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babymother [125]
3 years ago
6

Assume you spend all of your income on two goods: peanuts and chips. Also assume that you are consuming the combination of peanu

ts and chips that maximize your utility. Which of the following statements is true?a. if the price of peanuts is equal to the price of chips, then the marginal utilities must also be equalb. if the price of peanuts is less than the price of chips, then the marginal utility of peanuts is more than the marginal utility of chipsc. the marginal utilities of the two goods and their prices are not related
Business
2 answers:
Effectus [21]3 years ago
3 0

Answer:

The correct answer is option a.

Explanation:

In the consumption of two commodities, the total utility is maximized when the ratio of marginal utility and price of the product is the same for both the goods.  

A person is consuming two goods, peanuts and chips. The individual is able to maximize total utility. If the price of peanuts and chips are equal, this means that the marginal utilities derived from the consumption of these two must be equal.  

ollegr [7]3 years ago
3 0

Answer:

uwu the answer is A)

Explanation:

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My name is Ann [436]

Answer:

Because the all works that we did done and thinks to doing need some rules. Every thing in this world pepole looks this is wrong. We have to understand our culture because we live in the frame. The frame is culture anyone cqnt change it. Political like a game. Every politicions working for luxury life. They never think about the denziens of their country. As i think this is rhw reasone to understand the political.Socity is very diffrent. Always it full of curropution. we have to carefull of our self always.

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4 0
2 years ago
The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of
givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price  ]

or

0.60 = [ Percentage change in Quantity ] ÷ 20%

or

Percentage change in Quantity = 0.60 × 20%

or

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

3 0
3 years ago
The difference between distributive negotiation strategies and integrative negotiation strategies is that (1) distributive strat
Karolina [17]

Answer:

C. The second statement is correct

Distributive strategies focus on dividing the pie and integrative strategies on expanding the pie.

Explanation:

Distributive negotiation is a type of negotiation that both parties agrees to sharing existing resources within themselves so that they can part ways and it's mostly a win-lose situation while the integrative negotiation is a type where both parties seek to further expand the existing resources be looking forward to a collaborative process, it's always a win-win situation for both parties.

5 0
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astra-53 [7]
C. balance sheets

explanation:
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At least once a year, budgeted spending should be compared against ____ spending.
Savatey [412]

Actual spending. It is important to compare the budget, which is expected spending, to actual spending to make adjustments and catch potential problems or figure out what to do extra money.

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3 years ago
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