Answer: A
Suppose that the last dollar that Victoria receives as income
brings her a marginal utility of 10 utils while the last dollar that
Fredrick receives as income brings him a marginal utility of
15 utils. If our goal is to maximize the combined total utility of
Victoria and Fredrick, we should
a. Redistribute income from Victoria to Frederick
b. Redistribute income from Fredrick to Victoria
c. Not engage in any redistribution because the current situation already maximizes total utility
d. None of the above
Step-by-step explanation:
Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.
The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed. In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.
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Answer:
3 students are eating lunches other than salads and sandwiches.
Step-by-step explanation:
To solve this you know that there are 18 students in the cafeteria and 1/6 of them are eating salads and 2/3 are eating sandwiches right? So you would have to think about what 1/6 of 18 is so you know how many students are eating salads, and 1/6 of 18 is 3 so there are 3 students eating salads. Now, you have to find out how many students are eating sandwiches, so you need to know what 2/3 of 18 is. 2/3 of 18 is 12 so now you also know that there are 12 students eating sandwiches. Next, you have to add 12 and 3 and you get 15. Since you know that there are 18 students in the cafeteria, you have to subtract 18 by 15, and you should get 3. So 3 students are eating lunches other than salads or sandwiches.
Hope this helps you! :D
Answer: The product of 3. 5 and a number is greater than or equal to 7.
Step-by-step explanation:
Answer: Its little bit hard to become tutor. You need to give more answers.
Step-by-step explanation:
