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RideAnS [48]
2 years ago
8

Assume the following information for Splish Brothers Corp.

Business
1 answer:
WARRIOR [948]2 years ago
3 0
Buddy I got a hold on hood buddy I got
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Suppose Oliver's marginal utilities from an ice cream cone and a box of chocolate cookies are valued at $6 and $10, respectively
timama [110]

Answer:

Purchase the Ice Cream Cone for a net addition to marginal utility of $1

Explanation:

Marginal Utility is explained as the level of satisfaction that is added when a consumer consumes an additional unit of a product or patronizes a service. It determines the number of items an individual is willing to purchase based on his additional satisfaction from every extra item.

If the additional item leads to an increase in total utility then it is called positive marginal utility and when it decreases total utility then it is called negative marginal utility.

Oliver based on marginal analysis should purchase the Ice Cream Cone for the difference in value of $5 to 6$, that is the net additional marginal utility of $1, but should not purchase the box of chocolate because the marginal utility does not change it remains $10

8 0
3 years ago
Suggest any five entrepreneurial qualities which may contribute to the success of Toyota South Africa
lina2011 [118]
Entrepreneurial qualities are those qualities and skills which an entrepreneur possesses and which can be utilized to make his business a successful one.
Entrepreneurial qualities include the following: disciplined, determination, creativity,strong human relation skills, competitive behavior, open mindedness, self confidence and self starter attitude.<span />
8 0
3 years ago
In order to remain competitive, Big Bus Lines must reduce its average ticket price by 15%. However, the firm still wants to rema
Elza [17]

Answer:

A : decreasing its variable costs by at least 15%

Explanation:

Variable costs depend on the number of passengers they transport as there will be a decrease of the 15 %in the income received by each passenger. Then, it must be an equal reduction on the expenses generated by each passenger in order to remain competitive.

8 0
3 years ago
Researchers have found which of these to be the most popular downward influence tactics?
lana [24]
<span>Exchange tactics is the answer to your question.</span>
3 0
3 years ago
The average worker in China makes $5,000/year. Wages are keeping up with GDP growth of 7%/year. Assuming a constant growth rate,
Rashid [163]

Answer:

it will take 20.75 year to reach amount $20000

Explanation:

It is given that average worker in China makes $5000 per year

So principal amount P = $5000

It is given that wage are keeping up with a rate of 7%

So rate of interest r = 7 %

We have to find the time in which amount will become $20000 per year

We know that total amount is given by A=P(1+\frac{r}{100})^n, here n is time period and r is rate of interest

So 20000=5000(1+\frac{7}{100})^n

So 4=1.07^n

Taking log both side

log4=nlog1.07

0.6020=n\times 0.029

n = 20.75 year

So it will take 20.75 year to reach amount $20000

5 0
3 years ago
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