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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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Answer:

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= $183,333.

Hence, the selling price of the property is $183,333

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4 0
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Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
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Answer:

manufacturing organization

Explanation:

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5 0
3 years ago
If the note bears interest at 12%, how many months has it been outstanding?
icang [17]

Answer:

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6 0
3 years ago
On January 1, 2018, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,00
Jobisdone [24]

Answer:

The answer is B. $10,000

Explanation:

Straight-line depreciation method equals:

[Historical cost of the asset - salvage value(if any)] ÷ useful number of years of the asset.

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Salvage value = $3,000

Useful life = 3 years

= ($33,000 - $3,000) ÷ 3 years

=$10,000

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5 0
3 years ago
Trudy inc had the following bank reconciliation at march 31 2013 all reconciling items at march 31 2013 cleared the bank in apri
djverab [1.8K]

Answer:

The cash balance per books at April 31, 2013 is $28,200.

Explanation:

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The Cash balance per books on April 30, 2013 is computed as:

Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks

= $34,200 - $6,000

= $28,200.

7 0
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