1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kamila [148]
3 years ago
15

A consumer equilibrium is a situation in which a consumer has allocated​ _____ of her income in a way that​ _____. A. ​all; maxi

mizes her marginal utility B. ​all; maximizes her total utility C. ​some; lowers her household budget D. ​some; increases her marginal utility
Business
2 answers:
Alja [10]3 years ago
4 0

Answer:

B) ​All; maximizes her total utility

Explanation:

A consumer is said to be at equilibrium in a situation where he/she spends all  his income in order to maximize utility(satisfaction) derive from a given goods and services. Equilibrium is that state where the money a person spends or allocate on goods and services equal the satisfaction a person derives spending that good. it has to be equal to be at an equilibrium state.

ludmilkaskok [199]3 years ago
3 0

Answer:

The correct answer is (D) all, maximizes her total utility.

Explanation:

Consumer's equilibrium is a defined as a situation in which an individual uses his or her money to buy goods in a manner in which the person obtains the highest satisfaction and has no need for a change in the level of consumption on account of the price of the product.

Consumer equilibrum enables an individual to obtain complete satisfaction from his or her money. Consumer equilibrum is found by comparing the ratio of the marginal utility to the price of a commodity.

You might be interested in
ABC Company incurs a cost of 50 cents to produce a dozen eggs, while XYZ Company incurs a cost of 70 cents to produce a dozen eg
Lerok [7]

Answer:

Option (C) is correct.

Explanation:

Given that,

ABC company: cost of producing a dozen of eggs = 50 cents

XYZ company: cost of producing a dozen of eggs = 70 cents  

When the price of a dozen eggs increases from 55 cents to 75 cents,

Producers surplus for ABC company:

= Revenue - Cost

= 75 - 50

= 25 cents

Producers surplus for XYZ company:

= Revenue - Cost

= 75 cents - 70 cents

= 5 cents.

It is the only price level at which both the companies have greater revenues than costs. It means that they both have profits.

It will increase the producer surplus of both the companies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

7 0
3 years ago
Pro-Tect Insurance Company has recently been paying out more on car-theft claims than it expected. Cars with special antitheft d
lisov135 [29]

Answer:

The correct answer is C) In one or two years, the discount that Pro-Tect is offering will amount to more than the cost of buying certain highly effective antitheft devices.

Explanation:

For the Pro-Tect plan to work, at least some of the insured who do not currently have an anti-theft device or an alarm system must decide to install such device or system due to the discount. If the cost of anti-theft devices is very high in relation to the size of the discount, the discount may not be enough to encourage policyholders to buy such devices. Option (C) tells us that the devices would "pay for themselves" after only a year or two and, therefore, that customers installing those devices will save money every successive year. The fact that customers have a financial incentive to install such devices provides a strong indication that the plan will achieve its objective. Keep the option (C).

6 0
3 years ago
In 2014, the EU filed a complaint that the government of Washington state violated international trade rules by:
larisa86 [58]

Answer:

extending tax incentives to Boeing for in-state manufacture of the 777x jetliner

4 0
3 years ago
Assume the Crash Davis Driving School has a 13.1 percent ROE and a 30 percent payout ratio. Required: What is the sustainable gr
Tamiku [17]

Answer:

9.17%

Explanation:

sustainable growth rate = return on equity x retention rate

  • return on equity = 13.1%
  • retention rate = 1 - payout rate = 1 - 30% = 0.7

sustainable growth rate = 13.1% x 0.7 = 9.17%

A company's sustainable growth rate is the growth rate that the company can achieve without raising new capital either by issuing debt or stocks. It basically refers to how much the company can finance its current or future projects by investing its retained earnings.

8 0
3 years ago
In the united states, about what percentage of the labor force performs tertiary sector work?
adelina 88 [10]
<span>In the United States, about 80 percent of the labor force performs tertiary sector work. :)</span>
3 0
4 years ago
Other questions:
  • Jen purchased a condo in naples fl for $699,000. she put 20% down and financed the rest at 5% for 35 years. what are jen's total
    9·2 answers
  • The quantity theory of money is based upon the equation of exchange and assumes that V and Q are both ________ over time..
    10·1 answer
  • Bernard, the CEO of RTT Co., believes the goals of the company must be divided into smaller departmental and individual goals. T
    9·1 answer
  • Thomas Martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week
    11·1 answer
  • The industrial engineering approach is most likely to emphasize:
    14·1 answer
  • On October 1, Swifty's Painting Service borrows $101000 from National Bank on a 3-month, $101000, 4% note. The entry by Swifty's
    11·1 answer
  • The length=2.7m and breath=85cm find the perimeter and area of rectangle​
    13·1 answer
  • Rizio Co. purchases a machine for $12,500, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took
    13·1 answer
  • Which of the following protects intellectual property for a period of time,
    12·1 answer
  • Which of the following is an argument put forward by German philosopher Immanuel Kant?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!