) Absolute Value Equation:</em>

Absolute(0 + y) < 2

where y represent the location of the new house and 0 represents the location of the fire department.

Furthermore,

<em>Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve. </em>

and

<em>Absolute(0+y) <2 =  -(0 + x) < 2 when (0 + y) is -ve. </em>

b) When (0 + y) is +ve,

we have,  (0 + y) < 2.

<em>Solving for y and subtracting 0 from both sides. </em>

0-0 + y < 2 - 0

<em>y < 2</em>

and when (0 + y) is -ve,

<em>we have, - (0 + y) < 2. </em>

Solving for y:

- 0 - y < 2

multiplying negative from both sides

<em>y > - 2</em>

<em>So, we have -2 < y < 2 </em>

<em>Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible. </em>

7 0
3 years ago
Donna, the office manager, spends a large part of her day working closely with those whom she supervises to successfully accompl
zubka84 [21]
It seems that you have missed the necessary options for us to answer this question, so I had to look for it. Anyway, here is the answer. Based on the given description above about Donna, the type of managerial skill she is exhibiting is HUMAN. Hope this answers your question. Have a great day!
3 0
3 years ago
A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at
VARVARA [1.3K]

Answer:

The annual depreciation under SL is $16000 per year.

Explanation:

The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.

The straight line depreciation per year = (Cost - SV) / estimated useful life

Annual depreciation under SL = (100000 - 20000) / 5   = $16000 per year

4 0
3 years ago
Suppose that an economy has 9 million people working full-time. it also has 1 million people who are actively seeking work but c
Luda [366]
The unemployment rate will be of 10% of the economy. We can only have in mind the Million people who are actively seeking work in here which is in itself what is taken into account when talking about economy's unemployment rate. Remember also that the unemployment rate that is consistent with full employment known as the natural rate of unemployment. 
4 0
3 years ago
Car dealer ben carte paid 97 percent of the base price of 22,567. he also paid 93 percent of options totaling 3,465. and a desti
lakkis [162]

Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01

3 0
3 years ago
Other questions:
  • If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much w
    5·1 answer
  • The convoy model of friendships describes _______________ of closeness and support through which friends move in and out during
    14·1 answer
  • A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
    11·1 answer
  • Kathy has taken a job with her ideal company and is excited to start in their sales department. During orientation, she is told
    7·1 answer
  • ________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
    14·1 answer
  • Houseman, Inc. anticipates sales of 57,000 units, 55,000 units, and 58,000 units in July, August, and September, respectively. C
    12·1 answer
  • Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gros
    8·1 answer
  • Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date repr
    9·1 answer
  • A few years back, Dave and Jana bought a new home. They borrowed $230,415 at a fixed rate of 5.49% (15-year term) with monthly p
    8·1 answer
  • Within her company, nadine utilizes a management style that varies according to the individual and environmental situation, with
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!