Answer: Option 'E' is correct.
Step-by-step explanation:
Marginal utility is the addition utility derived from each successive unit of a particular good.
so, marginal utility is the change in utility from consuming an addition unit of a good or service.
Mathematically, it is expressed as
Hence, Option 'E' is correct.
Answer:
B. √50
Step-by-step explanation:
is 49 so √49 is 7
So,
since the <u>closest number to 49 is 50</u>, that is the answer.
Answer:
E[T] = 10
Step-by-step explanation:
A distribution is called uniform if each outcome has the same probability of happening.
The uniform distribution has two bounds, a and b, and the expected value of the uniform distribution is given by:
Uniformly distributed between 0 and 20 minutes.
This means that
Let T be the number of minutes you wait until you board a bus. Find E[T].
This is
E[T] = 10