Business, 06.03.2020 23:43, markeledwards699
John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke or does he show increasing marginal utility for Coke? Suppose that John has $3 in his pocket. If Cokes cost $1 each and John is willing to spend one of his dollars on purchasing a first can of Coke, would he spend his second dollar on a Coke, too? What about the third dollar? If John’s marginal utility for Coke keeps on increasing no matter how many Cokes he drinks, would it be fair to say that he is addicted to Coke?
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 02:00, whatistheinternetpas
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
Business, 22.06.2019 22:30, josephinekiim
Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice
Answers: 1
Business, 23.06.2019 02:40, sebastiantroysmith
This year, druehl, inc., will produce 60 comma 000 hot water heaters at its plant in delaware, in order to meet expected global demand. to accomplish this, each laborer at the plant will work 200 hours per month. if the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? number of laborers employed by the plant = nothing laborers (round your answer to the nearest whole number).
Answers: 2
Do you know the correct answer?
John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Coke...
Questions in other subjects:
Social Studies, 18.10.2020 15:01
Biology, 18.10.2020 15:01
Social Studies, 18.10.2020 15:01
Mathematics, 18.10.2020 15:01
Mathematics, 18.10.2020 15:01
Biology, 18.10.2020 15:01
