The Utility Maximization rule states that as long as one good provides more utility per dollar than another, the consumer will buy more of that good.Marginal utility is t<span>he extra utility a consumer obtains from the consumption of one additional unit of a good or service. So, in our case the additional unit can be cherry or date. MUc is the marginal utility of cherry and MUd is the marginal utility of date:
MUc=2*MUd
The price of the cherries is Pc and of the dates Pd: Pc=2*Pd.
According the utility maximization: MUc/Pc=MUd/Pd
2*MUd/2*Pd=MUd/Pd
So, yes the </span><span>consumer is maximizing utility. </span>
Answer:
Option D. Its presence lengthens both a firm's average collection period and its average payment period
Explanation:
The increase in the float, increases the investment in the working capital so the Option A is incorrect
The reason is that it is the time period from the time the cash was deposited in the company's account to the time its was credited due to the payment to the vendors. If the floating time is increased then the collection period and payment period are increased which is the option D and is totally opposite to option B and C.
Factors of production im pretty sure
Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".
<u>Answer:</u> Option C
<u>Explanation:</u>
Economic growth resulted from efforts made by Chinese population, imports and exports, tax collection etc, which allow people to invest more in buying new goods and services. Here for example if the market of car is increasing on development of economy than oil demand will increase, and after sometime it may lead to oil crisis. It is the common understanding in economy that the thing which become more in market demand, will always face crisis within completion of one cycle.
B because we really need equilibrium
