Every evening for dinner phil a. ofish has one serving of fish and two servings of mashed potatoes. the marginal utility of the last serving of fish is 200 utils and the price of fish is $5 per serving. if we assume that phil is a utility-maximizer, what can we say about the marginal utility of the last serving of mashed potatoes if the price of each serving of mashed potatoes is $2
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Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
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In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
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Most economists report the elasticity of demand asa. the absolute value of the actual number. b. a negative number, since price and quantity demanded move in opposite directions. c. a percentage, since both the numerator and denominator are percentages. d. a dollar amount, since we are measuring the change in price.
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Every evening for dinner phil a. ofish has one serving of fish and two servings of mashed potatoes....
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