I would put my answer as A, I'm not sure
Answer: B- the change in total utility from consuming one more unit of a good
Explanation: Marginal utility is the change in utility that arises from consuming one more unit of a good or service.
Utility is the total satisfaction that occurs from consuming a commodity or service.
Average utility is total utility divided by the number of goods consumed.
Answer:
The dimensions are 1 m × 1 m × 5 m
Explanation:
Let the dimension be x, y, z
Volume = xyz = 5 m³ ................(1)
According to question:
Cost function, C = 110(xy) + 30(xy) + 14(2xz+2yz)
or
C = 140xy + 28xz + 28yz ..........(2)
We need to maximise (2)
Given condition (1)
Using the concept of lagranges multipliers
...........(3)
...........(4)
...........(5)
From (3) and (4) and(5)
140xy + 28xz = 140xy + 28yz = 28xz + 28yz
thus,
140xy + 28xz = 140xy + 28yz
or
28xz = 28 yz
or
x = y ............(a)
140xy + 28yz = 28xz + 28yz
substituting x from (a)
140(y)y + 28yz = 28(y)z + 28yz
or
140y² = 28yz
or
5y = z
and,
volume = 5 m³
or
xyz = 5 m³
or
x(x)(5y) = 5 m³
or
x²(5x) = 5 m³
or
5x³ = 5 m³
or
x = 1 m
Hence,
y = x = 1 m
and,
z = 5y = 5(1) = 5 m
Therefore,
The dimensions are 1 m × 1 m × 5 m
Your answer would be B. The price will go up because supply is low.
Lang Industries is presenting a new product and will use price skimming to set the price. Price skimming is developing an originally high price to cover new.
<h3>What industries use price skimming?</h3>
Price skimming samples are mostly seen among tech giants, like Apple, Sony, and other businesses that develop new technologies that they know are high in the order.
Skim pricing, also understood as price skimming is a pricing strategy that sets new product expenses high and subsequently lowers them as competitors enter the market. Skim pricing is contrary to penetration pricing, which prices newly established products low to build a big customer base at the outset.
To learn more about price skimming visit the link
brainly.com/question/28198218
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