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harina [27]
3 years ago
6

A popular cellular telephone provider offers its customers the following data plan: the first 4 gigabytes of data cost $10 each,

and each additional gigabyte of data costs $20. Suppose the typical consumer has $100 to spend on gigabytes of data (D) or chocolate bars (C) which cost $1 each.
Required:
a. How many gigs of data is the typical customer likely to use?
b. Does your answer depend critically on the steepness or flatness of the typical customer’s indifference curves? Explain.
Business
1 answer:
Zielflug [23.3K]3 years ago
6 0

Answer:

a.<em> 7 gigabytes</em>

b. <em>My answer depends critically on the steepness of the indifference curve</em>

<em></em>

Explanation:

If the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20, then the customer uses

4 gigabytes for $40 + 3 gigabytes for $20 each = <em>7 gigabytes</em> of data with $100.

<em>An indifference curve shows the combination of two goods that give the consumer equal satisfaction and utility. </em> The indifference curve is typically a graph that has a downward sloping convex to the origin.

<em>My answer depends critically on the steepness of the indifference curve</em>

<em></em>

<em></em>

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A method managers use to evaluate the resources at their disposal and manage or alter them to achieve competitive advantage is r
Sedbober [7]

Answer:

Resource View

Explanation:

A resource view or resource-based view is a strategic tool, hence its use by managers. It is bascially employed by management for the assessment of an organisation's strategic resources or assets in order to enhance the efficient and effective use of all available resources to maximize competitive advantage.

Some refer to the Resource Based View (RBV) as a managerial framework specifically employed to strategically maximize resource use for sustained advantage over competitors.

3 0
3 years ago
What are two common causes of postoperative wound evisceration? why might these causes lead to wound evisceration?
earnstyle [38]

The two major causes of postoperative wound evisceration are as follows,

  • Post-surgery wound stress, which might involve something as simple as a cough or sneeze
  • Certain sutures may disintegrate too quickly, causing the wound to open.
  • The type of closure employed, may or may not have been beneficial for the incision.

What is evisceration?

Evisceration is a rare but serious surgical complication in which the surgical incision opens and the abdominal organs protrude or come out. Evisceration is a medical emergency that must be treated as such.

  • It can range from mild to severe, with the organs exposed and slightly protruding outside of the incision.
  • Intestines, for example, may leak from an abdominal incision.
  • This is usually considered a medical emergency.
  • If you notice tissue or organs emerging from a surgical site, call your doctor.
  • It is critical to keep the wound wet. Cover the opening and organs with a wet, sterile bandage or sheet while on your route to seek medical help or while waiting for EMS.

Learn more about Evisceration here,

brainly.com/question/4224130

# SPJ4

4 0
2 years ago
Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no
Marina CMI [18]

Answer:

Frictional unemployment.

Explanation:

The type of unemployment which results from GE's decision is frictional unemployment. Frictional unemployment is when people are unemployed because they are moving from one job to another. In this case because the rest of the industry does not reduce it's employees the employees fired from GE are now in the process of finding others jobs in the industry.

3 0
3 years ago
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you have to i
Lady bird [3.3K]

Answer:

PV = $155,343

Explanation:

This question requires application of PV of annuity, according to which:

PV = p [1-(1+r)^-n/r]

P= Periodic Payment

r = rate of period

n = number of periods

r = 3%/12 = 0.25% (monthly), n = 120, P = $1500

PV = 1500 * [\frac{1 - (1 + 0.0025)^{-120}}{0.0025}]

PV = 1500 * 103.5618

PV = $155,343

6 0
3 years ago
In one hour. Sue can produce 70 caps or 21 jackets and Tessa can produce 50 caps or 25 jackets. Sue's opportunity cost of produc
Marina CMI [18]

Answer:

both Sue and Tessa gain 0.3; 0.50

Explanation:

Sue's production possibilities frontier:

  • 70 caps
  • 21 jackets

Sue's opportunity cost:

  • opportunity cost of producing caps = 21 / 70 = 0.3 jackets
  • opportunity cost of producing jackets = 70/21 = 3.33 caps

Tessa's production possibilities frontier:

  • 50 caps
  • 25 jackets

Tessa's opportunity cost:

  • opportunity cost of producing caps = 25 / 50 = 0.5 jackets
  • opportunity cost of producing jackets = 50/25 = 2 caps

Sue should produce caps and Tessa jackets:

total production = 70 caps (Sue) + 25 jackets (Tessa), if they trade they will both win because each specialized in producing the good in which they have a comparative advantage (lower opportunity costs). If Sue traded and received 21 jackets, she would still have 28 caps left. If Tessa traded and received 50 caps, she would still have 10 jackets left.

6 0
4 years ago
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