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zloy xaker [14]
3 years ago
13

Trish is applying for a store credit card. If she gets approved, what type of loan will it most likely be ?

Advanced Placement (AP)
1 answer:
Olegator [25]3 years ago
4 0
The loan that will be applicable to a credit card is called a Credit Card Loan. This type of loan is a liability that is not secured and it is incurred on a short-term basis. The payment for the loan also has a short pay period.<span />
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If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
lakkis [162]

Complete question :

If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:

Number of apples ____total utility

2__________________130

3__________________180

4__________________220

5__________________250

6__________________270

7__________________280

Answer:

60

Explanation:

The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.

Hence, the marginal utility of the fifth apple equals :

Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)

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Hence, marginal utility per dollar :

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