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pav-90 [236]
3 years ago
11

Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut

ility of a rental car (MUrc) is 20 utils while the marginal utility of flying (MUfl) is 30 utils. What is the best advice for this consumer?
Business
1 answer:
Masteriza [31]3 years ago
6 0

Answer:

Consumers should choose to take the flight.

Explanation:

The price of a rental car = $50

Marginal utility from the car = 20 utils

Now find the per dollar utility from car = $50 / 20 = 2.5

The price of a flight = $85

Marginal utility from the flight = 30 utils

Now find the per dollar utility from flight = $85 / 30 = 2.83

Since the per dollar, MU is greater in the case of flight so consumers should choose to take the flight.

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4 years ago
The world's largest bank, Deutsche Bank, set as its objective to make its brand name as recognizable in the United States as Fed
Gemiola [76]

Answer:

A. Tactical Planning

Explanation:

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3 years ago
Total Costs (dollars)
Andrei [34K]

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

<em>brainly.com/question/5168855</em>

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6 0
2 years ago
Problem 10-171 The following labor standards have been ... The following labor standards have been established for a particular
lozanna [386]

Answer:

Labour rate variance    $2,925 unfavorable

Explanation:

<em>The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and  the actual labor cost for the same hours</em>

                                                                               $

Standard labour cost ($19.70× 6500)                128,050

Actual labour cost                                               <u>130,975</u>    

Labour rate variance                                           <u> 2,925 unfavorable</u>

                                 

4 0
3 years ago
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amm1812
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6 0
3 years ago
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