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3 years ago

What happens when someone orders a second dessert when he or she is already full from the first dessert?

Business

1 answer:

Setler79 [48]3 years ago

7 0

Answer:

lower utility will be experienced on the second pizza

Explanation:

Utility is the satisfaction derived from the consumption of a product or a service. The ability of a product or service to satisfy a particular customer need or want determines its utility value.

The intensity of a need determines the level of utility required. An intense need demands for a product with high utility value. Consumers are willing to spend huge amounts to satisfy such needs. Less intense needs result in reduced utility. Consuming a second pizza will not derive much satisfaction as compared to the first one. The customer's need is not as intense as prior to the first consumption.

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When income is $100 per week, 10 gallons of gas is demanded. When income is $140 per week, 15 gallons of gas is demanded. Th

jek_recluse [69]

Answer:

1.25

Explanation:

The income elasticity if demand measures how responsive demand is to a change in income. It can be obtained by dividing the percentage change in quantity demanded by the percentage change in income.

In this question, the % change in quantity demanded is 50%. This is because there is a change of exactly half.

The percentage change in income is 40%. There is a rise from 100 to 140

The income elasticity is thus equals 50%/40% = 1.25

4 0

3 years ago

Which of the following are sources of market power? I. government-issued patents and copyrights II. a Minnesota law requiring al

Helga [31]

Answer:

The correct answer is option I.

Explanation:

Market power refers to the situation when a firm can affect the price of its product. There is no market power in a perfectly competitive market.

Market power generally arises from barriers to entry. There are four barriers to entry,

Resource ownership
Government regulation
Copyrights and patents
Startup cost

In the given example, patents and copyrights are an example of a barrier to entry.

A firm that possesses patents or copyrights for a product, will be able to affect its price as the firms will not be able to produce that product.

This gives market power to he firm holding patents or copyrights.

5 0

3 years ago

Before any digging takes place on someone’s property, it is important that all underground electrical wires, cable wires, water/

defon

Answer:

A). Developing an action plan.

Explanation:

The given descriptions suggest that the manager developed a plan of action to ensure that all the objectives are successfully attained effectively and efficiently in time. The 'management by objectives'(MBO) helps in enhancing the communication and coordination among the employees, effective resource utilization, clear processing of objectives step by step, and promotes better performance, and successful completion of goals. Thus, <u>option A</u> is the correct answer.

7 0

3 years ago

Automobile manufacturers are planning to adopt a new technology that will increase their overall productivity by 30%. As a resul

weeeeeb [17]

Answer:

Increase; increase

Explanation:

The automobile industry has identified a way to used technology to improve the overall productivity, which means, low manufacturing cost and more products. This will open a new way to boost the automobile industry. More companies and firms will start taking part in the automobile industry that will increase the equilibrium investment and due to the demand; interest in the loanable market will increase respectively.

4 0

3 years ago

MLB The company may build a $20M facility now to handle anticipated market demand for the next 10 years. Alternatively, the comp

densk [106]

Answer:

Alternative 1 has present worth of $20,000,000.00

Alternative 2 has present worth of $18,543,040.00

Explanation:

The present of the first alternative is the cost of the building the facility now,year zero which is $20 million.The value can be validated as follows:

Year Cash flows Discount factor present worth

cash flow* discount factor

0 $20,00,000 1/(1+10%)^0=1 $20,000,000

The PW of the second alternative:

Year Cash flows Discount factor present worth

cash flow* discount factor

0 $10,000,000 1/(1+10%)^0=1 $10,000,000

4 $8,000,000 1/(1+10%)^4=0.68301 $5,464,080

7 $6,000,000 1/(1+10%)^7=0.51316 $3,078,960

Present worth of second alternative $ 18,543,040

Hence alternative with PW is better as it has lower present worth of $ 18,543,040.00

5 0

3 years ago