As a general rule, utility-maximizing choices between consumption goods occur where the <u>price ratio and </u><u>marginal utilities</u><u> ratio of two goods are equal.</u>
Marginal application is the delivered satisfaction that a patron gets from having one greater unit of a terrific or provider. The idea of marginal software is utilized by economists to determine how great a deal of an item consumers are inclined to buy.
In economics, marginal utilities are the pleasure or advantage derived by ingesting a product. The marginal application of an amazing or carrier describes how a great deal of delight or pride is gained or misplaced by means of consumers because of the increase or decrease in intake by means of one unit. There are three sorts of marginal software. They're effective, negative, or zero marginal utility. For instance, if you like consuming pizza, the second piece of pizza brings you greater pleasure than best eating one piece of pizza. It approaches your marginal application from shopping pizza is fine.
However, after ingesting the second piece you feel complete, and you would not experience any higher from consuming the third piece. this indicates your marginal software from eating pizza is 0. Moreover, you would possibly experience unwell in case you devour more than three pieces of pizza. presently, your marginal application is bad. In other words, a terrible marginal utility indicates that each unit of goods or carrier fed on will do extra damage than desirable, with a view to causing the decrease of common utility level, while the nice marginal software shows that every unit of goods or services fed on will increase the general utility degree.
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Answer:
The answer is, the lowest bidding price is 3.1 pounds of protein
Explanation:
Solution
Given that:
For sustainable outcome, the government must give sustainable number of licences
The government is going auctions 40 licenses each month. the lowest winning bid would be lowest price at which the licences are given out y the government.
The government will start from the highest then to the lowest bid
So,
The number of people or individuals to be considered are 25 25 people bid 3.2 pounds and 20 people bid 3.1 pounds
so, the lowest bidding price is 3.1 pounds of protein.
Therefore, the lowest winning bid in the auction last month is 3.1 pounds of protein
Answer:
In order to get maximum returns from this investment, Howard Schultz should do the following-
a) Design the product of La Boulange so that they are included in the menu of starbucks so that people preferring to have La Boulange products can also be included in the customer base of starbucks.
b) La Boulange itself has a brand identity and was quite popular among people, hence instead of dissolving its identity, individual outlets must be run under the brand starbucks to maximize the annual turnover.
Explanation:
In order to get maximum returns from this investment, Howard Schultz should do the following-
a) Design the product of La Boulange so that they are included in the menu of starbucks so that people preferring to have La Boulange products can also be included in the customer base of starbucks.
b) La Boulange itself has a brand identity and was quite popular among people, hence instead of dissolving its identity, individual outlets must be run under the brand starbucks to maximize the annual turnover.
Although you did not includes the salaries of the employees, it will be simple for you to calculate. FICA is the Federal Insurance Contributions Act, which is made up of social security and Medicare fees. For 2019, the Social Security tax rate is 6.2% on the first $132,900 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.
So, for every employee who earned $132,900 or less, it is calculated by multiplying the total earnings by 7.65% (6.2% social security +1.45% Medicare).
For all earnings that are between more than $132,900 and $200,000, it is calculated by multiplying the total earnings by 1.45%. (Medicare)
All earnings above $200,000 are taxed at 2.35% (Medicare).
After calculating each of the people, you will add up the total. The employer matches each of the contributions, so they are the exact same as the total of the employees.