Business, 19.02.2020 22:57, younngchy92

Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is 200 utils per ounce. If peanuts cost 10 cents per ounce and cashews cost 25 cents per ounce, is Toby maximizing his total utility from the kinds of nuts? If so, explain how you know. If not, how should he rearrange his spending?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, dimondqueen511

Which two of the following are benefits of consumer programs

Answers: 1

continue

Business, 22.06.2019 08:00, vandonquisenberry

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

Answers: 2

continue

Business, 22.06.2019 10:40, emojigirl5754

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Answers: 2

continue

Business, 22.06.2019 19:00, 3peak101

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is

Answers: 2

continue

Do you know the correct answer?

Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utili...