1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
15

A college student plans to spend the Friday evening watching movies rented from Red Box. The price of each movie is $1. Suppose

the student receives $3 worth of benefits from the first movie, $2 worth of benefits from the second movie, $1 worth of benefits from the third movie and $0 worth of benefits from the fourth movie. According to marginal principles, how many movies will provide the student with the most satisfaction?
Business
1 answer:
fomenos3 years ago
5 0

Answer:

3 Movies

Explanation:

The explanation is that when the marginal utility equal the marginal cost you get the maximum of benefit of the transaction as you can see the by every movie that they buy they receive a benefit greater than the price until the benefit and the price is the same $1 it is the point where the students get the most satisfaction of their purchases. In this case with a total number of 3 movies that cost $3 they receive $6 of satisfaction.

You might be interested in
Which of the following items is included in Japan’s GDP? A. the estimated value of production accomplished at home, such as ba
noname [10]

Answer:

D) None of the above is included in Japanese GDP.

Explanation:

A country's GDP includes the value of all the finished and legal goods and services produced in an economy during one year.

GDP = consumption + investment + government spending + net exports

  • Vegetables and fruits grown and consumed by an individual are not included in the GDP, unless they sell them to someone else.
  • Illegal goods ans services are not included in the GDP.
  • Imports, foreign products sold in a domestic market, lower the GDP since they lower net exports.
8 0
3 years ago
Which of the following charitable contributions is not tax deductible? a. Time donated to a qualified veterans’ organization. b.
igor_vitrenko [27]

Answer:

Time donated to a qualified veterans organization

Explanation:

The reason is that the company can only only deduct the products or services delivered which had cost the organization. The companies are not allowed to deduct the cost of time delivered however if the employee is specially paid to offer the services to qualified charitable institution then the charity would be tax deductable.

6 0
3 years ago
So far summer is boring but I got a wreck this journal book so how you guys doing​
Rom4ik [11]
Good thank you, and you?
3 0
2 years ago
Employees may be required to sign, as a condition of employment, an agreement that they will not leave the company and go to wor
Fittoniya [83]

Answer:

Option "A" is the correct answer to the following question.

Explanation:

A non compete agreement is a type of deal under which an employee signs a document that states that the employee will neither leave the company nor join any of the companies or businesses Which can harm its employer in the competitive market. Such an agreement is made a non-compete agreement.

Such legal arrangements prohibit workers from joining industries or occupations which are considered directly competitive with the employer.

6 0
2 years ago
When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o
ella [17]

Answer:

d. where price is equal to average fixed cost.

Explanation:

Firms involved in a perfectly competitive market face the same cost, <em>they will theoretically make zero profit on the long run.</em> This happen at the point where price is equal to average fixed cost.

7 0
3 years ago
Other questions:
  • Laura Pine worked as a welder for BCD Company for ten years before it changed its rigid tuition reimbursement policy. This year,
    15·1 answer
  • The federal government is trying to decide if money should be spent on
    6·1 answer
  • Consider the following transactions for Huskies Insurance Company: Equipment costing $34,200 is purchased at the beginning of th
    7·1 answer
  • Spence wants to have $176,000 in 7 years. He plans to make regular savings contributions of $13,100 per year for 7 years, with t
    5·1 answer
  • The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup cre
    15·1 answer
  • Two power plants provide power to Chapel Hill residents: plant UNC and plant Duke. Both plants burn coal to produce electricity,
    10·1 answer
  • Your boss would like your help on a marketing research project she is conducting on the relationship between the price of soda a
    15·1 answer
  • What is likely to happen to the labor market equilibrium for firemen as building codes change to require firewalls and sprinkler
    9·1 answer
  • Please answer ASAP:
    15·1 answer
  • Ejercicios para la actividad 7.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!