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Fynjy0 [20]
3 years ago
5

Suppose you plan on eating 50 potato chips. As you start consuming potato chips, your marginal utility is very high, but it begi

ns to fall slowly until you’ve eaten 10 chips. After you have eaten 10 chips, your marginal utility decreases even faster with each additional chip. Marginal utility continues to decline until you’ve eaten 49 chips. The fiftieth chip does not give you any additional utility. After 50 chips, your mouth gets so salty that it is unpleasant to eat any more, so marginal utility is actually negative for those chips. How many chips should you eat in order to maximize your total utility?
a.1
b. 10
c. 49
d. 51
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

correct option is c. 49

Explanation:

given data

plan eating = 50 potato chips

begins eaten = 10 chips

Marginal utility continues eaten = 49 chips

to find out

How many chips should you eat in order to maximize your total utility

solution

we can say that here consumer will consume only 49 chips to maximize utility because till 49th chip utility is increasing but at a decreasing rate

and 50th chip provides no additional utility

so utility is maximize at 49 chips

correct option is c. 49

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Technology is a growing part of the US economy.

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From the above graph, we can see clearly that the technology sector had increased from $225billion in 2006 to about $360billion in 2011, which is about a 60% increase in a span of 5 years, thats a massive growth within a short period.

8 0
3 years ago
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If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-
romanna [79]

Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.

Data and Calculations:

Lowest-paid employee's annual earnings =$15,000

Maximum-Minimum Salary Rule = 7-to-1

The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).

Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.

Learn more: brainly.com/question/3854368

4 0
3 years ago
*Marking brainliest for the first right answer*
vichka [17]

Answer:

yaah lower is only the answer

3 0
3 years ago
The retail mall owner told a marketing researcher, "We have the option of staying open late twice a week or opening up an hour e
Alborosie

Answer:

develop your research plan

Explanation:

The five steps in the marketing research process are:

  1. Define the problem (or opportunity)
  2. Determine your research design
  3. Develop your research plan: during this step you design your research tool, e.g. questionnaires, focus groups, etc. You must also prepare a budget that covers the costs of carrying out your research plan.
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4 0
3 years ago
Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28
Gnom [1K]

Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

B  currently selling = $30 per pound

produce cost = $28 per pound

C would sell =  $60 per pound

produce additional cost = $24 per pound

to find out

What is the differential cost of producing Product C

solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B   .............1

put here value we get

differential cost of producing product C =  (28+24) - 28

differential cost of producing product C = $24 per pound

3 0
3 years ago
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