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.
.
Answer : 15.75 square inches
Step-by-step explanation:
Answer:
<u>58 units</u>
Step-by-step explanation:
I decided that one side is 37 units and another is 2 units, since that would make the area 37 units. (you can also use 74 units and 1 unit)
Then I multiplied 37 by 5/4, which equals a new length of 46.25 units, and I also multiplied 2 by 5/4, which equals a new length of 2.5 units.
Finally, I solve for the area of the triangle:
1/2(46.25 x 2.5) ≈ <u>58 units</u> (rounded to the nearest whole number)
Answer:
2.07
Step-by-step explanation:
Answer:
See below, I will let graphing part to yourself.
Step-by-step explanation:
First function: domain: 
, range: ![(-\infty, -2]](https://tex.z-dn.net/?f=%28-%5Cinfty%2C%20-2%5D)
, decreasing
Second function: domain: 
, range: , increasing
Third function: domain: 
, range: 
, increasing
