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.
.
1) From building 1 to 2: 5 - (-3) = 8
2) From 2 to 3: 4 - (-5) = 9
3) From 3 to 4: 5 - (-3) = 8
4) From 4 to 1: 4 - (-5) = 9
Total: 8 + 9 + 8 + 9 = 34 units = 34*100 feet = 3400 feet.
Answer: 3400 feet
Answer:
9/2
Step-by-step explanation:
A Rational Number can be made by dividing two integers. (An integer is a number with no fractional part.) So therefore, 9/2 is a rational number
Answer:
31.40
Step-by-step explanation:
3.14 x 10
= 31.40
I'm very sorry if you get it wrong tell me
Hello!
You divide the total time by the time unit for the slope
54 / 3 = 18
Multiply this by how height the cart goes
4 * 18 = 72
The answer is 72
Hope this helps!
