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
To maximize economic surplus, keep increasing output as long as
finlep [7]

Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product

Explanation: i no it

7 0
2 years ago
robert jacobs and richard chase (2018). operations and supply chain management, 16th edition, mcgraw-hill. isbn 978-1-260-23890-
morpeh [17]

What was robert jacobs and richard chase (2018). operations and supply chain management, 16th edition; (COMPLETE QUESTION)

With a light emphasis on quantitative coverage, Operations and Supply Chain Management, 16e covers the full spectrum of Operations Management and Supply Chain. It offers pertinent and up-to-date Operations Management topics with an emphasis on economics and the global economy, analytics content that uses math models to link decisions to pertinent data, and proper problem-solving techniques.

This sixteenth edition gives students a set of more practical skills and tools as well as examples of what businesses are doing to gain a competitive advantage in the market. Reducing the cost of supply chain processes, integrating and collaborating with customers and suppliers, sustainability, and lowering the long-term cost of products and processes are all current business hot themes that pertain to operations and supply chain management.

TO know more about operations and supply chain management

brainly.com/question/5004551

#SPJ4

7 0
1 year ago
A person who routinely buys goods in good faith from a person who routinely sells such goods.
Mazyrski [523]
They are considered a buyer in the ordinary course of business.
4 0
3 years ago
If the MPC = .80, all taxes are lump-sum taxes, and the equilibrium GDP is $40 billion below the full-employment GDP, the size o
Sav [38]

Answer:

recessionary gap = 8 billion

so correct option is c) $8 billion

Explanation:

given data

MPC = 0.80

GDP = $40 billion

to find out

the size of the recessionary gap

solution

we get here first Multiplier  that is

Multiplier  = \frac{1}{1-MPC}     ..................1

Multiplier  = \frac{1}{1-0.80}

Multiplier  = 5

so recessionary gap will be

recessionary gap = \frac{GDP}{5}     ................2

recessionary gap = \frac{40}{5}

recessionary gap = 8 billion

so correct option is c) $8 billion

5 0
3 years ago
Chelsea Fashions is expected to pay an annual dividend of $1.26 a share next year. The market price of the stock is $24.09 and t
Stells [14]

Answer:

a. 7.83 percent

Explanation:

This is calculated by using the Gordon growth model (GGM) formula as follows:

P = d / (r - g) ……………………………………… (1)

Where;

P =  market price of the stock = $24.09

d = next year annual dividend = $1.26

r = cost of equity = ?

g = dividend growth rate = 2.6%, or 0.026

Substituting the values into equation and solve for r, we have:

24.09 = 1.26 / (r - 0.026)

24.09 (r - 0.026) = 1.26

24.09r - 0.62634 = 1.26

24.09r = 1.26 + 0.62634

24.09r = 1.88634

r = 1.88634 / 24.09

r = 0.0783038605230386, or 7.83038605230386%

Rounding to 2 decimal places. we have:

r = 7.83%

Therefore, the correct option is a. 7.83 percent.

3 0
2 years ago
Other questions:
  • The myplate food guidance system recommends eating __ of the needed grain ounce equivalents, as whole grains.
    7·1 answer
  • Kentucky fried chicken, better known as kfc, holds one of the most desired recipes in the world for their signature, 11-spice bl
    6·1 answer
  • Which is a tax in which the percentage paid increases as income increases?
    13·2 answers
  • A company incurs total costs of $8,000 to process Product A. The company can then sell Product A as is for total daily revenue o
    10·1 answer
  • The tax laws allow taxpayers to use which of the following methods for accounting for research and experimentation costs paid or
    9·1 answer
  • Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a current stock pr
    6·1 answer
  • Which choice is not a characteristic of a competitive market?
    13·1 answer
  • Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
    10·1 answer
  • hich two of the following is are examples of an employee behaving in a way that confirms the theories of elton mayo?
    13·1 answer
  • A successful manager is most likely to have:________
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!