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mestny [16]
3 years ago
11

Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel​ = $4 an

d the price of an audio book​ = $8. If the marginal utility of the last novel was 32 units of utility​ (utils) what was the marginal utility of the last audio book​ purchased? A. 2 utils B. 12 utils C. 16 utils
Business
1 answer:
melamori03 [73]3 years ago
7 0

Answer:

None of the answers is correct, it should be 64 utils

Explanation:

If Barry's utility from consuming a used novel is 32 utils and the book costs $4, he was able to get 8 utils per dollar (= 32 / $4).

If an audio book costs $8, then Barry should obtain $8 x 8 utils per dollar = 64 utils.

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3 years ago
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Answer and Explanation:

The journal entries are shown below:

On Mar 12

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(Being the service provided on the account is recorded)

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On Mar 20

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7 0
4 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

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Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
4 years ago
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kherson [118]

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4 years ago
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Alja [10]

OPTIONS:

A. Positive treatment

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C. Countertransforence

D. Counterconditioning

Answer:

A. Positive treatment technique

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5 0
3 years ago
Read 2 more answers
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