What ? Getting a good grade I guess or $20 for A+
Answer:
Toby is not maximizing his utility because MUp/Pp > MUc/Pc
Explanation:
given data
marginal utility consuming peanuts = 100 utils per ounce
marginal utility consuming cashews = 200 utils per ounce
peanuts cost = 10 cents per ounce
cashews cost = 25 cents per ounce
solution
we know that Toby will have maximize utility when here
Marginal utility of peanut ÷ price of peanut = Marginal utility of cashew ÷ cash ..........................1
MU (p) ÷ P (p) = MU (c) ÷ P (c)
put here value
but here
10 > 8
so we can say Toby is not maximizing his utility because MUp/Pp > MUc/Pc
For Sharon,<u> responsiveness </u>is the most important of the five service quality dimensions.
<h3>What is Responsiveness?</h3>
Responsiveness can be defined as the process of responding to someone quickly or promptly without delay.
Based on the given scenario Sharon want the restaurant to render or provide service to her by serving her the meal quickly as possible.
Inconclusion <u> responsiveness </u>is the most important of the five service quality dimensions.
Learn more about responsiveness here:brainly.com/question/475234
Answer:
$351,912.61
Explanation:
Data provided in the question:
function that models the rise in the cost of a product
![C(t)=C(1+r)^t](https://tex.z-dn.net/?f=C%28t%29%3DC%281%2Br%29%5Et)
C = $285,700
t = 14 years
r = 1.5% = 0.015
Now,
On substituting the respective values in the given function, we get
inflation-adjusted cost in 14 years i.e C(14) = $285,700(1 + 0.015)¹⁴
or
C(14) = $285,700 × 1.2317
or
C(14) = $351,912.61
The answer is $12,360.22(rounded)
16,995-5,500= 11,495
11,495+7%= 12,360.2151
Hope this helps!! :)