Answer: A
Suppose that the last dollar that Victoria receives as income
brings her a marginal utility of 10 utils while the last dollar that
Fredrick receives as income brings him a marginal utility of
15 utils. If our goal is to maximize the combined total utility of
Victoria and Fredrick, we should
a. Redistribute income from Victoria to Frederick
b. Redistribute income from Fredrick to Victoria
c. Not engage in any redistribution because the current situation already maximizes total utility
d. None of the above
Step-by-step explanation:
Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.
The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed. In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.
.
Take the y and x and 4 as a common factor and you will get 4xy(2yz+3x) the second one is the answer
Answer:
<u>12.5% ≈ 13%</u>
Step-by-step explanation:
The rest of the question is: There are 75 pills in the batch.
The current batch of pills is the first of the day and our goal is to produce a total of 600.
If there are 75 pills in the batch so percentage of goal completed will be
[(number of pills in the batch)/(Total pills)] * 100
≈ 13% to the nearest whole number
