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Ksenya-84 [330]
2 years ago
15

Suppose that the last dollar that Victoria receives as income brings her a marginal utility of 10 utils while the last dollar th

at Fredrick receives as income brings him a marginal utility of 15 utils. If our goal is to maximize the combined total utility of Victoria and Fredrick, we should:
Mathematics
1 answer:
GaryK [48]2 years ago
6 0

Answer: A

Suppose that the last dollar that Victoria receives as income

brings her a marginal utility of 10 utils while the last dollar that

Fredrick receives as income brings him a marginal utility of

15 utils. If our goal is to maximize the combined total utility of

Victoria and Fredrick, we should

a. Redistribute income from Victoria to Frederick

b. Redistribute income from Fredrick to Victoria

c. Not engage in any redistribution because the current situation already maximizes total utility

d. None of the above

Step-by-step explanation:

Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.

The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed.  In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.

.

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A car is traveling at a speed of miles per hour. What is the car's speed in kilometers per hour? How many kilometers will the ca
mihalych1998 [28]

Complete Question:

As you may have intentionally forgotten to mention the important data elements in your question like at what rate a car is travelling and number of hours car will travel in required number of miles etc. After a little research it seems I have found the complete question you were supposed to write. Hence, I am answering based on this complete question, but anyways, it would certainly improve your concept. Here is the complete question:

<em>A car is traveling at a rate of 60 kilometers per hour. What is the car's rate in miles per hour? How many miles will the car travel in 4 hours? In your computations, assume that 1 mile is equal to 1.6 kilometers. Do not round your answers.</em>

<em>Answer:</em>

The car will travel 37.5 miles in one hour.

The car travel 150 miles in 4 hours.

<em>Fetching data from Question:</em>

The rate at which car is traveling: 60 kilometers per hour

one mile = 1.6 km

<em>a) How many miles a car will travel in one hour?</em>

<em>b) How many miles will the car travel in 4 hours?</em>

<em>Calculation:</em>

<em>a) How many miles a car will travel in one hour?</em>

As one mile is equal to 1.6 km.

The rate at which car is traveling: 60 kilometers per hour

So, just divide 60 with 1.6 to get in miles

                      i.e. 60/1.6 = 37.5 miles per hour  

So, the car will travel 37.5 miles in one hour.

<em>b) How many miles will the car travel in 4 hours?</em>

As the car will travel 4 hours.

And car travels 37.5 miles in one hour

So, just multiply the number of hours i.e. 4 with the miles in one hour (speed) i.e. 37.5 to calculate the distance in 4 hours. So,

                                 The distance =  speed × time

                                                        =  37.5  × 4

                                                        =  150 miles

So, the car travel 150 miles in 4 hours.

<em />

<em>Keywords: distance, speed, kilometers, miles</em>

<em> learn more about distance travel and speed from brainly.com/question/12580265 </em>

<em> #learnwithBrainly</em>

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