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d1i1m1o1n [39]
2 years ago
6

Garcia is currently spending his entire lunch budget on 3 sodas and 4 hot dogs. At his current level of consumption, Garcia's ma

rginal utility for sodas is 5 utils and his marginal utility for hot dogs is 10 utils. In order to maximize his total utility, Garcia should
ANSWER: maintain his current level of consumption if the price of soda i $1 and the price of a hot dog is $2

I need an explannation on why this is correct
Business
1 answer:
MatroZZZ [7]2 years ago
3 0

Answer:

He should maintain this because since he is buying 3 sodas and 4 hot dogs they each one cost 2 and 1 respectively that would mean that for each dollar he spends he gets one utility.If he shifts the balance he might not max out his utility per dollar.

Explanation:

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The difference between a company's strategy and a company's business model is that.
Deffense [45]

The Difference between a company's strategy and a company's business model is: company's strategy  explain how a company will use the money they make and a company's business  model explain how company make their money.

<h3>Difference between a company's strategy and a company's business mode</h3>

A  company business model  tend to show how an organization or company function including how they generate revenue .

While a  company's  business strategy tend to tell what the company will use the money they make or generated for .

Inconclusion a company's strategy  explain how a company will use the money they make and a company's business  model explain how company make their money.

Learn more about  company's strategy and a company's business model  here:brainly.com/question/24448358

8 0
2 years ago
The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point. Four
nadya68 [22]

Answer:

competition-oriented

Explanation:

Four common approaches to selecting an approximate price level are (1) demand-oriented, (2) cost-oriented, (3) profit-oriented, and (4) competition-oriented approaches

4 0
3 years ago
Rebotar Inc, makes basketballs. Their fixed costs are $3450 Variable costs are $12 per basketball, If the basketball is priced a
worty [1.4K]

Answer:

Break-even points = 265.38

Explanation:

Given:

Fixed cost = $3,450

Variable costs = $12

Selling price = $25

Number of balls sold = 300

Find:

Break even costs

Computation:

Contribution per unit = Sales - Variable costs

Contribution per unit = $25- $12

Contribution per unit = $13

Break-even points = Fixed cost / Contribution per unit

Break-even points = $3,450 /$13

Break-even points = 265.38

6 0
3 years ago
The price of an automobile is now $8325 which is 450% of its price seven years ago. What was the price of the car seven years ag
Vsevolod [243]
1850 is the price of the car 7 years ago
3 0
3 years ago
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Fofino [41]

Answer:

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Explanation:

Based on the scenario being described within the question it can be said that the term that is being described is known as a marketing strategy. like mentioned in the question this is a business's overall game plan which they have designed in order to reach their target market and turn them into consumers of their products so that the company may increase profits. This is done by using many different factors such as price, promotion, and distribution system etc.

6 0
3 years ago
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