Explanation:
Let x be the price of an adult ticket.
Then 0.5x is the price of a child ticket.
We have 2x + 4(0.5x) = £152, therefore 4x = £152 and x = £38.
Hence the price of an adult ticket is £38.
Answer:
B. Market or customer organization
Explanation:
This type of organization is organized by customer type in order to ensure that the different expectations of the customer groups are met by a customized service approach. Since Denim Blue Jean Corporation caters to men, women, children, babies, toddlers, and teens, this is the best approach for the organization.
It is more convenient to use travel agents to set up their travel arrangements due to busy and conflicting schedules of business people. Agents will also do everything for you to meet your travel needs. Travel agents know more than you do. They also have access to benefits you can't get otherwise. After you planned everything, they provide a safety net for your trip that you wont simply won't get by booking yourself or buying insurance.
The utility is not maximized since the marginal utility gained from the fifth sandwich is greater.
In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.
In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or the service. It computes utility once the first product is consumed (the marginal amount).
Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.
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Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
