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ohaa [14]
3 years ago
6

Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 a

nd $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively these data suggest that Ms. Thomson:
should buy less B and more A
Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

∵  MU A / P A > MU B / P B

∴ A purchased & consumer more , B purchased & consumed less.

Explanation:

Consumer is at utility maximising equilibrium, where Marginal Utility per unit of price spent is equal for both goods consumed by consumer.

MU A / P A = MU B / P B

MU A / P A = 16 / 2  = 8

MU B / P B = 24 / 4 = 6  

In above case : MU A / P A > MU B / P B [  ∵ 8 > 6 ]  

This implies consumer is getting more utility (satisfaction) per unit of price spent on Good A , than that of Good B.

So, consumer Thompson will consumer more of Good A & less of Good B.

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Potential founders assess their additional skills and they tailor their business to their
snow_lady [41]

Answer:

Unique skills and personality

Explanation:

Every potential founder or entrepreneur have skills and personality unique to them. However, as a founder, one would hardly rely on combination of skills but a unique skill that will make him concentrate and make his business efficient.

Businesses need different skills to grow hence requires business founders to have a unique skill and personality and tailor them to the business. As a business continues to grow, it will get to a point where not just having skills will be enough but the unique and relevant skill that will help to create a more efficient and capable business .

Also as a business founder, one would likely perform different roles as at when required. However, one would discover that he is better on some roles compare to other roles due to having this unique skills and personality hence performs optimally.

4 0
3 years ago
Ability to do speedy and accurate arithmetic
GalinKa [24]

Number aptitude is the answer ^ ^

5 0
3 years ago
If an oligopoly does not cooperate and each firm chooses its own quantity, the industry will produce a quantity of output that i
Whitepunk [10]

Answer:

a. less than; more than 

Explanation:

An oligopoly is when there are few large firms operating in an industry.

A competitive industry is when there are many buyers and sellers of homogenous goods and services.

A Monopoly is when there is only one firm operating in an industry.

An oligopoly firm can choose to cooperate with other firms in the industry or not cooperate.

If firms do not cooperate they produce more goods than if they cooperated. The quantity produced can never be as much as that of a competitive firm because the number of producers in an oligopoly is less than that in a competitive firm.

The output would be more than the quantity produced by a monopoly because the number of producers in an oligopoly is more than that in a monopoly.

I hope my answer helps you.

6 0
3 years ago
A local business woman borrows $14,000.00 at $299.70 per month for 62 months, how much total
eduard
If you multiply $299.70x 62- 14,000months you get = 4,581.4 so yeah
4 0
3 years ago
Which of the following is NOT an example of how a bank can make money?
KiRa [710]

Answer:

I think it's #4 participating in a bank run, because loaning money u give money away but they still have to give that money back by paying the loan little by little.

Explanation:

3 0
4 years ago
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